Tuesday, May 22, 2018

7th property expo to kick off on June 15

The 7th edition of NLHDA Property Expo 2018 is going to kick off on June 15 at Bhrikutimandap in Kathmandu.
The five-day expo organised by Nepal Housing and Land Developers Association (NLHDA) – the apex body of housing and land developers in Nepal – is a one-stop solution for the entire eco-system of housing and land development sector. The event will also focus on housing sectors including commercial and business property, architecture, construction, building, engineering, habitat environment, said the organiser that is focusing on real estate market and home buyers.
The association said that investment in housing accounts for 15 per cent to 35 per cent of the country’s total investment. It is also estimated that more than Rs 400 billion has now been invested in real estate. But the housing market has suffered a lot after the devastating earthquake in 2015.
By 2023, 900,000 new construction projects will be required to meet the demand for 1,364,000 homes nationally, the association claimed, adding that Increasing the number of municipalities from 58 in 2011 to 217 to 2016 has fuelled rapid growth of urbanisation. "Industry experts agree that Kathmandu valley accounts for 42 per cent 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 housing construction has been increasing by 20 per cent to 30 per cent annually."
The Property Expo will host about 150 exhibitors covering an exhibition area of about 6,000 sq-metres both indoors and outdoors.
The expo 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.

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