Thank you so much ❤️ We went through your podcast several times during the research of this video. Even used audio from one of your podcast in the intro montage of this video. This is such a special moment for us...
@@TheNepaliComment I did realize I heard Dr. Manoj Shahi’s voice. I’ve been wondering about the real estate to avg GDP ratio (Nepal vs everywhere else) as well for years now. I also discussed with Dr Shahi on this exact issue post podcast and he said he wrote an article back in 2012 stating the same concerns. The kind of content you guys are producing is exactly what we need. Best wishes to you guys. Would love to see you guys hit that million mark soon. ❤️
people who make videos understand how much effort it takes to research, edit and produce this kind of video. Thank you brother for lifting the Nepali youtube standard.
A correction at 3:24 , the tax rate as mentioned in section 95Ka(5) of Income Tax Act, 2058 for advance tax collected by Land Revenue Office at the time of registration on capital gain earned from the disposal of land or private building of any individual has been changed by Finance Bill 2079/80. The new advance tax rate that the LRO will collect is 5% if the disposal was done after 5 years of purchase and 7.5% if the disposal was done within 5 years of purchase. Also one should understand that the tax rate mentioned in section 95Ka(5) of Income Tax Act, 2058 is of advance in nature. Which means if the disposal was done by a registered real estate agent, then he shall assess tax as per D03 return, which means he will be taxed @ 25% and the aforementioned advance tax can be reduced from his tax liability. In the same Finance Bill of 2079/80, there has been an added provision which states that real estate agents must register themselves in PAN and fulfill all obligations of a registered person.
the rates should be in accordance to the holding of land....(eg: 3 months: 50% 1yr:25% 2 yr:10% and so on), the real state is not share market....!! Everyone must acknowledge that.. And the payment of funds during the transaction of land should be done through government portals
He has just started and the growth is skyrocketing and i just think if he will continue posting and give consistency then no doubt he will gain million subs in 3 4 years. ALL THE BEST
Hello The Nepali Comment, I agree with the fact that there is a huge bubble in the real estate market(especially Kathmandu). I am also aware with the things you have stated in the video and read those articles few weeks back, but I don't feel the solution you are suggesting is practical. Many people have already invested in real estate and are already into this bubble. Restricting it now will only create more panic and will eventually lead to crash in the real estate industry. The categorization must be done as soon as possible to identify the potential and limitations of the land as the government suggests. The price of Durbar Marg being so high isn't a surprise cause land price definitely differs due to its significance. Even if you look abroad, people residing in New York or Mumbai won't go saying why can't I afford a land in Fifth Avenue or Altamount Road. There are certainly different property tax for expensive land in Nepal. Another thing I would like to add is, minimal property price for taxation and maximum property bar for taxation may be determined by the government, but the same land maybe offered 9 Cr by someone while some may won't be willing to pay even 1 Cr for that. It's all in the eyes of a buyer. (Although minimum tax according to area should be paid as mentioned in archives of Department of Land.)
I don't think you can compare what is happening in Nepal to what happened in 2008 in the US. Most loans in the US in 2008 were bad loans, with improper income verifications, very low downpayment requirements and variable interest rates. These loans were then packaged into derivatives like Mortgage Backed Securities and Collateral Debt Obligations which caused the impact of the housing bubble popping to be much greater than it would have been otherwise. In Nepal real estate is not highly leveraged in the first place. Additionally, banks should be able to easily recoup their investments on bad loans due to high downpayment requirements. Your suggestion of strictly zoning land for agricultural use will only increase housing prices. How will having less housing decrease housing prices? The only solution to this problem is that government should build more public housing like in Singapore. Satelittes towns like Banepa need to be better connected to Kathmandu with roads and public transit.
It's not his suggestion government le nai lyayeko Naya policy ho land use policy esle aba city areas ko real estate ko price jhanai hike grcha...ailesma kittakat Pani Banda thyo barsa ko 1 choti matra pauthyo Tara aba if the land is deemed to be "residental property" Kittkat Pani open huncha...
Exactly, his suggestion of segregating and strictly imposing land ownership to restrictive places makes no sense in this regard. However any solution to this problem is going to make this bubble burst. No matter what the government tries, people will, till the very last, hesitate to sell their land at a lower price. Many many will loose a lot in their investments and no one can do anything about it. Even if government tries to catch the perpetrators, the sheer amount of real estate agents will overwhelm the government security forces, their jails, courts, everything.
@@BlueWhiteWiper I will give you the full picture...4 5 years ago government le kittakat year ko 1 choti matra garnapauney vanera rule lyayo for immediate effect ani Naya land use policy lyaunako lagi study garera lyauney vaneykothiyo tespachi big real estate organization le desh vari paisa uthayeko thiyo khulamkhulla commission dinalai paila it even came out in media for safeguarding "agricultural land" governmentle law lyayeko thiyo Tara law ko loophole use vayera kittakat vaerakhyathyo ansabanda ko naamma esle Malpot ma paila Vanda dherai vrastachar Pani vayo tesaile pachi yo rule Sarkar le firta Pani liyo because of the pressure ani KP Oli sure hatcha vanney thaha vayeko Bela tyo transition periodma aba khaye Pani holan but adalat ma mudda Parera agriculture land kittakat nagarnu vanera adesh aayo tespachi government was forced to divide the land in different categories...hudahudai yo Naya government aayo it took 4 5 years to make the law ani aile in effect vayekocha land use policy...in effect Garda government le sabai kittakat rokera aba land use policy anusar non agricultural land pani plotting garna pauney tesma pani kati garna pauney vaneyko cha 4 aana jati...esle aba land categorization grney ani agriculture Ra non agriculture vanera divide grna local government lai diyiyeko cha...many local government inside KTM has said there is no agriculture land in their area...Malpot ma letter Pani pathayeko chhan...esle non residential or commercial land ko surely aba major city area ko value badaucha...feri change Pani garna paidaina Rey if it is considered one category but people want to change their category local dekhi Pradesh government sma process grna parcha Rey...aru big cities bahira ko local government le chahi agriculture land vanera rakhiraheko cha...mancheko residential need real estate unaffordable vayo price high vayo vanera Vanda Pani yo sabai agriculture land bachauney vanera matra lyayeko ho Jun adalat ma Pani mudda pareko le adalat le Pani aadesh diyekole badya vayera government le gareyko ho...
