Housing booms in Biratnagar

Migr-ation from Siraha and Saptari to Biratnagar is on the rise due to growing insecurity in the Tarai districts. As a result, the realty business in Biratnagar has increased with more houses being built.

Biratnagar, Itahari and Damak are the choices of those who are migrating from Siraha and Saptari. Biratnagar sub-metropolitan city saw transactions of 4,200 plots of land in the last fiscal year. The figure for the fiscal year 2007/08 was 3,700 plots.

A total of 1,174 new houses were built in Biratnagar in the last fiscal year.  According to Ram Kumar Kamat, nayab subba of the sub-metropolitan city, the number of building designs approved has increased compared to the previous year with 1,008 designs being passed in the fiscal year 2007/08 compared to 1,174 in 2008/09.

Consequently, revenue too has been going up. Biratnagar collected Rs. 1.8 million more from design approvals last year compared to 2007/08. 

 

Source:  Kantipur

 

According to the Land Revenue Office, Biratnagar, the authority collected Rs. 10.37 billion in land revenue, an increase by more than 50 percent, during the first month of this current fiscal year.

Source : RSS