Posted by: fortunefaded January 18, 2010
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Remittance (the major source of fund for buying land) is declining at a greater rate than expected. Nepali banks are getting overexposed to overpriced real estate. There is a liquidity crunch in the country and number of land transactions has started declining. A massive sell off is coming and it will be brutal. Are there people in Nepal who can afford 10 lakh/anna land? If I were you, I would sell it for 5 before it hits 3.
Good luck,
FF
Good luck,
FF