Now, companies dealing in real estate worth more than three crore rupees at a time have to take permission compulsorily. The government published a notice in the gazette on Monday and made arrangements to obtain permission for the purchase and sale of real estate above 30 million rupees at a time through companies in metropolitan and sub-metropolitan cities across the country.

The government will have to take permission if the real estate transaction of any area within the metropolis and sub-metropolis is done through the company. It is mentioned in the gazette that the government has published information for the purposes of 'A' and 'B' of section 26 of the Property Act.

In section 26 of the Property Act, it is mentioned that a license must be taken to deal with real estate. It is mentioned in that section that a permit should be taken when dealing with real estate that exceeds the area or amount mentioned in the notification in the areas designated by the government and published in the gazette. 

It is mentioned in 'b' of section 26 that an application for a license must be made . In sub-section 1 of 'B' of section 26, it is mentioned that the person who wants to get a license to deal with real estate should submit an application to the designated authority by publishing a notice in the Nepal Gazette along with the specified details, documents and procedures. Director General of Land Management and Records Department has been appointed.

In sub-section 3 of the same section, it is mentioned that if the application is found to be fraudulent, the concerned officer should give the applicant a license to do real estate related business under the specified conditions. It is mentioned in sub-section 4 of 'b' of section 26 that the period of the said license is for five years. 

In sub-section 'j' of section 23 of the Property Regulation 2036, according to sub-section a of section 26 of the Property Act, it is mentioned that a person who wants to get a license to deal with real estate between natural and legal persons or legal persons should apply to the designated authority .

Ganesh Prasad Bhatt, the spokesperson of the Ministry of Land Management, Cooperatives and Poverty Alleviation, said that permission should be obtained for real estate transactions over 30 million rupees through the company. "Permission is mandatory for real estate transactions between individuals and companies, between companies of more than three million rupees," he said. No license should be taken.' He said that there is an effort to regulate the business through the company. "The idea is to gradually bring transactions between individuals into the structure of the formal land market," he said.

In these municipalities, permission is mandatory for real estate transactions above 30 million rupees through companies:

Kathmandu Metropolitan City

Lalitpur Metropolitan City

Biratnagar Metropolitan City

Virganj  Municipal Corporation 

Bharatpur  Metropolitan City

Pokhara Metropolitan City

Dharan Sub-Metropolitan City

Itahari Sub-Metropolitan City

Janakpurdham Sub-Metropolitan City

Jitpur Simra Sub-Metropolitan City