Real estate transactions have increased noticeably in the month of Jestha (mid-May to mid-June). After a year in a slump, the real estate transactions increased in Chaitra (mid-March to mid-April) before declining again in Baisakh (mid-April to mid-May). The latest data published by the Department of Land Management and Archive (DoLMA) show the number of real estate transactions in Jestha reached the highest in the current fiscal year 2022/23. According to DoLMA, a total of 55,0069 real estate transactions were recorded in Jestha which is 12,608 more than 42,461 in Baisakh. The real estate business spiraled into a downturn after the central bank and the government took measures to cool down the overheated real estate market over a year ago. The Nepal Rastra Bank made it harder for banks and financial institutions to disburse housing and real estate loans to their clients, while the government came up with the Land Use Regulations which halted the plotting of lands in the country directly affecting the real estate market which had peaked in late 2021.

In Ashad (mid-June to mid-July), 33,834 real estate transactions were recorded which decreased to 25,789 in Ashwin (mid-September to mid-October), the lowest in the current fiscal year.

Revenue collection According to DoLMA, a total of Rs 3.75bn was raised from real estate transactions in Jestha which was Rs 3.10bn in Baisakh. Despite the increase in transactions, the amount of revenue collection is low as Rs 4.51 billion was collected from 49,000 transactions in Chaitra. The data shows the government has collected Rs 36.88bn in revenue from real estate transactions in the 11 months of the current fiscal year.