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Discussion Starter #1
I haven't seen a thread dedicated for housing or real estate topic. So I decided to start one. Please feel free to add your valuable posts.


Realty sector rebounds from prolonged slump

KATHMANDU, APR 22 - The real estate sector has rebounded from a prolonged slump on increased demand for houses and apartments, property developers said. According to them, 7,274 stand-alone houses, townhouses, condominiums and land subdivisions have been sold since a revamped real estate concept was launched in Nepal in 2000.
The developers estimate that only 1,335 houses and apartments remain unsold as of now. They said that 381 housing units worth Rs3.07 billion had been sold since January.

http://www.ekantipur.com/2015/04/22/business/realty-sector-rebounds-from-prolonged-slump/404400.html

This is good news for realty sector. Hopefully there will more projects in the future which means more economic activities.
 

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11 of Valley’s apartment buildings unsafe: Govt

There will be a huge setback on housing especially on highrise apartments following the devastation from the great earthquake.I don't know if buyers will ever have faith in the developers in terms of highrise living any more for at least this generation. Approximately 75% of highrise apartments in KTM is unsafe says Government.

KATHMANDU, MAY 06 - Of the 16 apartment buildings assessed by government teams so far, 11 have been declared “unsafe” for immediate use while four have been marked “safe”.
The Department of Urban Development and Building (DUDB) that has been carrying out safety assessment of high-rise apartments said Indreni Apartment and Bhat Bhateni Apartment at Bhatbhateni, Oriental Apartment at Dhapasi and TCH Towers at Panipokhari got minor damage from the April 25 earthquake and are safe for stay.
http://www.ekantipur.com/2015/05/06/top-story/11-of-valleys--apartment-buildings-unsafe-govt/404884.html
 

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There will be a huge setback on housing especially on highrise apartments following the devastation from the great earthquake.I don't know if buyers will ever have faith in the developers in terms of highrise living any more for at least this generation. Approximately 75% of highrise apartments in KTM is unsafe says Government.



http://www.ekantipur.com/2015/05/06/top-story/11-of-valleys--apartment-buildings-unsafe-govt/404884.html
Absolutely. The highrise concept does not seem feasible. There's a reason why there was a 10-storey limit. I think we need to stick to it. The apartments were supposed to withstand up to 9.0 Richter Scale but a 7.8 did the trick. I hear that most of the apartments are unlivable?
 

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Earthquake victims to get loans at 2pc

http://www.ekantipur.com/2015/05/07/business/earthquake-victims-to-get-loans-at-2pc/404932.html

The bank, which is planning to announce the scheme soon, will provide refinancing to the banks and financial institutions (BFIs) without interest, and the BFIs will have to provide the money to the victims at 2 percent interest rate.
“Homeowners in the Kathmandu Valley, whose houses have been damaged by the quake, will get the maximum loan of Rs 2.5 million,” said Min Bahadur Shrestha, spokesperson of the NRB. “Those outside the Valley will receive up to Rs 1.5 million.



So far this is a scheme only. Hopefully they will adopt this as a policy so rebuilding shouldn't be financially stressful for the homeowners. Demand should be high for labor for reconstruction so this should be able to get lot of people back to work.
 

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Tallest Valley house may be three-storeyed New building code

“People want to make houses at low costs, and the developers want to reach for the skies. Many house owners even make compromises on basic ingredients such as cement and galvanised rods. Many don’t hire engineers to prepare house designs. Owners tend to be even more careless if a house is to be rented out,” said Tiwari.
Initial assessments by authorities have found that among the newly built structures mainly those constructed without acquiring municipal clearance were worst affected by the quake. Most of the new buildings that collapsed in areas like Gongabu, Balaju, Kalanki, Thamel and Chabahil had initially got permits to build two- or three-storey structures for residential use, but they were transformed into high-rises without fulfilling the legal and technical requirements when the areas turned into commercial hotspots.

http://www.ekantipur.com/2015/05/11/top-story/tallest-valley-house-may-be-three-storeyed/405082.html
 
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