Ans bro, its all about supply and demand. There are crappy apartments in new delhi, where I visited last year and they were going for 40 lacs IC. Delhi is a step above Kathmandu, but its definitely not San Francisco. Also on the comment you made about who's driving the housing market, its actually the people in Arab countries that are doing it. Example, 100 guys from a VDC in Kavre go to Qatar and bring back 3-4 lacs each, they come back to the village and then buy land from 20 other dudes in the village. So now those 20 dudes have 15-20 lacs each and they go buy land in some Nagarpalika in Kavre. The guys who sold it to them in the Nagarpalika, now buy in Dhulikhel and the sellers there 2 or 3, of them buy land in KTM.

Thats how it operates. Plus I think now the since NRB has relaxed provisions on income verification and capital gains tax, prices will start to stabilize although I don't predict them to jump, but it definitely won't be falling. I know I'm stating the opposite from what I stated earlier, but now since policies have changed, it may not be a bad idea after all. If you have some money saved up, buy your char annas in KTM, it will give you a steady return.