Kathmandu. The Land Reform and Land Revenue Office, Dilli Bazaar, has issued a new rule for real estate transactions of more than Rs 3 crore within the metropolitan city and sub-metropolitan city. According to the directive of the Department of Land Management and Records, from April 22, the purchase and sale of real estate with a balance of more than Rs 30 million will have to be done only through a licensed agency or company. <\/p>\n
This provision aims to bring big businesses under the ambit of government surveillance and law. This new provision is under Section 26A of the Land Revenue Act, 2034. And it has been implemented on the basis of the notice published in the Gazette by the Government of Nepal on October 27, 2002. <\/p>\n
The government has taken this step to maintain transparency in high-value transactions between natural or legal persons within the metropolis and sub-metropolis. Large transactions that were previously done privately will no longer be approved by the Land Revenue Office without the prescribed legal process and the involvement of licensed entities. <\/p>\n
According to the government notice, the list of authorized companies that have obtained the license has been made available on the website of the department. The office has informed the stakeholders to follow this rule from April 8 and to proceed with the written process only through the listed companies. It is expected that the compliance of this rule will help in controlling the fraud in real estate transactions and make the revenue system more systematic.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. The Land Reform and Land Revenue Office, Dilli Bazaar, has issued a new rule for real estate transactions of more than Rs 3 crore within the metropolitan city and sub-metropolitan city. According to the directive of the Department of Land Management and Records, from April 22, the purchase and sale of real estate withContinue reading “Real estate transactions above Rs 3 crore can now be done only through licensed companies”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":65598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129,147],"tags":[],"class_list":["post-70842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artha-khabar-business-en","category-samachar-en"],"acf":[],"jetpack_featured_media_url":"https:\/\/arthakhabar.com\/wp-content\/uploads\/2025\/11\/jagga.jpg","_links":{"self":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts\/70842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/comments?post=70842"}],"version-history":[{"count":1,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts\/70842\/revisions"}],"predecessor-version":[{"id":70843,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts\/70842\/revisions\/70843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/media\/65598"}],"wp:attachment":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/media?parent=70842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/categories?post=70842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/tags?post=70842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}