@@BlueWhiteWiper yo bubble nai haina burst hunalai paila Suru ta demand le nai back gariraheko cha ani arko Kura etro capitalisation vaisakeyko cha kehi garera esko disruption le economy ma naramro effect garcha...slowdown or fixed basna skcha Tara crash nai chai huna skdaina...dherai Manche ko dherai stake vayekole...for affordable housing high rise apartment Pani banauna diney rule lyayeko chha paila thiyena esle Pani land ko price badako ho...maile ta boom dekhdaichu aile KTM area ta vaihalyo ajha yo Vanda Ali bahira ko areama residential or commercial land grabbing huncha Jata pani...it's a once in a lifetime opportunity...if you got enough money...plus vrkhar ko citizenship bill le NRN harulai Pani investment grna diney vayeko chha...ani private organisations lai direct foreign bank bata Pani loan lyauna milney gari study vaerahekocha yo liquidity crisis le garera...all in all jati Nepal ma paisa thuprina parney ho thupreyko Pani chaina...hamro foreign loan dherai Kam cha...tesaile bubble nai haina yo...central major area ma price high matra ho yo Jun jatapani huncha...
I can imagine the homework behind this video…keep up the good work brother. Sad reality in every sector in Nepal. Bhrastachar ra anaitikta le desh dubcha chaadai.😥
Great Topic! The SKYROCKETING of land real estate price is a major issue in the country and if it goes on future generations are gonna have a hard time. Also the quest to buy a land and a house is the main reason many of us are leaving the country.
I have been working in UAE for past 5 years and want to buy house 🏠 in Nepal but what I found few years ago was discouraging. Price of Land is/was skyrocketing every year. I got no choice but to bought quick as possible and whatever land that could find in cheap price.
The type of content we Nepali need. Single Channel in the entire industry I have been following with the bell. Thank you. This feels like the Nepali version of Cold Fusion.
Amazing channel about the Reality of Nepal. Keep it Up! Nepal still has Huge chance (About Next 15, 20 years) of developing in proper and better way in many sectors.
Yeah there needs to be rule of law like in countries such as Australia everything should be systematic and well audited like land business then country will finally get the momentum and rise
@@sidchhetri9681 if we really want to make it happen we need to get a huge amount of financial assistance or loans from international banks...Srilanka jastai we have to take a shot at it... manpower Pani Bihar bata lyayera...because nobody is coming back on low pay...yo election Ra arko election ma Pani hamile visible results dekhna payenaum vaney which is very likely same shit will happen...kehi hudaina yo deshma...hamile hamro 3 decades hawama gumaisakyeum...abako 1 decade vitra kehi vayena vaney which is likely it's too little too late...aileko jstai survival nai huncha pachi pani...ani if we don't get developed by then pachi sabaijana elderly Huda hospital ma Pani manpower pugdaina aileko Japan herda huncha nurse haruko crisis huncha...aile po sabai dherai jaso youth cha matlab nai chaina Tara pachi elderly population dherai vayepachi yo aileko failed systemle sabailai daro backbite grcha...
Many thulobaas and bajes might already have started getting uneasy regarding your contents. I am sure you already have started diversifying your connections through collaborations, or at least thought of. To see unbiased knowledge base prevailing in Nepal for a very long time from now would be a wonderful gift. Best wishes!
There must be large taxes on real estate income for country like ours and low taxes with high subsidies on industry and manufacture. It transfers our income from a ungrowthful sector to a productive one.
We can't compete in international markets...kuro sajilo cha unproductive into productive vanera....but cost derai nai high cha yeha production ko lagi...viable nai chaina...taevayera trading business chalirahekocha...due to geography lack of infrastructures...Nepal ko hydropower sector le matra benefit dinasklan but tyo Pani transmission line ko avab le party politics le derai gaarocha aru industry thrive grna nai skdaina yeha because of our geography landlocked vayekole...imagine who would in their right mind import product from Nepal thru airway or land way...aile hamile oil transportation ma extra cost tiriraheko jasari k bideshile tirera kincha...it's not possible...there is a reason why we are underdeveloped yeha bright minds navayeko hoina...ani real estate matra credible or trustable sector vayekole esko price badeyko ho...due to open border we can't give Loans without collateral...so as a collateral yehi nai use huney vayekole eslai unproductive nai Vanna mildaina...sabaile yehi collateral rakhera schools hospitals business kholeykocha...large taxes on real estate will only push the prices...Nepal vitra matra consumption huney khalko industry Pani dherai cost auna pugcha feri quality Pani hudaina...
@@nimasherpa4848 hahah landlocked vaye ni majale export garna milxa ho bro india,china ani recently Bangladesh le naya port import export garna khulla garedeko xa nepal lai ani production cost ghatauna raw materials import garda tax ghataidyo vane vaihalxa ni tei mathi hamro xeu mai world ko emerging super power xan tya billions manxe baschan ani purchasing power ni dherai xa tyo vanda aru k chaiyo baru nefoli lai buddhi ko chai kami xa kaile pani manufacturing industry ma lagani gardaina sab le ki resort ki import based products matra bechxa aile nepal ma vako jati sabai manufacturing industry haru sab marwadi ko matra xa uni haru ni aile nepali nai ho tei pani hami haru le kaile pani productive huna sakenau tei vayera aile Nepal ko economy import based xa
@@forex2535 production garney manpower kaa bata aucha Vanya aayepni bahirako jasto salary dinasakidaina...tax kataye vaehalyo ni Vanna dherai sajilo cliché nai vaeskyo jun practically grda janai hamper grcha economy lai...hamro cost dherai nai aucha jasari garna khojeypani ajha quality ra efficiency ko issue Pani aaucha compete nai grna skdainau...port free nai gareypani hamile compete nai garna skdainau cost mathi cost cha...if it would have been viable sabai esaima lagthye...
