Kathmandu. Despite the lack of liquidity in banks and financial institutions, the real estate business has not been affected. Looking at the details of last month, is there any lack of liquidity in banks and financial institutions? It seems like a fact.
Although the Nepal Rastra Bank (NRB) has tightened its grip on real estate transactions through the mid-year review of the current fiscal year's monetary policy, it has not been found to be so. According to the Department of Land Management and Records, 74,036 instruments have been passed in March alone. The number of such houses and lands alone has increased to five thousand nine. According to the department, there are four thousand 539 on the amendment side, two thousand 693 on the former side, 36 thousand 572 on the real estate block and 24 thousand 749 on the Fukuwa side.
This fact seems to negate the fact that banks and financial institutions did not provide loans or transactions. According to the department, revenue of Rs. 6 billion 261.61 million has been collected from real estate transactions in March alone. Revenue of Rs. 3 billion 788.11 million 86 thousand 799 has been collected from the registration fee and Rs. 4 million 2 thousand 545 from the additional fee.