Kathmandu. Who wouldn’t want to buy real estate in The Kathmandu Valley after earning at a certain level?

Some people do not hesitate to invest their lifetime earnings to buy real estate. There is no land for that. The place where the real estate is located, its environment, services, facilities also make the investors happy to invest.

Now people invest in land and after some time, after the price increases, they sell it by taking profit. The value of land in Kathmandu is high. As a result, there is a problem for those who want to take real estate.

If you go to some upper areas of the Kathmandu Valley, it is not difficult to get land as mentioned. Dukuchhap, Sokhel, Farsidol are now becoming suitable destinations for those who see the future by investing in land and those who benefit from investing in some time.

Kathmandu-Tarai Fast Track, a project of national pride, is in the final stages. Real estate transactions have increased significantly in the surrounding areas. Dukuchap, Sokhel and Farsidol, located about 7 kilometers away from the Ring Road, are sure to become beautiful areas of Kathmandu Valley in a few years. Due to the government’s smart city plan and those who can assess the future, they are now the main choice of land buyers in these areas.

According to Vinay Devkota, director of Project States Smart City Investment, although June, June, July and August are generally considered off-season of business, now there are a lot of calls to get information about the land in the area in these months.

Industrialists, businessmen, and individual investors are attracted to warehouses, commercial purposes and high-quality housing in these areas, seeing the future prospects as the expressway is in the final stages of construction. Due to the proximity of Bhaisepati housing area and Medicity Hospital, many attention has been drawn to the access of the middle class, political leaders and well-equipped infrastructure such as hospitals.

In addition to good irrigation infrastructure, schools like Yulens and St Xavier’s are also very close to the area to teach their children. The Dukuchhap region is now an emerging region in its early stages of development. Industrialists, political figures and big businessmen are buying plots here.

Future smart city area

The concept of smart city has been forwarded by incorporating Dokuchhap, Farsidol and Sokhel areas. Due to systematic plotting, road expansion, environment-friendly planning, etc., this area is likely to become another Bhaisepati’ or Budhanilkantha of Kathmandu in the future.

The land, which was traded at Rs 600,000-800,000 per anna a few years ago, is now being sold for over Rs 1.4 million. There is a strong possibility that the price will double after the completion of the fast track which is yet to be completed. It is easy to travel daily as it is close to the heart of Kathmandu and the problem of traffic jams will also be comparatively less in the future in terms of infrastructure.

Khokana’s entry point towards dokuchap

Addressing the demands of the locals, the government is preparing to shift the Khokana entry point of fast track to Farsidol-Dukuchhap area. The government’s plan to shift the proposed bus park in Khokana to Dukuchap is likely to add more services. As a result, Dukuchap is becoming a strategic center from the point of view of transport and trade access. After the fast track is completed, the journey from Kathmandu to Tarai will be very short, which will increase commercial and industrial activities. Along with the bus park, access to other infrastructure such as roads, electricity, drainage, drinking water, etc. is expanding rapidly.

How much does it cost?

The most suitable reason for buying land in Dukuchhap, Sokhel area is the low price of land here. Although the price of land in other areas of Kathmandu, which is the same distance from ring road, is around Rs 20-25 lakh, the land is being sold at less than half the price here.

The price of land, which was earlier traded at the minimum price, has now increased sharply. However, the undeveloped common land is being traded at Rs 600,000 to Rs 800,000 per anna, while the plotted land is above Rs 1.4 million per anna. Although the price has increased slightly due to the increasing attraction in this area in recent times, the price of land in this area is still relatively cheap.

The final phase of fast-track construction, large government infrastructure projects, and access to convenient spaces are sure to develop Dukuchap, Sokhel and Farsidol areas as one of the major residential and commercial centres within the Kathmandu Valley in the coming years. Dukuchap is one of the fastest growing areas in the Kathmandu Valley, where it can be a wise decision to invest in the current situation. In particular, fast-track projects, bus park relocations, and smart city projects are said to have potential here.