New IT Venture Public Limited has begun a study on developing a model town with a view tower in Dhangadhi.
Dhangadhi Sub-metropolitan City mayor Nripa Bahadur Od said initiatives have been started for building a model town in line with the plan of developing Dhangadhi into a smart city.
Executive officer of New IT Venture Kamal Adhikari said the study on building a model town has been started. The estimated project cost is around Rs 1.50 billion. The study has started for the construction of this project under the public-private partnership concept.
The model town would be developed on nearly two bigha land. A nine-story building and another seven-story building would be constructed in the model town. A view tower would be built on top of the nine-story building.
The buildings will have business stalls, corporate offices, fitness center, training hall, innovation center, among other facilities, according to Adhikari. He said the non-resident Nepalis from Province 7 would also be included in this scheme.
New IT Venture is a company owned by Bhawan Bhatta, president of Non Resident Nepali Association (NRNA), among other NRNs.
