NLHDF welcomes ninth amendment to Land-Related Ordinance

Kathmandu, Nov 28: The Nepal Land and Housing Developers Federation has expressed confidence that the ninth amendment to the Land-Related Ordinance is capable of contributing to reviving the country’s slowing economy.In a statement today, Federation President Bishnu Prasad Ghimire thanked the government for endorsing the amendment through the Council of Ministers and forwarding it to the President for authentication.The Federation said the ordinance, once issued, would relieve entrepreneurs who have long struggled due to land-ceiling restrictions. Ghimire added it will allow the sale of stalled housing and apartment projects, enabling buyers to register properties and obtain official land ownership certificates.The...