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The Concept of Low Cost Apartment in Nepal

When, we see an ad in daily newspaper mentioning to Apartments available in 13 Lakhs to 13 Lakhs, do not try to understand more about this. People rush to the Apartment office or the site office. I me personally was very surprised, when I visited the Schietto City Apartment office in Hattiban. The website was packed with visitors cars, as if a wedding reception was actually going on. Inside the office were around 20 Sales girls. Almost all were busy explaining their apartment features to the shoppers. In fact, when We asked for the products / services brochure, the number of products / services brochure also had finished. The hall was packed with customers and i also could see some reservations were done. Holiday on La Gomera

The model apartments and the computer aided 3D movie were in display. People were busy viewing it.

The price range of the Apartment was amazing. The retail price range of the Schietto City Apartment varied from Nrs 1, 500, 500 for 1 BHK (386. 45 sq. ft) to Nrs 4, 000, 500 for 3 BHK (1013 sq ft) 

Similarly Far eastern Apartment by Aayusha Builders an auxilliary brand of Oriental Builders Pvt. Limited in Kaushaltar also was a huge attraction for Apartment buyers.

The building contractors have opened the arranging for only 348 of the total 448 apartments rentals. Nevertheless , they were able to sell 50% of the total booking in only first 5 days. The large response from the customers surged the programmer to call all the 448 units on reserving.

Due to the huge demand, the developer wanted the interested buyers to fill up an program form and also a cheque of NRs 10, 000. The applicant can have the apartment on first come first serve basis.

They are the basic strategies for Developers that was already recently been implemented by Guna Species for their sale of their Bhaisepati Apartment. Then simply, that were there opened booking for the Bhaisepati Apartment price beginning with 13 Lacks. Generally there was huge respondent to the Apartments in Bhaisepati which was organized in the Real Estate Expo in Bhrikuti Mandap, Kathmandu.

A large number of apartment sizes is including 386. 45 sq. ft to 548 sq. ft. The apartment size of 300-500 Sq. feet is tiny for a family to stay in and are similar to Facilities Apartments abroad. These varieties of Apartments can modify 1/2 people in a family to reside. The Rooms are incredibly tight and no space for increasing the luxury items.

The customers must not simply make their decision by browsing the 3D Modeled online video. The actual room and the customers view purchasing the apartment might actually simply not match.

An additional important factor to make the decision before making the booking is usually that the customer must check the background of the Condo Developers. Normally, we must only trust experienced House Developers. These low cost apartments that are approaching up in the market have been raising huge amount of funds from the market for the Proposed Apartment/Housing. The delivery and execution of these apartments is a real challenge and we must wait and see, if they can really develop these projects and their handover to their customer. So far, the development of some of these low cost apartments has not started out yet.

Some established builders claim that the price the low cost rentals are offering is suspect. Some claim that these affordable apartments are incredibly expensive if one calculates the rate per sq feet. Such small apartment size is not simple for a family to live in.

The Eastern House is the least expensive with price per sq. ft of Nrs 2, 890 followed by The Sun City. The most costly is the Imperial Court. However the target market for both the apartments is completely different as Imperial Judge is a Luxury Residence.

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