Nepal lies within the top twenty rank of multi-hazard countries. It has great impacts on the livelihood with a loss of lives and properties. Rural and urban settlements area are vulnerable due the flood and landslides risk. The 4 “R” approach i.e.; Reclaim of land, Readjustment of land, Rehabilitation and Reconstruction should be adopted for the sustainable development. This types approach can be replicate in the other areas too. The Government of Nepal should address these types of policy.