Rusha Thapa_________________

Bhaktapur. There are news about real estate being sold at very cheap prices in social media, newspapers etc. Real estate traders and brokers also say that the price of real estate has decreased significantly. It is said that the land that was bought five years ago for 2.5 million to 20 million depending on the location is now not sold even for less than half of that price. 

The real estate prices were artificially increased by the land mafia. They used dozers after buying arable land for 5-10,000 rupees. And, after breaking it into pieces, sold it for millions and millions of Anakai. One plant has 16 annas of land. Arable land is already finished with the government, Guthi, Ilani, more restrictions? Forests, monasteries and other lands were also registered and taken away.

They did not leave the palace, the well, the pond, the lake, the royal family, the patipauwa, the chautari, the well, the river channel. There are many reasons for the fall in real estate prices. If the price is artificial, the reason for the fall in the price is the lack of credit. 95 percent of common people have invested in real estate by taking loans from banks and financial institutions. One person has taken crores of loans. Here, one person has two to 68 houses. The land is the same. 

People took loans and invested in real estate. However, it was as if the elders said that debt is evil, the crop under the tree will never grow, and the borrower will never stand up. To make quick profit, people took loans and bought or built real estate. Banks and financial institutions also blindly invested in this sector by taking bribes. Now the common people and banks and financial institutions have reached a situation where they have to flee.

Most of the people raised their hands when they could not pay their debts. However, how many people's houses will the bank also auction? Who will buy the auctioned houses again? The bank has invested more than half of its loans in real estate. All of them have raised their hands with debt. They have started saying to auction mortgages and waive off loans. However, the price of real estate has fallen significantly. 

Millions of houses have fallen to lakhs. It seems that the price will decrease further. On the other hand, buying and selling of real estate is also at a standstill. There are many people selling real estate in the market, but there are no buyers. This means that banks and financial institutions do not raise loans from auctioned properties.   Failure to raise debt means the bank is sinking, while the bank is sinking is the same as saving the savers. The then King Mahendra B. No. Land Act was introduced in 2021. After that, land surveying started all over the country. 

In the act, provision was made for red blood supply. And, the government team measured the land in the year 2021, 028 and 032 and gave the red portion of the people's land to the people. The rest of the land was kept in the name of the government in the form of government land, Guthi, Ailani, Hadbandi, Forest etc. The land was measured in Kathmandu in 021.