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NRN Section

Housingnepal's NRN section is exclusively keeping in mind NRN investment requirements. It gives you a chance to choose from a privilleged range of residential projects offered by the best of real estate brands in the country.

Sponsored Projects
1269242147tch_tower4-_Sitapaila.jpg
Price Range:
NRs.5,800,000.00 to NRs.8,900,000.00
Address:
4 Sitapaila
District:
Kathmandu
No. Of Units:
67
Site Area:
4-13-1-1.89 (26479.256 Sq. Ft.)
Status:
Completed
Developer:
The Comfort Housing Pvt. Ltd.
Project Overview:
With the warm and positive acceptance of Comfort’s two Vertical Living Projects, TCH Tower II - Lazimpat & TCH Tower III - Panipokhari, Comfort Housing bring to you the most awaited Vertical living Project, TCH Tower IV - Sitapaila.After the overwhelming success of TCH Tower III - Panipokh...
1369380421civil-home-khumaltar-logo.jpg
Price Range:
NRs.8,600,000.00 to NRs.20,000,000.00
Address:
Khumaltar Height
District:
Lalitpur
No. Of Units:
70
Site Area:
29-0-0-0 (158804 Sq. Ft.)
Status:
Construction Phase
Developer:
Civil Homes Pvt. Ltd.
Project Overview:
Civil Homes Phase-VI Khumaltar height,City Paradise, comprises of about 50 lavish independent homes with plot areas ranging from 3 anas to 6 anas. There are also about 20 units of row houses on minimum of 2.5 ana plots. The site itself, which is at "Khumaltar height", is the main advantage of this r...
1321002134imperial-court-logo.jpg
Price Range:
NRs.13,051,948.00 to NRs.17,525,928.00
Address:
2 Santa Bhawan Sanepa
District:
Lalitpur
No. Of Units:
104
Site Area:
11-8-1-1 (63080.95 Sq. Ft.)
Status:
Construction Phase
Developer:
Imperial Developer
Project Overview:
The speedy Urban Development of Kathmandu, due to the rapidly growing need for an infrastructure and secured apartment living, has given rise to a mushroom of lifeless living accommodations. Imperial Developers punctuates the growth with a classical home changing the paradigm in the living style exu...
1284284609sterling-patan-logo.jpg
Price Range:
NRs.16,000,000.00 to NRs.36,500,000.00
Address:
3 Thado Dhunga
District:
Lalitpur
No. Of Units:
34
Site Area:
4-0-0-0 (21904 Sq. Ft.)
Status:
Construction Phase
Developer:
Mercury Apartments Pvt. Ltd.
Project Overview:
‘Sterling’ is one of the most acclaimed luxury residential apartments in Nepal, where we are setting a trend in Super Luxury lifestyle in Apartment Living. With our pioneering designs, international standards and location advantage you need to walk in only once before you call Sterling, ...
1321005253cityview-apartments.jpg
Price Range:
Not Available
Address:
Bakundole Sanepa
District:
Lalitpur
No. Of Units:
38
Site Area:
3-0-0-0 (16428 Sq. Ft.)
Status:
Construction Phase
Developer:
Downtown Housing Co. P. Ltd
Project Overview:
After the over whelming success of the first project “Downtown Apartments” at Dhapakhel, Downtown Housing Co. PVt. Ltd.proudly announces the “Excellence Redefined - City View Apartments”. We are sure that City View Apartments will be a cut above the rest and we are confident ...
1304236613retreat-logo.jpg
Price Range:
NRs.7,494,800.00 to NRs.17,500,000.00
Address:
Bijeshwori
District:
Kathmandu
No. Of Units:
30
Site Area:
1-14-2-1.1 (10462.15 Sq. Ft.)
Status:
Construction Phase
Developer:
CE Construction
Project Overview:
Living to its name, Retreat Apartment located in Bijeshwori is only a distance away from the much revered Swayambhunath Stupa and the Bijeshwori temple. A sanctuary in itself, it offers the best of both worlds – amenities for comfortable living and the quiet/mystical surrounding throbbing with...
1380524629panipokhari-logo.jpg
Price Range:
NRs.18,435,287.00 to NRs.40,747,842.00
Address:
3 Lazimpat Panipokhari
District:
Kathmandu
No. Of Units:
49
Site Area:
20-12-2-2.42 (113850 Sq. Ft.)
Status:
Construction Phase
Developer:
CE Construction
Project Overview:
************* SOLD OUT ****************Panipokhari Heights project is primarily designed for the upper middle class families for modern trendy living in the most sophisticated manner. Pure joys of living differently, higher up within the clean sunny atmosphere, in total harmony with the unmatched am...
Budget 2011-12: Income source disclosure provision to be relaxed, will allow NRNs and foreigner to invest

In a move that would please the banking sector, the upcoming budget is going to relax the current provision of income source disclosure and allow Non Residential Nepalis (NRN)s to invest in the capital market and the realty sector.Entrepreneurs had repeatedly been complaining that the income source declaration provision was hurting the realty sector, capital market and the banking industry.


According to Finance Ministry officials, the budget will put in place a provision of negative declaration of the income source. 


> As per the provision, any individual, company or organisation making deposits worth Rs 1 million and above should declare that the amount has not been not generated from illicit activities such as terrorism, drug trafficking, human trafficking or other organised crimes. Henceforth, one is not required to declare income source while purchasing vehicles worth up to Rs 5 million and land and house up to Rs 10 million, they said.


> The government will also decrease the rate of the capital gain tax to address the problems of the capital market and the realty sector. 


> Also, the principle loan amount can be renewed after the payment of outstanding interests.


> In a bid to increase investment in commercial and residential buildings, the budget will allow government certified NRNs to purchase apartments under certain conditions. 


> Also, a foreign company or a foreigner will be able buy apartments worth more than $200,000. They, however, will not be allowed to sell the property for five years. 

The realty sector had been demanding such a provision for quite some time. The Ministry of Land Reform will prepare an action plan in this regard within mid-November.The Securities Board of Nepal (Sebon) will prepare an action plan within mid-November to introduce a provision enabling NRN to invest in the stock market. Stockbrokers had been demanding that NRN be allowed to invest in the capital market initially and gradually the market be opened for foreigners too. However, in the international practice, institutional investors from abroad are only allowed to enter the capital market. Also, to ease trading in the capital market, electronic transaction will be made easier. The sources also said the ‘Five-year Capital Market Development Master Plan’ prepared with the assistance of the World Bank will be implemented.

Likewise, the Nepal Rastra Bank (NRB) in collaboration with the Department of Cooperatives will make an arrangement to regulate and supervise credit and saving cooperatives whose annual turnover is more than Rs 500 million. To encourage merger among banks and financial institutions, the budget will waive registration fees. The sources said the upcoming budget has a programme to conduct a special study to merge government-owned banks.


Deposit insurance will be made mandatory for commercial banks as well. As per the provision, commercial banks will be required to insure individual deposits up to Rs 500,000. The government will invest Rs 500 million in the Deposit and Credit Guarantee Corporation.


The budget will also work on developing the Emergency Insurance Fund as a reinsurance company. As the country lacks such a company and the current fund not contributing much, the idea of converting it into a reinsurance company was afloat. Besides, the budget will introduce micro insurance in some hilly districts.

source: The Kathmandu Post, 14 july 2011

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