The Ranjana Cinema Hall, one of the oldest cinema hall of Nepal, is was demolished earlier this year. Construction works for a new trade center, in the location, is going to start in the near future. The total cost of the Ranjana Trade Center is expected to reach Rs. 3 billion.
The trade center made a new record, in its planning stage, by selling all the business area on a single day. The trade center to be constructed on a 6 ropani land in one of the busiest area in K
athmandu, will have banks, insurance companies, wholesale and retail shops, restaurants, food court, and children’s play area.
The trade center is told to have free WiFi, CCTV, and 24 hours security arrangement in its premise. The investors plan to finish the construction and hand over the spaces to the respective owners within 30 month. It is told that the trade center will be a huge, 25 storey building, and connected internally with the nearby buildings.
The trade center will be one more addition to growing number of all-in-one retail and business locations in Kathmandu. The main competitor to the new market will be Bishal Bazar, R.B. Complex, People’s Plaza, Kathmandu Mall, World Trade Center,Pashupati Plaza, and Ratna Plaza.