Homes, sweet homes

Civil Group was chosen as the Company of the month by Nepali Times for the month July, 2009. The company has grown to encompass real estate, housing, finance and trading.

Civil Homes was first in Nepal to commercialise the idea of owning a well-serviced house within a gated community. Its success was quickly copied by others. Banks were initially wary about lending money to Tamang and his friends. But once they saw the demand for organised housing, they changed their minds. As the housing sector boomed, so did banking.

Tamang recalls the beginnings of Civil Homes in Bhaisepati when he bought 23 ropanis of land but did not have money to build and sell houses. The group made a computer-animated ad for a Rs 2.3 million house and broadcasted it on tv channels. The results were astounding, and Tamang hasn't looked back.

Buoyed by his first housing success, Tamang's group then bought 95 ropanis of land in Kalanki where more Civil Homes were built. That too was a success, and the group went on to build a satellite town in Sunakothi, with its own mall, health posts and a cinema hall. Currently, the group is working on its fourth phase at Dhapakhel on 200 ropanis of land.

 

More at (source):   Nepali Times