Nepal Land and Housing Development Association (NLHDA) has submitted the list of suggestions for developing the land and housing business in the country to the newly elected minister for land development and management along with a congratulatory letter.
“The government has been generating revenue of Rs 7 billion per year through the real estate business alone,” said Nepal Land and Housing Development Association president Iccha Raj Tamang. Mentioning that real estate has been providing employment opportunities to many people, Tamang urged the government to allocate the required budget for developing this sector.
“In order to minimize problems in this sector, the government should end the unscientific methods of giving permission to developers first,” said Tamang, developer of Civil Homes Pvt Ltd. He added that the gov- ernment should collaborate with the private sector for developing master plans of various projects. “Real estate business has to be established as an industry,” Tamang said adding that the entire land and housing development sector should be computerised in the days to come.
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