7th property expo to kick off on June 15The 7th edition of NLHDA Property Expo 2018 is scheduled to kick off on June 15 at Bhrikutimandap in Kathmandu.
The 7th edition of NLHDA Property Expo 2018 is scheduled to kick off on June 15 at Bhrikutimandap in Kathmandu.
The five-day expo is organised by Nepal Housing and Land Developers Association (NLHDA), the apex body of housing and land developers in Nepal.
The NLHDA Property Expo 2018 is a one-stop solution for the entire eco-system of housing and land development sector of Nepal. The focus for this year’s expo is the real estate market and home buyers in Nepal. The event will also focus on housing sectors such as commercial and business property, architecture, construction, building, engineering, habitat environment, the organiser said.
The NLHDA said that investment in housing accounts for 15-35 percent of the country’s total investment. It is estimated that more than Rs400 billion has now been invested in real estate.
After taking a big blow from the aftermath of 2015 earthquake, the housing market has rebounded and recorded steady growth ever since.
Industry experts agree that Kathmandu valley accounts for 42 percent of the organised real estate sector and that the present annual national demand for houses and apartments is around 140,000 units, whereas Nepal is only able to construct 25,000 units per year, the NLHDA said. “The real estate sector is recently thriving despite the steep rise in land prices, which has been increasing at 40 to 50 percent. The housing construction has been increasing by 20 to 30 percent annually.”
Increasing the number of municipalities from 58 in 2011 to 217 to 2016 has fuelled rapid growth of urbanisation. By 2023, 900,000 new construction projects will be required to meet the demand for 1,364,000 homes nationally, the NLHDA. “Thus, in this backdrop, NLHD Property Expo hopes to facilitate investment, production and transactions in the housing sector through interactions and networking.”
The NLHDA Property Expo will host about 150 exhibitors covering an exhibition area of about 6,000 sq-metres both indoors and outdoors.
The expo will be featuring various programmes to attract home buyers and consumers as well as business buyers of housing products and services.
The expo expects to attract more than 60,000 housing related business visitors and home buyers. It will bring together home buyers, land plot buyers; commercial premise buyers and tenants, real estate agents and brokers, engineers, architects, town planners, environment and landscape consultants.
Similarly, interior designers, renovation designers and contractors, building material suppliers and distributors, construction equipment producers and dealers, construction contractors and managers, builders and property developers, property and facility managers, plumbers, electricians and lighting professionals will gather in a single platform, the organiser said.