Kanchanjunga Housing Limited is a private company established in June 2007 and it was converted into public limited company in June 2010. The main objective of the company is to construct commercial buildings in leased lands. Kanchanjunga Housing Limited acquired land from Nepal Food Corporations at Thapathali, Kathmandu, under a lease agreement on November 21, 2008 for 30 years. The company has e
xpertise in different sectors like banking, hydropower and engineering. Promoters of Janata Bank Nepal Limited, People's Investment Company Limited, Makalu Developers Limited, Siddhakali Power Limited and Advanced Engineering College, among others, are the major shareholders of the company. The total number of shareholders of this company has reached 340 and the issued capital has remained Rs. 150 million
After constructing building of Trade Tower, Nepal, Thapathali, Kanchanjungha Housing Ltd in collaboration with G.T.M Pvt Ltd. is selling 190 apartments built in five storeys 10 separate buildings, linked to the main road adjacent to the radio Nepal tower at Bhaisepati, Lalitpur. The residence project lies within the area of 12 ropanis. 10 five storeys buildings have been built in the project. Among these buildings, block E has 10 and rests of the 9 blocks have 20 apartments each making it 190 apartments in total. There are 160 apartments with two bedrooms (598 square feet), 10 with three bedrooms (833 sq feet) and 20 with larger size bedrooms (1198 sq. The area has parking lot facility for 100 motor cars and 150 motorcycles. The residence area is linked to the main road and has proper management of parking, water and drainage system. The area will be equipped with solar system to counter load shedding problem. The resident is build specially focusing the medium class family, white-collar workers, business travellers and Non-resident Nepali. As soon as the flats get booked the land ownership certificate (Lal Purja) registered on the buyer’s own name from land revenue office, Lalitpur will be provided. An end user (Consumer) committee will be constructed for the co-ordination and management of the apartments. A co-operative will be established under the consumer committee to provide daily needs and services to the residents in a well managed way. Many Banks have agreed to provide the loan facilities with minimum annual interest for the prospective peoples.
