Nepali property expo in US draws diaspora

Kathmandu, January 4:

Nepali housing companies and builders were successful in selling flats here to the Nepali diaspora in the US.

“People there were mainly interested in investing in real estate,” Rajan Karmacharya, managing director of First Kathmandu Pvt Ltd and organiser of the Nepal Property Expo 2008, said adding, “As cash transactions were not allowed, we had good bookings of flats and apartments of around Rs 2,500 million.

The expo concluded in New York on a grandly successful note. “There were around 2,000 visitors who were very interested in buying flats, apartments and investing in real estate,” he said adding,”We are planning an expo in Australia.”

Twelve companies, Civil Homes Pvt Ltd, Guna Colony, Oriental Builders Pvt Ltd, Varun Developers Pvt Ltd, Kohinoor Hill Housing Pvt Ltd, Stupa Housing Pvt Ltd, Echo Housing Pvt Ltd, Maharjan Builders Pvt Ltd, Silver Valley, Karmacharya Awas Company Pvt Ltd, Guna Cooperative Ltd and America’s Chettri and Association Incorporate were the participants in the expo.

According to the organisers, houses with a value of Rs 25 lakh to flats costing Rs 16.5 million were kept in the exhibition for sale. The bookings were beyond expectations and the esponse was overwhelming.

The expo — from December 27 to 28 — was organised with the joint effort of Himalayan Herbal Garden Inc, America and Guna Colony.