Onlinekhabar
February 23, 2021
A land piece split into different plots. RSS/File
It has been a long time since the buying and selling of real estate between individuals started in Nepal. However, it has been only about three decades since this sector has evolved as a business industry.
Who started this, when, how and for what purpose? Let’s get into the details of the history of the real estate business in Nepal.
1. Land within the ambit of law
As mentioned by the Department of Land Management and Archive, in the Muluki Ain issued in 1853/54 under the Prime Minister Junga Bahadur Rana, there were provisions about renting land and related affairs.