As per the recent regulation passed by the Council of Minister, NRN can purchase land and house in Nepal. NRN can purchase two Ropanis of land within Kathmandu valley eight Kattha of land/house within the municipality of Terai Region.They are only allowed to procure land/house/apartment for their own purposes.
“This is a welcome decision and it has fulfilled our long-standing demand to open the sector for NRN buyers,” said Ichchha Raj Tamang, president of Nepal Land and Housing Developers´ Association (NLHDA)
Citing the investment this will bring into the sector, developers had demanded that the government allow all overseas buyers to own apartments in Nepal. The government, however, has responded positively with regard to NRNs only.