Planning to buy a land in Nepal? This post is relevant for you. A lot of us dream to buy a property in Nepal but when it comes to catch the exemplary piece, often, we get jumbled and more precisely we are unassured if given property is the best fit. This is prominently seen in all young adults, especially adults who are living in abroad & looking to buy a property in Nepal. Hence, we are dependent on family members, brokers, distant relatives for their judgement. This results in a slow process, often hidden cost and cases where you also get cheated. Enough with the confusion and sceptics in the further purchase of the property.
Following are the major concerns and questions to ask and get vivid information from your broker if you are buying land in Nepal.
A location is a foremost figure. Decide whether you want to buy a property in Ring Road, Inner Ring Road, Metropolitan Municipality, Sub- Metropolitan Municipality, Municipality.
Bare in mind, land size may sound like least important thing but if you have seriously made up your mind to do investment in real estate, land size does matter. Please know if you want to buy 1 Ropani, 1 Ana, 1 Bigha or 1 Katha land for yourself. Also, you should be sure and aware of the ideal shape of land you want to buy. A reliable “Amin” should be considered for the accurate measurement of the respective land. This will help you to figure out the kind of investment you want to make. Also, saves you from being cheated.
You need to ask your broker about the road size and the accessibility. This terminates if the proposed property is ideal for the 2-4 wheelers or not. This will also give you the insights about feasibility, public transport avenue. This often determines infrastructures like bank, school, hospital and shopping are around. Also one should be very aware of the road expansion project that might overlap their land-to-purchase during the execution.
Decide your investment budget. Price should also be accordant and directly proportional to land size and location you are looking to buy. Often there are lands which are on the verge of rush-sell due to certain reasons and thus their price may alter(usually depreciated value) from the standard ratings. Remember a fair and civil price is appreciated by everyone.
Raikar land has an individual or personal authority towards the property. Whereas, Guthi land means the territory belonging to a group of people. Very often people buy Guthi land without being transparent with its details. Usually, Guthi properties are confined with several disputes, a certain problem, an objection from an old party. This is one of the “Most Common” ways of cheating people in real estate scenario of Nepal. Ensure the kind of your land preference (Guthi/Raikar) before purchasing.
Do not invest over disrupts!!! You got to know the mandatory information before investing in your real estate if they have any of the following:
Mudda, Mohi Hak, AnsaBanda…. Often these questions will save you from making wrong decisions while investing and help you escape from inconvenient traumas.
Mudda means tangled by legal case and you definitely do not want to tie up with MuddaLand right? Just turn over these unnecessary stress. Mohi Hak is a land, been taken care by a respective person for a long span. The representative person is called as Mohi for that land which means he has certain rights to the property and holds legal authority as well. In a lot of cases in Nepal when a person is selling a land to the second party abide with mohi hak then he/she has to first give the mohi his/her rightful amount of share and then transfer the property to a new party. This can be tricky a lot of time.
The ancestral property is the type of property passed on to the children and grand children from their grand parents. Anshabanda, however, means a division of property within a family. During the division of the ancestral land, there might be unsolved matters and disputes among the brothers. This may create unnecessary tantrums and expenditure in the future in which you do not want to get involved.
Field Visit & Naksha Details are supposed to be same. A lot of time property on a field and their demonstration in naksha do not match. You need to check it beforehand and make a transparent deal before you lose the money for good.
Following are the documents you should ask and check before buying property.
The government of Nepal has a property tax policy that has to be paid annually. You would want to check or at least ask your broker if the property tax is clear or not for the property you are buying. It’s an individual party who needs to check before transferring land.