KATHMANDU, Sept 26: The government has made it mandatory to obtain a license for real estate transactions exceeding Rs 30 million in a single deal within all metropolitan and sub-metropolitan cities.
The decision was endorsed by the Cabinet meeting on Thursday (September 25) following a proposal from the Ministry of Land Management, Cooperatives, and Poverty Alleviation. The rule will come into effect after its publication in the Nepal Gazette.
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Currently, Nepal has six metropolitan cities—Kathmandu, Lalitpur, Biratnagar, Bharatpur, Birgunj, and Pokhara—and 11 sub-metropolitan cities, including Dharan, Itahari, Janakpur, Hetauda, Kalaiya, Jitpur–Simara, Butwal, Tulsipur, Ghorahi, Nepalgunj and Dhangadhi.
Once implemented, any transaction above Rs 30 million in these cities will require a license.