@@nimasherpa4848 hahah bro Nepal ma manufacturing industry ma kam garne haru le mahina ko 30k plus kamauxa tyo vaneko khadi ma wa Malaysia ma kamaune jati ta honi ani hmale sabai kura haru production garne hoina ni k chai sabai vanda kam cost ma garna sakxa tyo herera garne ho jastai garment,ayurvedic medicine,agriculture products ani Nepal le china,india thuprai desh haru ma low custom duty ma saman export garna sakxam jasle garda aru products sanga competitive price nai hunxa
There are two reasons for sky-rocketing real estate prices in Nepal: (1) Just like there is land-ceiling in owning “agricultural” land in Nepal, there needs to be similar laws for owning non-agricultural land and housing in Nepal. (2) There is no proper rental-income act in Nepal, which gives security to tenants ( who live in rented rooms/apartments). Government has decided to penalize “bajo” agricultural land; this is absurd and stupid. Nepal has no defined agricultural land : what is agricultural land and what is non-agricultural land; government of Nepal does not know the classification of agricultural land. Government of Nepal should provide all-year round irrigation for “agricultural” land. Taxes on agricultural land should depend on existing irrigation. If government does not provide irrigation, the government has no right to classify such non-irrigated land as agricultural land. Nepal’s agricultural land& policy are fit only for medieval ancient times, they are not fit for encouraging farmers to engage in agricultural occupations.
It is coming... agriculture non agriculture vanera mangshir endsma categorise garna vanera direction aaisakeykocha...KTM ko Derai local government lai yo chuttauna vaneykocha ani deraile agriculture land chaina vanera already Malpot ma vanisakekocha....all in all esle aba major city or Kathmandu ko jaggako vau ajai badaucha...feri boom hudaicha...
What will happen if random nepali comment collabrate with each other? Dipesh dai from IT background and rastrya dai from law background, the joint venture will be next level ig
I got addicted to your content...no matter what you make I must have to watch it...your every video is just awesome with knowledge..mark my words this channel gonna be one of the top channel in Nepal in coming days
Unlike, 2008 housing bubble that was led onto due to haphazard lending of mortgage loans with improper verifications and financial derivatives backed on top of those mortgage loans which resulted in bad credit creating a sprial effect resulting in burst of bubble. Nepal's case is different as most of real estate transaction are "cash" backed requiring buyers to pay full amount in cash to sellers. It cannot be called "bubble" moreover due to large numbers of demands on centralized areas. A sudden fall in demand of these land may create obstruction to these sky rocketing prices but mind you these banks have strict mortgaging facilities which makes it more safer if prices were to fall. Is the prices high? "Yes" Is it a bubble? " No, not anytime soon"
Do you also have reference articles/materials to back up your comment? I am researching on the topic. Would be a big help if you can share them. Thanks in advance.
A bubble is when the exchange value of an asset is markedly more than its intrinsic value which being the case for housing market in most of the developing world. it needs constant backing of market demand other wise such bubble is going to pop. The actual pop itself may not be characterized by rapid landslide in market value if a value is held not backed by physical assets or a representation of such (cash). This is the case for nepali real estate. Now the moment any land reforms has to be made and it has to for any chance of development the cash held prices will come crumbling down. And it is the same reason that no land reforms of any worth will be passed in nepal and that is why nepal will never be developed.
Really great video; however, the USD conversion of land prices in Nepal is misleading. While you may get NPR 9 crores for a piece of land in Durbar Marg, there's practically no way for Nepali citizens to convert that amount of money to USD at the suggested exchange rate or anywhere close. It's also highly unlikely that any foreign entity would pay that USD amount for the land in question. If either of the above was easily possible, Nepal wouldn't be facing a forex reserves crunch as we speak.
Agreed 1 million %. There's not enough USD Reserves to back the total valuation of real estate here, which is the prime reason for the FX reserves depletion. Either valuation will be destroyed by international inflation or risk running the entire country into bankruptcy (running reserves into the ground).
I always used to think kasari chai nepal ma achanak etii mahango vo ghar jagga… life bhari ko kamai le pani afno lai syano ghar jagga kinna namilnee…. Thanks for this content !!!
Mero dai, you may be right about the bubble thing, but don't compare nepals real estate with real estate of US, Hongkok, or china, we don't even come close to them in terms of price. We don't even know whether the real estate doubles in price next year. But NRB has started tighter policies but the private sector is more positive than ever. I think real estate is not that expensive, because it may become more expensive in near future. We cannot predict it.
It is very cheap outside major city or capital you can't say it's in all over Nepal...sabailai eutai thauma gharjagga chaheypachi kina price rise hudaina...imagine gharjagga ko price durbargmarg ma aanako 1 lakh vayo Rey which is impossible tyo Huda sabaile kinna skcha tesko value hudaina sabaile kinna nasakney Huda nai tesko value aaucha ra price market le nai decide gareyko huncha jaha pani...this is not a "bubble" salary Pani nepalma raheko nepaliko herera hunna derai bahira chhan .. hamro economy ko bubble pop hunalai remittance Banda hunaparcha deshma which is impossible it's not a bubble bahirajsto purai mortgage based real estate Pani haina yeha deshko 80 percent economy informal cha praya jaso remittance bata kiniraheko huncha...it's not just in Nepal everywhere in the world major area ma price high nai huncha...it's basic demand supply...We can't go back etro capitalisation vaisakeyko cha our whole economy is sitting on real estate because project based loans ma derai fraud vayekole loan liyera India vagdeykole pahilako government le real estate based loans lyayeko ho because land ta kasaile liyera vagna skdaina...tesaile ho...kehi garera real estate ma naramro effect vayo vaney hamro economy nai collapse huncha...everything from hospitals to schools to colleges to small large business is running because of real estate backed loans...real estate ma Pani bahirako jsto reits jsto lyayo vaney kehi hadsma sabaile afford garna skla but as a collateral nai yo change hunaparcha Vannu chai foolishness ho...in a way price hike ko kuro tesaima jodincha... Collateral navayeko vaye huney vanera... gharjagga collateral rakhna napauney vanyo vaney aaja ko bholi Srilanka huncha desh 😂😂😂 nahuney kuro...who would want that I guess certainly not the politicians...Tara k berr yo issue Pani aucha jsto lairacha...kamauneyle kamaiskyo Tara effect tehi Manche jsle yo ghatnuparcha vancha tesailai huncha lastma...game is rigged...
