KATHMANDU, Sept 17: Speaker Dol Prasad Aryal has urged the government to resolve the problems related to land ceiling at the earliest.
Inaugurating the '9th Nepal Real Estate and Construction Exhibition-2083' that kicked off here today, Speaker Aryal stressed that the government should be serious to resolve legal complexities related to land ceiling.
The Speaker shared that a process was forwarded to formulate sustainable, citizen-friendly and land-appropriate laws so it would address the problems for the coming 50 years in this sector. He pointed out the need of encouraging entrepreneurs to create decent employment in the country and end the compulsion of going abroad for employment.
Deputy Speaker Ruby Thakur assumes office
Real estate business is one of the vital pillars to make the domestic economy dynamic. It is also associated with various sectors including cement, banking insurance and infrastructure development.
President of Nepal Chamber of Commerce, Kamlesh Kumar Agrawal, stressed that the government should protect the real estate, housing and construction sector as they are the backbone of Nepal's economy. He reminded the government to readjust loans relating to housing and real estate.
Chairperson of Nepal Land and Housing Developers Association, Dipak Kunwar, argued that though the real estate and housing companies had constructed houses taking loan from banks, they had to bear burden of interest for the past eight years owing to the burden of ownership transfer.
President of Nepal Real Estate and Housing Developers' Federation, Bishnu Prasad Ghimire, expressed concern that real estate entrepreneurs were being hit hard due to provision of land ceiling.
The expo began under the theme 'Safe Housing, Rights of Every Citizen' with more than 100 stalls of real estate, banks, insurance, solar energy, furniture. It will run till September 20.
