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Thu, March 28, 2024

Government introduces new provisions for land leasehold

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KATHMANDU: The government has introduced new provisions in regard to giving land owned by the government on lease for up to 40 years. The government has issued an action plan relating to the registration and utilisation of public land and providing on lease, 2079 BS in the Nepal Gazette. According to the new provisions, foreign diplomatic missions and UN-affiliated bodies in the country, inter-governmental organisations, universities, board committees or other autonomous organisations established under the provincial government or local levels and any organisation registered in the Federal government, provincial government or the local level will be eligible for acquiring land on lease. More, the land can be given to an individual as well. The period of the lease will be for five years (short-term), 15 years (mid-term) and 40 years (long-term). Any organisation meeting criteria for demanding the land on lease or any interested individual should apply for it and the application charge is Rs 5,000. The work procedures require statements justifying reasons for demanding the land on lease and an action plan as well. Moreover, recommendations from the respective local level executives, recommendations from the Ministry of Foreign Affairs in case of foreign diplomatic missions and UN-affiliated intergovernmental organisations are necessary to proceed with getting the land on lease. In addition to this, the recommendation of the District Disaster Management Committee stating that it does not need the land for disaster management is also demanded by the procedure. There will be a recommendation committee coordinated by Chief District Officer (CDO) to make recommendations for the use or lease of government land. By RSS READ ALSO:
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FEBRUARY 2024

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