Understandable tara yo chiz lai yetikai bubble vanna mildaina bro. 2008 ko financial crisis was because of housing but kasto prakar le vako ho tyo pani bujam paila. 2008 ma USA ma bank ani credit houses haru le manche ko kunai pani background nagerikana home loan dine kaaam vayeko ho, ani tyee home lai dhito ma rakhera aru chizz ko ko pani credit diyeko ho. USA vaneko credit ma chalne desh ho, jaha credit score nai manche ko financial identity cha. Yes yo nepal ma realestate ekdamai mahango cha and yesle nepal ko economy ni slow garcha tara economy mero hisab ma chai dubdaina because of this. Baru Nepal ma aru dherai esto factors haru chan josle chai hamro individual growth rokirako cha, tyo chai k hola vanera ekchoti tyesko barema research garera euta video banam bro. Indept research garnu hola and as always great video.
I watch nepli videos to improve my nepali but i think im in love with ur video ur superb bro. Watching ur videos means i m going to gain lots of knowledge.
when i look at condition of our country, esto frustration and depression huncha i can't even talk about it. either its education, politics, health or law or governmental works or anything, everything is unbalanced.
आम मानिसलाई कसरी असर गर्छ भन्दा जब बैकले धेरै पैसा घर जग्गामा लगानी गर्छ र एक दिन त्यो मुल्य यतिधेरै हुन्छ की मानिसले घर जग्गा किन्न सकैदैन अनी बैक हरुले आफ्नो लगानी उठाउन सक्दैनने र ढुबछन साथमा बैकमा पैसा जम्मा गरेका आम मानिसको पैसा पनी ढुब्छ
i am not an economist. Real estate sector is never called an industry. It does not contribute to GDP. It does not add value to local currency. Its an earning to an individual. Some facts we can add is maal adda passes the property is less valuation after settling up with buyer seller off the book and some amount to the officer. This takes away taxes. There r lots of rental property who avoid big taxes by logging rent as 30k but its 100k. That way they avoid the taxes. Its a good video. I wish the segment wud also hv dispositions on how to improve it too. Nonetheless, I always eager to watch new video from the channel. Jai Nepal!!
Thank you Dipesh bhai for your hard work to give us this kinda hidden information. I know it takes a lot of research to make one informative video like this. Best of luck for your future videos👍👏🙂
Capital gains tax is not only for land but ALL forms of assets such as stocks and business investments. If you increase it, you wont only discourage investment in land but also business. And I personally don't see anything wrong with investing in real estate. The reason behind the increase in real estate prices is simple: high demand, limited supply. Basic economics.
Capital gain tax is levied on Non business asset only.. not for stock.. Capital gain tax rate is different in land and investment. Real state n investment co lai Matra ho Aaru business garni lai tw k garo Nai hunna ni..
My fav channel in Nepali UA-cam!
Mine also
Thank you so much ❤️ We went through your podcast several times during the research of this video. Even used audio from one of your podcast in the intro montage of this video. This is such a special moment for us...
@@TheNepaliComment I did realize I heard Dr. Manoj Shahi’s voice. I’ve been wondering about the real estate to avg GDP ratio (Nepal vs everywhere else) as well for years now. I also discussed with Dr Shahi on this exact issue post podcast and he said he wrote an article back in 2012 stating the same concerns.
The kind of content you guys are producing is exactly what we need.
Best wishes to you guys. Would love to see you guys hit that million mark soon. ❤️
Class recognize class! 👏
mine too
both of you
people who make videos understand how much effort it takes to research, edit and produce this kind of video. Thank you brother for lifting the Nepali youtube standard.
A correction at 3:24 , the tax rate as mentioned in section 95Ka(5) of Income Tax Act, 2058 for advance tax collected by Land Revenue Office at the time of registration on capital gain earned from the disposal of land or private building of any individual has been changed by Finance Bill 2079/80. The new advance tax rate that the LRO will collect is 5% if the disposal was done after 5 years of purchase and 7.5% if the disposal was done within 5 years of purchase.
Also one should understand that the tax rate mentioned in section 95Ka(5) of Income Tax Act, 2058 is of advance in nature. Which means if the disposal was done by a registered real estate agent, then he shall assess tax as per D03 return, which means he will be taxed @ 25% and the aforementioned advance tax can be reduced from his tax liability.
In the same Finance Bill of 2079/80, there has been an added provision which states that real estate agents must register themselves in PAN and fulfill all obligations of a registered person.
the rates should be in accordance to the holding of land....(eg: 3 months: 50% 1yr:25% 2 yr:10% and so on), the real state is not share market....!! Everyone must acknowledge that..
And the payment of funds during the transaction of land should be done through government portals
Bro... is gonna be the no.1 youtuber of nepal love his contents❤
He has just started and the growth is skyrocketing and i just think if he will continue posting and give consistency then no doubt he will gain million subs in 3 4 years. ALL THE BEST
🗿
1 year Mai pugx
Hello The Nepali Comment,
I agree with the fact that there is a huge bubble in the real estate market(especially Kathmandu). I am also aware with the things you have stated in the video and read those articles few weeks back, but I don't feel the solution you are suggesting is practical.
Many people have already invested in real estate and are already into this bubble. Restricting it now will only create more panic and will eventually lead to crash in the real estate industry. The categorization must be done as soon as possible to identify the potential and limitations of the land as the government suggests.
