Jeevan Dahal
jeev.dsk@facebook.com
9841981057
jeev.dsk@facebook.com
9841981057
A BASIC VIEW, “TO INVESTMENT ON REAL
ESTATE SECTOR THAT ADVERSE AGRICULTURE”
Nepal is an
agricultural country and no doubt 75% to 80% of the total population are
directly involved in agricultural occupation. From the ancient time itself,
Nepalese are found to be hardworking and loyal on their occupation but the use
of trendy traditional tools and equipment’s depreciation on the production has
become a major drawback.
Going back to the
1950’s and 1960’s, Nepal used to export different agricultural products to
neighboring and overseas countries. But along with the increasing population
and diverged educational concepts; mind diversities on extrovert - ism about
occupation gradually dwelled within little percentage of Nepalese. Increasing
globalization, technological advancement, Trans – boarder investments came into
existence thereafter. The pace of change, the World and Nepal felt, was the
same – however, Nepalese gross domestic product (GDP) still depended upon
agricultural sector.
Post 1990’s development
on banking sector brought huge awareness on how to utilize own capital for
simultaneous growth of people and local areas. Public confidence grew along
with to invest on diversified areas like hydro – electricity, agriculture,
transportation, industries, and telecommunications. This way to a greater
extent living standard as well as conceptual perceiving ability of the people
changed synergistically.
People preferred single
family rather than joint. This resulted migration, settlements and
urbanization. Now, people have started their different businesses for their
living standard enhancement and Banks and Financial Institutions (BFIs) have
supported a lot becoming somewhat standby guarantor and backbone for dynamic,
creative and competent those amidst financing for sector wise development.
Among those businesses,
real estate sector is found to be highly influensive in a sense that although
being risk-able, it is one of the best collateral to secure loans they extend.
But the same investments to the plotting (Res) business has become an identical
cause for decreasing agricultural productivity. This consequence has become
eased to justify pertaining that today we can see so called fertile and
agriculture friendly lands are converted into a plot for buy and sale purpose. And
there comes a general citizen with ample hardships done in hills and mountains
to purchase and settle on the same. At that point of time he forgets all his
toils and hardships and skills for survival on his own land. This is the
derivation of a common scenario.
Now, had the banks and
financial institutions (BFIs) enhanced on the ample environment for
agricultural setbacks by encouraging and motivating pupil bringing advanced
agricultural tools, technologies, machineries to use it on the agricultural
sector mortgaging the same plot through impressive schemes and products than
the productivity would not decline rapidly resulting to high deficit of trade
and negative balance of payments from the major GDP contributor.
Had there been
implemented threshold system and using appropriate investments on agricultural
plan from the government’s side creating best suited environment than also some
amount of revenue generation would have been collected. Even better town
planning and real estate placement at specified places would have turned
worthwhile.
As agriculture is the
back bone of the nation, contributing 39% of gross domestic production, it is
necessary to feel on how to develop the sector by effectively transforming real
estate business in the country and prioritize justification for better output.
