How does real estate price hikes? this often my friends ask. What we need to understand any location which offer people to generate business,or even if there is new job vacancies being created,new income sources it directly affects the real estate within that locality. So for those who are into plotting of land and into building real estate housing whats more important is an entire package ,in my suggestion develop a city with proper economics and not oasis of living with some cheap variation.
Land price in Kathmandu and its direct affluence.
Question 1: Where is land value more high Durbarmarg,New road,Asan Gali,Jamal,Nayabus park,New Baneshwore,Circle of boudha temple,Thapathali?
Question 2: Return of investment is higher on which of the above places?
Question 3: Which among the above is the most popular location?
Question 4: Where is the rent most high?
and last question do you know about any transaction in this place in last 1year?
You must be having your own ideas but answer to all question has a different location but one thing is common in all only the ground floor are the most demanded commercial outlets and growth perceptive is entirely horizontal along the main road. A shutter in New Road on main road will cost you something around 800 to 1000 rs per sq.ft and moment you opt for 2nd floor the rates comes half and if you compromise with inside by lanes rent gets cheaper.So we have a complete distress market.
Every house that a middle class segment dreams has a shutter .Why? ask yourself certainly not for parking car....but you can consider it as insurance to old-age and now growing trend is building flat system house. With current urbanization i dont see growth of real estate in nepal.
Lets take eg: of Gurgaon in India....15years bak may be the population of delhi just 2lakhs but today's their is a traffic inflow of more than 10lakhs people everyday. Its a planned initiative of the government, Catering to business hub and segregation of business and residential establishments. So now wonder prices in Gurgaon has gone up.
So it should be joint initiative of public and government and we need to segregate our neighborhood. Have.Have allocation for areas for school and colleges,Hub for business houses,Places of tourism interest, and top it all plan the town and not personnel lust list .
Biggest sarcasm having Central jail not only by terms but location so central .Even if the government lease out its premise the Investors will be happy to build a new jail in any government approved area.
Whenever i pass by our supreme court i feel what an impact would it have if it was to be a shopping mall.Anyways people travel far length to reach the court so it would hardly matter to shift it on outskirts.
In my suggestion a proper township planning the government should do and share the same with public and seeing today's public i think government would get full support to develop the city.....So lets get together and ask government for permanent solution and not measures to make individual leeching on chair greasing themselves.
In brief prices of land outside ring road is noticing good transaction and money aspect some parts are more expensive than lands inside ring road.
Grande Hospital:;::; Price impact the whole Tokha Area.
Naya bus Park::::::: Price impact shamakoshi,gangabu
Balaju Industrial Area::::::: Price Impact Balaju
So if you planning to invest check whats in and around your locality in current scenario hospitals,bus stops,distance from airport, and mixed community area is experiencing a good raise in price whereas schools and colleges has no impact.
Secondly if the land is main road ,sub road,or by-lanes also directly determine the price.If you ask me from investment point of view go for properties without access of car drive way ,you will get at really reasonable price and secondly you can always rent a shed for your car parking and little bit of walking is good for both bank account and health.