The price of Durbar Marg being so high isn't a surprise cause land price definitely differs due to its significance. Even if you look abroad, people residing in New York or Mumbai won't go saying why can't I afford a land in Fifth Avenue or Altamount Road. There are certainly different property tax for expensive land in Nepal. Another thing I would like to add is, minimal property price for taxation and maximum property bar for taxation may be determined by the government, but the same land maybe offered 9 Cr by someone while some may won't be willing to pay even 1 Cr for that. It's all in the eyes of a buyer. (Although minimum tax according to area should be paid as mentioned in archives of Department of Land.)
Majority of Those already owning land are long time investors who aren't selling anytime soon . A crash wouldn't necessarily be a bad thing
I don't think you can compare what is happening in Nepal to what happened in 2008 in the US. Most loans in the US in 2008 were bad loans, with improper income verifications, very low downpayment requirements and variable interest rates. These loans were then packaged into derivatives like Mortgage Backed Securities and Collateral Debt Obligations which caused the impact of the housing bubble popping to be much greater than it would have been otherwise. In Nepal real estate is not highly leveraged in the first place. Additionally, banks should be able to easily recoup their investments on bad loans due to high downpayment requirements.
Your suggestion of strictly zoning land for agricultural use will only increase housing prices. How will having less housing decrease housing prices? The only solution to this problem is that government should build more public housing like in Singapore. Satelittes towns like Banepa need to be better connected to Kathmandu with roads and public transit.
It's not his suggestion government le nai lyayeko Naya policy ho land use policy esle aba city areas ko real estate ko price jhanai hike grcha...ailesma kittakat Pani Banda thyo barsa ko 1 choti matra pauthyo Tara aba if the land is deemed to be "residental property" Kittkat Pani open huncha...
Exactly, his suggestion of segregating and strictly imposing land ownership to restrictive places makes no sense in this regard.
However any solution to this problem is going to make this bubble burst. No matter what the government tries, people will, till the very last, hesitate to sell their land at a lower price. Many many will loose a lot in their investments and no one can do anything about it. Even if government tries to catch the perpetrators, the sheer amount of real estate agents will overwhelm the government security forces, their jails, courts, everything.
@@BlueWhiteWiper I will give you the full picture...4 5 years ago government le kittakat year ko 1 choti matra garnapauney vanera rule lyayo for immediate effect ani Naya land use policy lyaunako lagi study garera lyauney vaneykothiyo tespachi big real estate organization le desh vari paisa uthayeko thiyo khulamkhulla commission dinalai paila it even came out in media for safeguarding "agricultural land" governmentle law lyayeko thiyo Tara law ko loophole use vayera kittakat vaerakhyathyo ansabanda ko naamma esle Malpot ma paila Vanda dherai vrastachar Pani vayo tesaile pachi yo rule Sarkar le firta Pani liyo because of the pressure ani KP Oli sure hatcha vanney thaha vayeko Bela tyo transition periodma aba khaye Pani holan but adalat ma mudda Parera agriculture land kittakat nagarnu vanera adesh aayo tespachi government was forced to divide the land in different categories...hudahudai yo Naya government aayo it took 4 5 years to make the law ani aile in effect vayekocha land use policy...in effect Garda government le sabai kittakat rokera aba land use policy anusar non agricultural land pani plotting garna pauney tesma pani kati garna pauney vaneyko cha 4 aana jati...esle aba land categorization grney ani agriculture Ra non agriculture vanera divide grna local government lai diyiyeko cha...many local government inside KTM has said there is no agriculture land in their area...Malpot ma letter Pani pathayeko chhan...esle non residential or commercial land ko surely aba major city area ko value badaucha...feri change Pani garna paidaina Rey if it is considered one category but people want to change their category local dekhi Pradesh government sma process grna parcha Rey...aru big cities bahira ko local government le chahi agriculture land vanera rakhiraheko cha...mancheko residential need real estate unaffordable vayo price high vayo vanera Vanda Pani yo sabai agriculture land bachauney vanera matra lyayeko ho Jun adalat ma Pani mudda pareko le adalat le Pani aadesh diyekole badya vayera government le gareyko ho...
@@BlueWhiteWiper yo bubble nai haina burst hunalai paila Suru ta demand le nai back gariraheko cha ani arko Kura etro capitalisation vaisakeyko cha kehi garera esko disruption le economy ma naramro effect garcha...slowdown or fixed basna skcha Tara crash nai chai huna skdaina...dherai Manche ko dherai stake vayekole...for affordable housing high rise apartment Pani banauna diney rule lyayeko chha paila thiyena esle Pani land ko price badako ho...maile ta boom dekhdaichu aile KTM area ta vaihalyo ajha yo Vanda Ali bahira ko areama residential or commercial land grabbing huncha Jata pani...it's a once in a lifetime opportunity...if you got enough money...plus vrkhar ko citizenship bill le NRN harulai Pani investment grna diney vayeko chha...ani private organisations lai direct foreign bank bata Pani loan lyauna milney gari study vaerahekocha yo liquidity crisis le garera...all in all jati Nepal ma paisa thuprina parney ho thupreyko Pani chaina...hamro foreign loan dherai Kam cha...tesaile bubble nai haina yo...central major area ma price high matra ho yo Jun jatapani huncha...
I can imagine the homework behind this video…keep up the good work brother. Sad reality in every sector in Nepal. Bhrastachar ra anaitikta le desh dubcha chaadai.😥
Great Topic!
The SKYROCKETING of land real estate price is a major issue in the country and if it goes on future generations are gonna have a hard time. Also the quest to buy a land and a house is the main reason many of us are leaving the country.
Tei tw ho proportional development navayesi. Eutai thau ma xa bhako nabhako infrastructure
Babe...The Nepali Comment posted
Random nepal.
I have been working in UAE for past 5 years and want to buy house 🏠 in Nepal but what I found few years ago was discouraging. Price of Land is/was skyrocketing every year. I got no choice but to bought quick as possible and whatever land that could find in cheap price.
Very good information 👍thank so much brother 😘👍🙏 I’m watching from Uae 🇦🇪
Dear The Nepali Comment,
Hajur ko videos ekdam informative hunxa. Hajur ekdamai easy and short way ma every topic clear garnuhunxa. Proud to have you.
