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Category Archives: Real Estate

IDA to give BHBFC Tk 800cr to expand its house loan to rural area

businessnews24bd.com Islami Development Bank (IDB) will give Bangladesh House Building Finance Corporation (BHBFC) Tk 800 crore in loan on soft conditions to extend its housing loan programme to rural areas across the country. “We expect IDB would disburse Tk 800 core loan before June this year. Housing loan will be given to people of lower and middle income group in ... Read More »

New law to raise compensation for land acquired by govt

The Cabinet has cleared a new law, which raises compensation for land acquired by government to three times the property’s price, reports bdnews24.com  Monday’s regular Cabinet meeting chaired by Prime Minister Sheikh Hasina okayed on principle the draft of the new law. The draft has been forwarded to the law ministry for further scrutiny before tabling in the Cabinet for ... Read More »

Realtors urge graft-busters to change methods to encourage investment in BD

  Housing business leader Shamsul Alamin has urged the Anti Corruption Commission to change its way of operations instead of springing so-called ‘surprises’. The president of the Real Estate and Housing Association of Bangladesh (REHAB) says the corruption watchdog should work ‘differently’ to create an environment of investment in the country, reports bdnews24.com “The people will hide and smuggle money ... Read More »

HC declares Ashiyan City Housing Project legal scrapping previous verdict

Court Reporter The High Court has scrapped its previous verdict declaring the Ashiyan City housing project as illegal.  The larger bench of justices Syed AB Mahmudul Huq, Naima Haider and Quazi Reza-Ul Hoque gave the order on Tuesday after accepting the land developer’s plea to review its decision. The project by Ashiyan Lands Development Ltd is located opposite to Dhaka’s ... Read More »

Proposal to reduce withholding tax rates for real estate sector

businessnews24bd.com With a plan to relieve big cities including Dhaka of the pressure of excessive population, Finance Minister AMA Muhith today proposed to reduce withholding tax rates for real estate sector in the 2016-17 fiscal year budget. The finance minister in an explanation said that this move, if implemented, will encourage people to buy small sized flats of apartments. Bangladesh ... Read More »

Rupayan City Uttara : country’s first mega gated community

New way of living with all amenities, highest security businessnews24bd.com Gated Community, a community where majority of the living facilities are offered for its inhabitants all in one area surrounded by a gate. Most of the urban areas in Bangladesh are choking under the burden of overpopulation and unplanned residential and commercial establishments. Living a healthy life with a feeling ... Read More »

Real estate sector progressing amid global recession : REHAB Chief

businessnews24bd.com Real estate business has started showing some signs of improvement although the sector has passed through a bad time for the last few years amid global recession, capital market fall and political upheaval. The number of unsold flats and apartments now almost halved to 6,000 to 7,000 which was some 12,000 few years back, supported by waning supply glut ... Read More »

Nirman launches high tech office space for high demand customers

businessnews24bd.com Nirman Builders and Developers Ltd., a leading developer in Bangladesh, has launched an ultramodern office building for high demand customers. Nirman’s vision is to create an enabling environment for competitive businesses. The developer has launched the high tech ‘Nirman Samad Trade Center’ at Segunbagicha on 15 March 2016 emphasizing quality, sustainability and functionality. “I have included some of the ... Read More »

Minister proposes a Tk 20-50 b fund to revamp housing sector

Housing and Public Works Minister Engineer Mosharraf Hossain has proposed a Tk 20-50 billion fund to invigorate the housing sector by offering ‘single digit’ loans to low- and middle-income groups, reports bdnews24.com He sought the cooperation of the prime minister and the finance minister in helping create the fund. Mosharraf was speaking at the inauguration of the ‘Rehab Abasan Mela 2015’ ... Read More »

UK house prices resume upward trend

BBC Online House prices across the UK are resuming an upward trend, according to the Nationwide building society. Between March and April, prices rose by 1% – the largest monthly rise since June 2014. And the annual pace of growth rose to 5.2%, the first time that this measure has risen in seven months. The average house price is now ... Read More »

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