Milaland Development, developer of the National Business Trader Centre (NBTC), on Tuesday opened bookings for 900 shops being developed. The company, which built the wholesale super market in Kalanki, said the project is being developed on 23 ropanis of land, of which 21 ropanis will be dedicated to the building.

The first-of-its-kind project is expected to provide relief for wholesale traders, who are bound to operate from unorganised market places. The developers said NBTC will provide almost all required facilities and will cater to the demand of the wholesale market.

“There are around 10,000 wholesale shops in the core city. However, they are unorganised,” said Narendra Bajracharya, chairman of Milaland Development. “This is why we are opening a managed, wholesale market.” According to Bajracharya, the project, which will begin by mid-December 2013, is expected to be completed in three years.

Apart from 900 shops, the NBTC will feature facilities such as go downs, a food court, multiplex, banks and financial institutions among others. “We are also planning to build guest houses, targeting traders coming in from various districts across the country,” Bajracharya said. He added that the trade centre will have parking which can accommodate large containers, facilitating the traders.

All of the 900 shops in the centre will be sold in a first-come-first-served basis, informed Bajracharya. “Since, the availability to demand ratio of wholesale space in Kathmandu city is low, we are expecting to witness a good amount of bookings,” he added. The company has also partnered with banks. Those willing to buy property can acquire loans of up to 70 percent from designated financial institutions.

source: the kathmandu post,9 Oct 2013