Kathmandu: Bodhi Holding Pvt. Ltd. is constructing 104 housing units in Lumbini. The company plans to build these 104 residential homes in Lumbini across two phases.
Given the two-phase construction approach, the initial phase will see the completion of 65 housing units. The remaining units will be built in the second phase, as announced by the company.
The housing units slated for the first phase will consist of 4BHK and 5BHK configurations. The company has estimated a total cost of Rs 1.1 billion for constructing these 65 units. This includes securing Rs 800 million through loans for investment, with the remaining Rs 300 million to be covered by the company itself. The company has set the investment ratio at 73:27.
According to the company, it is in the final stages of receiving Rs 490 million to date. The company has achieved 60 percent financial progress. This includes receiving Rs 169 million from bookings made by 24 different customers for the housing units.
Established in 2019, the company has obtained a credit rating for Rs 800 million in long-term loans. The company has been engaged in developing both residential and commercial properties.
The company anticipates a significant surge in housing demand in the coming days. Real estate developers have been continuously pursuing housing projects based on projections of rising demand for residential homes. However, the rating report emphasizes that market demand plays a crucial role before unveiling new projects.
Government economic surveys also indicate a sharp decline in demand for real estate and construction over the past few years. Additionally, the sector has become notably sluggish due to reduced loan availability and high interest rates. Nevertheless, while real estate transactions have decreased, the company projects an increase in the overall value added to the real estate transaction services sector, driven by growth in private housing and rental activities.
The company’s chairman is Jaleshwar Pandey. He brings experience from the banking and finance, agriculture, education, and hydropower sectors. He is also the former chairman of Garima Bikas Bank and serves as a director of Budhanilkantha Heritage.
The company’s director is Buddhiram Yadav. He is affiliated with Bishal Cement Industry, Bodhi Redson Hotel, and various other sectors. The company’s CEO is GD Pandey.
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