ICTC GROUP’S REAL ESTATE SERVICES WING WAS ESTABLISHED IN 2007. THE VISION IS TO BECOME A MAJOR REAL ESTATE DEVELOPER IN NEPAL.
The increasing role of foreign remittance as the country’s major source of income, and the necessity for the overall infrastructure development of the country, buoyed by the bolstering peace and security has seen the real estate market in Nepal thrive during the past several years. Apart from this, rising costs of owning homes in the city and changing lifestyles have pushed people into shifting to apartment style buildings or colony lifestyles which are more economic and are easier to maintain. Nepal is filled with fascinating people, great natural landscapes and a brilliant spiritual atmosphere. Tourism real estate another sector we shall be focusing on.
We have started scouting and acquiring major real estates in strategic locations within the Kathmandu Valley and in other major cities. Our immediate focus is the Kathmandu Valley, which has witnessed a tremendous real estate housing boom in recent years. We envisage an additional fourfold growth of real estate in strategic locations.