Thank you so much 🙂
I found this channel more informative thar my whole school career
Nice to have a nepali youtube channel providing info on these issue.
The only channel I trust in Nepal is “Bishwo ghatana” and this channel “The Nepali Comment”
Same 😊
Same
same
In-depth story Ra misguided Nepal pani
Bishops ghatana is so Russia biased.
The type of content we Nepali need. Single Channel in the entire industry I have been following with the bell. Thank you. This feels like the Nepali version of Cold Fusion.
Amazing channel about the Reality of Nepal. Keep it Up!
Nepal still has Huge chance (About Next 15, 20 years) of developing in proper and better way in many sectors.
Yeah there needs to be rule of law like in countries such as Australia everything should be systematic and well audited like land business then country will finally get the momentum and rise
It's too late...
@@nimasherpa4848 it's never late, infact I would argue in coming days many sectors can improve with growing South Asia.
@@sidchhetri9681 if we really want to make it happen we need to get a huge amount of financial assistance or loans from international banks...Srilanka jastai we have to take a shot at it... manpower Pani Bihar bata lyayera...because nobody is coming back on low pay...yo election Ra arko election ma Pani hamile visible results dekhna payenaum vaney which is very likely same shit will happen...kehi hudaina yo deshma...hamile hamro 3 decades hawama gumaisakyeum...abako 1 decade vitra kehi vayena vaney which is likely it's too little too late...aileko jstai survival nai huncha pachi pani...ani if we don't get developed by then pachi sabaijana elderly Huda hospital ma Pani manpower pugdaina aileko Japan herda huncha nurse haruko crisis huncha...aile po sabai dherai jaso youth cha matlab nai chaina Tara pachi elderly population dherai vayepachi yo aileko failed systemle sabailai daro backbite grcha...
Much love and respect to you brother for your work and research!
Many thulobaas and bajes might already have started getting uneasy regarding your contents. I am sure you already have started diversifying your connections through collaborations, or at least thought of. To see unbiased knowledge base prevailing in Nepal for a very long time from now would be a wonderful gift. Best wishes!
The content he is giving is what we want from any Nepal UA-camr ,....
Finally nepal ma pani, informative channel start garnu vayo. Big fan dai..
One of the best youtube channel there is. The quality and the research and narration is great. Even the editing seems to have been improved.
Ekdam ramro sang clearify garnu vayo Dai ❤
Hal Malesiya bat herdai chhu Hajur ko Big #FÄÑ❤❤
Yet another with the best content! ♥️
This is the kind of content i like and when i can get this in my own native language i don't need anything more.
There must be large taxes on real estate income for country like ours and low taxes with high subsidies on industry and manufacture. It transfers our income from a ungrowthful sector to a productive one.
We can't compete in international markets...kuro sajilo cha unproductive into productive vanera....but cost derai nai high cha yeha production ko lagi...viable nai chaina...taevayera trading business chalirahekocha...due to geography lack of infrastructures...Nepal ko hydropower sector le matra benefit dinasklan but tyo Pani transmission line ko avab le party politics le derai gaarocha aru industry thrive grna nai skdaina yeha because of our geography landlocked vayekole...imagine who would in their right mind import product from Nepal thru airway or land way...aile hamile oil transportation ma extra cost tiriraheko jasari k bideshile tirera kincha...it's not possible...there is a reason why we are underdeveloped yeha bright minds navayeko hoina...ani real estate matra credible or trustable sector vayekole esko price badeyko ho...due to open border we can't give Loans without collateral...so as a collateral yehi nai use huney vayekole eslai unproductive nai Vanna mildaina...sabaile yehi collateral rakhera schools hospitals business kholeykocha...large taxes on real estate will only push the prices...Nepal vitra matra consumption huney khalko industry Pani dherai cost auna pugcha feri quality Pani hudaina...
assuming the money doesn't end up in politician/govt official's pocket, well wrong assumption
@@nimasherpa4848 hahah landlocked vaye ni majale export garna milxa ho bro india,china ani recently Bangladesh le naya port import export garna khulla garedeko xa nepal lai ani production cost ghatauna raw materials import garda tax ghataidyo vane vaihalxa ni tei mathi hamro xeu mai world ko emerging super power xan tya billions manxe baschan ani purchasing power ni dherai xa tyo vanda aru k chaiyo baru nefoli lai buddhi ko chai kami xa kaile pani manufacturing industry ma lagani gardaina sab le ki resort ki import based products matra bechxa aile nepal ma vako jati sabai manufacturing industry haru sab marwadi ko matra xa uni haru ni aile nepali nai ho tei pani hami haru le kaile pani productive huna sakenau tei vayera aile Nepal ko economy import based xa
@@forex2535 production garney manpower kaa bata aucha Vanya aayepni bahirako jasto salary dinasakidaina...tax kataye vaehalyo ni Vanna dherai sajilo cliché nai vaeskyo jun practically grda janai hamper grcha economy lai...hamro cost dherai nai aucha jasari garna khojeypani ajha quality ra efficiency ko issue Pani aaucha compete nai grna skdainau...port free nai gareypani hamile compete nai garna skdainau cost mathi cost cha...if it would have been viable sabai esaima lagthye...
@@nimasherpa4848 hahah bro Nepal ma manufacturing industry ma kam garne haru le mahina ko 30k plus kamauxa tyo vaneko khadi ma wa Malaysia ma kamaune jati ta honi ani hmale sabai kura haru production garne hoina ni k chai sabai vanda kam cost ma garna sakxa tyo herera garne ho jastai garment,ayurvedic medicine,agriculture products ani Nepal le china,india thuprai desh haru ma low custom duty ma saman export garna sakxam jasle garda aru products sanga competitive price nai hunxa
This man is real content creator . Thank you bro
Content Ekdaam Vayenkhar xa Guru ❤️✊✊🇳🇵
There are two reasons for sky-rocketing real estate prices in Nepal: (1) Just like there is land-ceiling in owning “agricultural” land in Nepal, there needs to be similar laws for owning non-agricultural land and housing in Nepal. (2) There is no proper rental-income act in Nepal, which gives security to tenants ( who live in rented rooms/apartments).
