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English.MakaluKhabar.com Enewspolar
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Started 1 week ago · Updated 1 week ago

Nepal's Real Estate Revenue Surges to Over Rs 6.26 Billion in Baisakh

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Revenue from land and property transactions in Nepal increased to over Rs 6.26 billion in the Nepali month of Baisakh (mid-April to mid-May), a rise from the Rs 6.16 billion collected in the preceding month of Chaitra. This indicates a gradual improvement in the country's real estate market, according to the Department of Land Management and Archive.

  • The total revenue of Rs 6.26 billion collected in Baisakh comprised Rs 3.31 billion from registration fees, Rs 2.55 billion from capital gains tax, and Rs 344 million from service tax.
  • Revenue collection in Fagun (mid-February to mid-March) was over Rs 4.14 billion, which was lower than the more than Rs 5.99 billion collected in Magh (mid-January to mid-February).
  • The Gandaki Province government is preparing its budget for fiscal year 2083/4 with a ceiling of Rs 28.7056 billion, a decrease from previous years.
  • Lawmakers in Gandaki Province have expressed concerns about fiscal discipline and unrealistic budget sizes, suggesting the province's actual capacity is around Rs 22 to 23 billion.

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Department of Land Management and Achieve Gandaki Province Sudhir Kumar Poudel

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