Hope seems to emerge on the horizon of the real estate sector. The previous months have witnessed some significant growth. The number of companies getting the permit for construction of housing has increased more than twice for the current fiscal year compared to the last year. For the fiscal year 2067/2068, 3 companies with 487 units have gotten the permit for housing construction in the valley. But, till the first week of Chaitra of the current fiscal year, 8 companies have gotten permit for 2092 units according to Department of Urban Development and Building Construction (DUDBC).

Developers have taken the increase in the number as a sign of revival of housing industry once again. Not only in the valley, the number of companies outside the valley that had gotten the permit for housing construction have also increased , according to the division offices of the Department. As for now, developers informed that 8 companies outside the valley with total of more than 1000 units have already taken the permit for housing construction.

As for Brihat Investments (BI), Money- Expo 2011, Eco-Fair 2012 and other public events that BI took part in recent days have helped not only felt our presence in the market, but also brought some potential buyers to our doorstep. BI has also organized various events and festivities at Brihat Community Living recently such as Christmas Celebration, New Year Celebration, and Pre-Holi Celebration, which were definitely sales boosters leading to finalizing numerous transactions. The recent Home Expo also generated interest among people that led to believe that community living is worthy and is really here to stay. It can also be taken as the significant growth of confidence in the real estate sector where people have waited long enough for the right moment. The positive rapport from the government and effort put forth by the banks and financial institutions (BFIs) has also paved way.

With activities like completion of 6th REMA, BI sponsoring "Arthalaya", Comprehensive Report Launching on Kathmandu Housing Market 2012, and handover of the first phase at Brihat Community Living, we have enough enthusiasm and positive energy to start the New Year the right way.