Government has decided to penalize “bajo” agricultural land; this is absurd and stupid. Nepal has no defined agricultural land : what is agricultural land and what is non-agricultural land; government of Nepal does not know the classification of agricultural land. Government of Nepal should provide all-year round irrigation for “agricultural” land. Taxes on agricultural land should depend on existing irrigation.
If government does not provide irrigation, the government has no right to classify such non-irrigated land as agricultural land. Nepal’s agricultural land& policy are fit only for medieval ancient times, they are not fit for encouraging farmers to engage in agricultural occupations.
It is coming... agriculture non agriculture vanera mangshir endsma categorise garna vanera direction aaisakeykocha...KTM ko
Derai local government lai yo chuttauna vaneykocha ani deraile agriculture land chaina vanera already Malpot ma vanisakekocha....all in all esle aba major city or Kathmandu ko jaggako vau ajai badaucha...feri boom hudaicha...
What will happen if random nepali comment collabrate with each other? Dipesh dai from IT background and rastrya dai from law background, the joint venture will be next level ig
I won't say when, but it might happen soon
@@TheNepaliComment we are eagerly waiting dai 🙏
I got addicted to your content...no matter what you make I must have to watch it...your every video is just awesome with knowledge..mark my words this channel gonna be one of the top channel in Nepal in coming days
Unlike, 2008 housing bubble that was led onto due to haphazard lending of mortgage loans with improper verifications and financial derivatives backed on top of those mortgage loans which resulted in bad credit creating a sprial effect resulting in burst of bubble.
Nepal's case is different as most of real estate transaction are "cash" backed requiring buyers to pay full amount in cash to sellers. It cannot be called "bubble" moreover due to large numbers of demands on centralized areas. A sudden fall in demand of these land may create obstruction to these sky rocketing prices but mind you these banks have strict mortgaging facilities which makes it more safer if prices were to fall.
Is the prices high? "Yes"
Is it a bubble? " No, not anytime soon"
Do you also have reference articles/materials to back up your comment?
I am researching on the topic. Would be a big help if you can share them.
Thanks in advance.
A bubble is when the exchange value of an asset is markedly more than its intrinsic value which being the case for housing market in most of the developing world. it needs constant backing of market demand other wise such bubble is going to pop. The actual pop itself may not be characterized by rapid landslide in market value if a value is held not backed by physical assets or a representation of such (cash). This is the case for nepali real estate. Now the moment any land reforms has to be made and it has to for any chance of development the cash held prices will come crumbling down. And it is the same reason that no land reforms of any worth will be passed in nepal and that is why nepal will never be developed.
Best nepali UA-cam channel at the moment keep up the good work👏👏
Deep & relatable analysis ALL nepalese should watch & analyze.🤔
Great job. Love the way you have a neutral tone; a major concern for me across Nepalese UA-cam channels is the overdramatic tone.
One of my fav youtube channel. Very informative
येस्तो कुरा कस्ले सुनिदिने❤️❤️
I imagine when this bubble blast evry person cry for this business and also there is no place to agricultural land i feel so bad...
Yo video trending ma janu paryoo bbbal research and quality content going great brother
By the time this channel will become one of the most subscribed channel in Nepal ❤️
one of the best channel of nepal
Ekdum ramro lekh ani hajur le vannu vako ekdum thik xaa. Thank you.
One of the best UA-cam creator .
Damn... "The Nepali Content" rakhda sahi jhan...Babaal content bro.🔥
This guy is gold.. My fav. source of knowledge already.. Best wishes
OLD IS GOLD & YONG IS CHILL
अनि हामी चैइ फिल्लमा, मुख खोल्दा पोल्छ।
Really great video; however, the USD conversion of land prices in Nepal is misleading. While you may get NPR 9 crores for a piece of land in Durbar Marg, there's practically no way for Nepali citizens to convert that amount of money to USD at the suggested exchange rate or anywhere close. It's also highly unlikely that any foreign entity would pay that USD amount for the land in question. If either of the above was easily possible, Nepal wouldn't be facing a forex reserves crunch as we speak.
Agreed 1 million %. There's not enough USD Reserves to back the total valuation of real estate here, which is the prime reason for the FX reserves depletion. Either valuation will be destroyed by international inflation or risk running the entire country into bankruptcy (running reserves into the ground).
Your research and edit both are amazing 🙂
Best channel for knowledge
Love from koholpur
Most underrated channel.❤
Hats Off Brother 🙏🙏❤️VIP Content In The HISTORY OF NEPAL
I always used to think kasari chai nepal ma achanak etii mahango vo ghar jagga… life bhari ko kamai le pani afno lai syano ghar jagga kinna namilnee…. Thanks for this content !!!
Mind blowing video again bro. No words. Love all of your contents
The ONLY Nepali Channel tbh
Best content creator keep going bro ❤️
Mero dai, you may be right about the bubble thing, but don't compare nepals real estate with real estate of US, Hongkok, or china, we don't even come close to them in terms of price. We don't even know whether the real estate doubles in price next year. But NRB has started tighter policies but the private sector is more positive than ever. I think real estate is not that expensive, because it may become more expensive in near future. We cannot predict it.
Dipesh dai bata arko banger
Good job dai I hope this reaches to more and more people so they understand about the problem
Keep creating awesome content & research like this bro! Starting from the bottom. Keep it going.
Great as always!
This is so informative. and to see the channel grow everyday just makes me so much happy
Such a amazing research😍
My favorite youtube channel….. best wise daju🙏🙏
Bitter truth
love the way you explain
Decentralisation garnu parcha.. ani demand of house decrease huncha...
I’m fan of how he gathers information and dissect the topic.
Best UA-cam Channel .
Keep it up brother....
Your CONTENT is always highly researched and Factual...
Your presentation in also simple and catchy...
Informative content as always. Waiting for the next one...
