Volume 16, Issue 7. Real Estate Business provides the means of serving one of the basic needs of human being living in the city- the need for shelter or house. This will change and increase the demand of people geometrically.
Govt decision to offer low-cost bank loans to public servants Real estate business expects boom-time FE Report Published: October 06, October 16, Stable political situation and relatively swift electricity connections also remain positive factors in this regard, realtors believe.
They expect the sector to grow fast following the government's announcement of loan schemes for its more than a million employees at 5. REHAB first vice-president Liakat Ali Bhuiyan said real estate has picked up since with support from stakeholders like government, lenders and utility service providers.
Such loans are helping many people fulfil their dream of having a flat in Dhaka city, Mr Bhuiyan mentioned.
The government's recent move to offer low-cost home loans to its employees is thus helping the real estate sector to gain long-term stability, he said. More than sectors are dependent on the real estate sector, he remarked. Mr Bhuiyan said medium-sized flats 1, to 1, square feet are still in demand in cities like Dhaka and Chattogram.
REHAB members have been out to do business in Dhaka's adjacent districts like Gazipur and Narayanganj, and in other divisional cities, he added.
Citing the sector's growth at 5. However, property buyers, especially the middle-class ones, still think that the housing prices have been going out of their affordability.
The apex body of realtors pinpointed higher flat and plot registration costs as one of the key reasons behind this rise in property prices. About high property prices, private jobholder Afif Ishtiak said his family wanted to buy a medium-sized flat in Rampura area at Tk 8.
The same apartment now sells at Tk 6, per square feet, he said. The costs include 4. The government also imposed 2.
Meanwhile, on September 25, four banks and BHBFC signed a memorandum of understanding with finance ministry to provide low-cost home loans for the public servants.
Under the deal, a disburser will charge 10 per cent interest, but a loanee will pay 5. The loan ceiling will be the highest Tk 7. The total amount will be payable in 20 years.
When contacted, a BHBFC official said they were yet to get any instruction from the authorities concerned to disburse loans for public servants. Many loan seekers are already communicating with the BHBFC to know about its disbursement plan, he stated.
Mr Chakrabarty said, "The process initiates soon after the loan is sanctioned by the government. A total of Tk 3.
Rupali and other disbursers are in the process of issuing a circular to this end by this week. Talking to the FE, a general manager of Rupali Bank also spoke of launching the loan scheme by this week. About the delay in disbursements, he said there are still some technical issues to be addressed before launching the scheme formally.
In another development, the scam-hit Basic Bank also wants to disburse home loans. On September 26, Basic Bank managing director Muhammad Awal Khan wrote to finance ministry with a plea for its engagement in the process. According to the Bangladesh Bank data, 14 local private commercial banks are offering home loans at 9.In the current real estate scenario, impromptu housing program is proving to be detrimental to arable lands in rural areas.
The chairman said after receiving positive response from IDB, he is also hopeful for a similar response from ADB. These 15 real estate marketing ideas will help win more clients on social media.
Engaging via social can mean all the difference for buyers. The country's real estate business is expecting a boom-time due to a possible rise in demand fuelled by home loans for public servants at single digit interest rates. Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. There is currently no such real estate companies in Bangladesh that offers an exclusive line of apartments.
Therefore, in this segment, we can enjoy the benefits of being an oligopolist. On the other hand, we have the business-to-business prospect. There is practically no voice of any political party in today's Thailand. But, Bangkok Post, The Nation or gigantic news medias like CNN, Fox News, New York Times, .