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A recent Nepal Rastra Bank report suggests that property price in Kathmandu Valley is increasing at the rate of 27.7 percent a year, doubling the real estate value every 3.5 years. 

In fact, almost every developing area of Nepal is witnessing this phenomenon. Property-price appreciation is starker still in the Madhes province and the Tarai towns of Sudurpaschim province. 

A key provision of the proposed amendment is that once the minimum threshold of 70% voluntary land pooling is achieved in a sector, it will be mandatory for the owners of the remaining 30% land to pool in their land.

main photo: Delhi’s land pooling policy is aimed at meeting its growing housing demand by providing about 17 lakh dwelling units in 95 urban villages located in the city’s urbanised extension. (Representational)

China’s cash-strapped developers have become reluctant to acquire land even as some local governments relax bidding rules, adding to signs of their liquidity crunch and threatening to deepen the nation’s economic slowdown. 

Land plots auctioned in the fourth quarter through Dec. 20 only fetched an average 3% premium over their starting prices, according to data compiled by China Real Estate Information Corp. That’s down from a 17% premium in the second quarter and 8% in the third, said the research agency, which tracks auctions across 300 Chinese cities.

On 2 December 2021 the mayor of Mbale City, Cassim Namugali, issued 511 Certificates of Customary Ownership in a colourful ceremony. The event took place at Wanale Division Hall in Mbale City. These are the first ever such certificates to be issued in an urban area in Uganda. Several hundred Mbale residents took part in the ceremony.