It is very cheap outside major city or capital you can't say it's in all over Nepal...sabailai eutai thauma gharjagga chaheypachi kina price rise hudaina...imagine gharjagga ko price durbargmarg ma aanako 1 lakh vayo Rey which is impossible tyo Huda sabaile kinna skcha tesko value hudaina sabaile kinna nasakney Huda nai tesko value aaucha ra price market le nai decide gareyko huncha jaha pani...this is not a "bubble" salary Pani nepalma raheko nepaliko herera hunna derai bahira chhan
.. hamro economy ko bubble pop hunalai remittance Banda hunaparcha deshma which is impossible it's not a bubble bahirajsto purai mortgage based real estate Pani haina yeha deshko 80 percent economy informal cha praya jaso remittance bata kiniraheko huncha...it's not just in Nepal everywhere in the world major area ma price high nai huncha...it's basic demand supply...We can't go back etro capitalisation vaisakeyko cha our whole economy is sitting on real estate because project based loans ma derai fraud vayekole loan liyera India vagdeykole pahilako government le real estate based loans lyayeko ho because land ta kasaile liyera vagna skdaina...tesaile ho...kehi garera real estate ma naramro effect vayo vaney hamro economy nai collapse huncha...everything from hospitals to schools to colleges to small large business is running because of real estate backed loans...real estate ma Pani bahirako jsto reits jsto lyayo vaney kehi hadsma sabaile afford garna skla but as a collateral nai yo change hunaparcha Vannu chai foolishness ho...in a way price hike ko kuro tesaima jodincha... Collateral navayeko vaye huney vanera... gharjagga collateral rakhna napauney vanyo vaney aaja ko bholi Srilanka huncha desh 😂😂😂 nahuney kuro...who would want that I guess certainly not the politicians...Tara k berr yo issue Pani aucha jsto lairacha...kamauneyle kamaiskyo Tara effect tehi Manche jsle yo ghatnuparcha vancha tesailai huncha lastma...game is rigged...
India ma Think School, Nepal ma The Nepali Comment, doing great job!
thanks bhai u r the great, another burning topic. like it. good luck👍👍👏👏.
Your content delivery is way too good bro. Keep uploading.
Understandable tara yo chiz lai yetikai bubble vanna mildaina bro. 2008 ko financial crisis was because of housing but kasto prakar le vako ho tyo pani bujam paila. 2008 ma USA ma bank ani credit houses haru le manche ko kunai pani background nagerikana home loan dine kaaam vayeko ho, ani tyee home lai dhito ma rakhera aru chizz ko ko pani credit diyeko ho. USA vaneko credit ma chalne desh ho, jaha credit score nai manche ko financial identity cha. Yes yo nepal ma realestate ekdamai mahango cha and yesle nepal ko economy ni slow garcha tara economy mero hisab ma chai dubdaina because of this. Baru Nepal ma aru dherai esto factors haru chan josle chai hamro individual growth rokirako cha, tyo chai k hola vanera ekchoti tyesko barema research garera euta video banam bro. Indept research garnu hola and as always great video.
Ramro lagyo bhai....keep on.
I watch nepli videos to improve my nepali but i think im in love with ur video ur superb bro. Watching ur videos means i m going to gain lots of knowledge.
Yes, I agree too yo realestate bubble le hamlai china ma ako jastai problem nimtyauna khojiraxa. And it is harmful for our economy.
Excellent Presentation 🩸❣️
Very nice content bro. I really like it when people make contents based on facts and numbers..
when i look at condition of our country, esto frustration and depression huncha i can't even talk about it. either its education, politics, health or law or governmental works or anything, everything is unbalanced.
These type of good contents must be prioritized.
government just noticed ,and tax has been now increased to 7.5% from new fiscal year
My favourite channel of 🇳🇵 🙏💯
The favourite random Nepali channel,one n r show,bishow ghatana,the Nepali comment👍👍👍👍
Khatra xa dai? WOW!!
Yu have been doing great job. Keep going.
Video is very nice, but jagga ko ajkal digital entry chai garna thalechha, system ma entry gareko dekhirathe
You will gone be rock brother just wait for your time.
Very good information
Salute bro
Young generation
आम मानिसलाई कसरी असर गर्छ भन्दा जब बैकले धेरै पैसा घर जग्गामा लगानी गर्छ र एक दिन त्यो मुल्य यतिधेरै हुन्छ की मानिसले घर जग्गा किन्न सकैदैन अनी बैक हरुले आफ्नो लगानी उठाउन सक्दैनने र ढुबछन साथमा बैकमा पैसा जम्मा गरेका आम मानिसको पैसा पनी ढुब्छ
i am not an economist. Real estate sector is never called an industry. It does not contribute to GDP. It does not add value to local currency. Its an earning to an individual.
Some facts we can add is maal adda passes the property is less valuation after settling up with buyer seller off the book and some amount to the officer. This takes away taxes.
There r lots of rental property who avoid big taxes by logging rent as 30k but its 100k. That way they avoid the taxes.
Its a good video. I wish the segment wud also hv dispositions on how to improve it too.
Nonetheless, I always eager to watch new video from the channel.
Jai Nepal!!
Thank you Dipesh bhai for your hard work to give us this kinda hidden information. I know it takes a lot of research to make one informative video like this. Best of luck for your future videos👍👏🙂
make video on balen and harka about garbage
nice & easy to understand analysis!
Good content bro yo light up the things that noone had idea and concern about good job
Thanks, Dipesh!
It was such an informative video!
Very informative channel 👊 thanks
Capital gains tax is not only for land but ALL forms of assets such as stocks and business investments. If you increase it, you wont only discourage investment in land but also business.
And I personally don't see anything wrong with investing in real estate. The reason behind the increase in real estate prices is simple: high demand, limited supply. Basic economics.
Capital gain tax is levied on Non business asset only.. not for stock.. Capital gain tax rate is different in land and investment. Real state n investment co lai Matra ho
Aaru business garni lai tw k garo Nai hunna ni..
Thanku Sir for those information. Kep it on sir
Waiting for next sir G❤❤❤
Good topic much needed