Minister for Physical Planning and Works Bijay Kumar Gachchhadar said the government plans to bring new rules to manage the booming real estate business in the country.

Minister for Physical Planning and Works Bijay Kumar Gachchhadar inaugurating the Real Estate Expo 2009 at Bhrikuti Mandap, Thursday, Apr 02 09. nepalnews.com/ANA

Minister for Physical Planning and Works Bijay Kumar Gachchhadar inaugurating…
Inaugurating the Panchakanya Real Estate Expo 2009 in Kathmandu Thursday, Gachchhadar assured the investors of a conducive environment in housing business, inviting further investment in this sector.

He said a new policy was required to regularise the urbanisation process to ensure it does not become unmanageable in future.

Recently, the Nepal Rastra Bank had issued directive to private commercial banks cautioning them of possible loss in housing if they did not revise their policy on loan issuance.

The real estate entrepreneurs on the occasion had expressed dissatisfaction for lack of clear policy on housing. The expo will run for four days. nepalnews.com ia Apr 02 09