Real Estate in Bangladesh

Greetings of Pahela Baishakh

noreply@blogger.com (myRealEstateBD.com) — Wed, 15 Apr 2009 07:33:00 +0000

"Esho hey Baishakh, Esho, Esho"..... Shuvo Nababarsha.
Greetings of Bangla New Year 1416 from myRealEstateBD.com

Thousands of city dwellers thronged in and around the capital’s Ramna Batamul area at dawn yesterday to greet the Bangla New Year 1416 amid unprecedented security.

Women wearing colourful saris and men in panjabi and pyjama turned out early in the morning to dance and sing in the lush green Ramna Park, the focal point of celebrations in the capital, to welcome year 1416 in the Bangla calendar while troops with sniffer dogs circled round.

Thousands of people gathered at Ramna Udyan where the artistes of cultural organisation Chhayanaut sang the traditional Pahela Baishakh song of Rabindranath Tagore -- "Esho hey Baishakh esho esho"-- to welcome the Bangla New Year.

REHAB Fair Chittagong 2009 starts on January 29, 2009

noreply@blogger.com (myRealEstateBD.com) — Wed, 28 Jan 2009 07:58:00 +0000

REHAB Fair Chittagong 2009 begins from tomorrow 29 January at Chittagong Club, Chittagong.

Real Estate and Housing Association of Bangladesh (REHAB) has organized a 3-day long housing and real estate fair at Chittagong, it starts on 29 January and ends on 31 January, 2009. The venue of the fair is Chittagong Club, Chittagong.

Total 68 Real Estate and Financial organizations of Dhaka and Chittagong is participating in the fair. The fair will open at 10am and close at 9pm each of the 3-days.

Visit: www.myRealEstateBD.com for updated Real Estate information of Bangladesh.

RAJUK extended time for application upto 15 January, 2009 for Uttara and Purbachal

noreply@blogger.com (myRealEstateBD.com) — Thu, 18 Dec 2008 10:17:00 +0000

RAJUK has extended time upto 15 January, 2009 for application of allotment of Plot at Purbachal and Uttara Extended 3^rd Phase Project.

Dhaka improvement authority ‘Rajdhani Unnayan Kartipakkha (RAJUK)’ has extended time upto 15 January, 2009 to apply for allotment of plot of land at Uttara Extended 3^rd Phase and Purbachal New Town Project at Dhaka due to huge rush of applicants.

RAJUK officials said the last date for procuring forms is now 14 January and that for submitting those is 15 January 2009, instead of 17 and 18 December, 2008 as per the previous call.

At a press conference the Secretary, Ministry of Housing and Public Works, Government of Bangladesh has told that 1 lac 20 thousand flats/ apartments will be built at the 3 RAJUK projects Uttara Extended 3^rd Phase, Purbachal and Jhilmil and shall be allotted among the interested persons in similar way.

For latest Bangladesh Real Estate info visit: myRealEstateBD.com

RAJUK has invited application for Allotment of Plot at Uttara & Purbachal

noreply@blogger.com (myRealEstateBD.com) — Wed, 26 Nov 2008 07:14:00 +0000

Dhaka development authority "Rajdhani Unnayan Kartipakkha (RAJUK)" has invited application for allotment of plot at Extended Uttara 3rd Phase and Purbachal New Town Project. Available Plot sizes at Uttara are 3 & 5-Katha and Purbachal are 3, 5, 7.5 & 10-Katha.

View and Advertise Bangladesh Real Estate Apartment, Plot, Flat, Land, Commercial Floor or Shop Buy, Sale, Rent or Share advertisements at http://www.myRealEstateBD.com FREE.

Last date of application for both the projects is December 18, 2008. NRB's will also be able to apply for the plots through internet. The address of RAJUK web site is given below for your convenience.

Following is the original advertisement published by the authority:

For more information you may visit the RAJUK's web site: http://www.rajukdhaka.gov.bd/

For latest updates about Bangladesh Real Estate sector visite http://www.myrealestatebd.com/

REHAB fair Dhaka 2008 begins

noreply@blogger.com (myRealEstateBD.com) — Wed, 12 Nov 2008 11:35:00 +0000

Real Estate and Housing Association of Bangladesh (REHAB) has organized a fair The REHAB Fair, Dhaka 2008 started on November 11, 2008 and it will continue up to November 15, 2008 and it is open for all.

For updates about real estate market of Bangladesh visit: http://www.myrealestatebd.com/

The REHAB Fair, Dhaka 2008 at 'Bangladesh China Friendship Convention Center' has been inaugurated by the public works adviser of Bangladesh Government Major General (Rtd.) Ghulam Quader on November 11, 2008. This years rehab fair slogan is "Select the environmental friendly dream home for you."

The REHAB Fair, Dhaka 2008 has been organized by Real Estate and Housing Association of Bangladesh (REHAB). The five day long fair will be closed on Saturday, November 15, 2008 and it is open from 10am to 8pm. The entry fee is Tk.50/- per head single entry and Tk.100/- per head multiple entry for all the 5 days. The rehab informed that the entry fee will be donated to various social welfare organizations on behalf of REHAB.

REHAB organizes its most colorful annual event, REHAB Fair each year in Bangladesh for the member developers, financial institutions and building material providers to foster the growth of Real Estate Sector at local market and creates opportunity for the buyers to choose their desired apartment, plot and commercial spaces reviewing several projects at a single place.

A total of 187 REHAB member realtors and 5 financial organizations at participating in the fair.

View and post free buy/ sale/ rent advertisements of Bangladesh Real Estate apartment/ flat, plot/ land, house/ building, shop/ commercial space and mess/ share accommodation at www.myRealEstateBD.com

REHAB Housing Fair, USA 2008

noreply@blogger.com (myRealEstateBD.com) — Mon, 06 Oct 2008 12:18:00 +0000

REHAB Housing Fair-2008 in the USA.

Real Estate and Housing Association of Bangladesh (REHAB) has organized it’s next fair in New York, USA from 18th to 20th October, 2008 at Hotel Hilton. And from 23rd October, 2008 at Florida, USA.

It is a great opportunity for the Bangladeshi Citizens living in the USA to purchase Bangladeshi Real Estate Property from the top listed REHAB Member Realtors directly.

It is expected that 60 most reputed Real Estate & Housing Companies of Bangladesh is going to participate in this REHAB Fair.

For more Bangladesh Real Estate and Housing info pls. visit: www.myRealEstateBd.com

Proposed Bangladesh 'Real Estate Management Ordinance 2008'

noreply@blogger.com (myRealEstateBD.com) — Fri, 26 Sep 2008 06:05:00 +0000

The Bangladesh Government and the Real Estate developers are apparently at loggerhead over the enactment of a draft ordinance named as 'Real Estate Management Ordinance 2008,' which is intended to regulate the country's booming real estate sector. The law ministry has been asked to place the draft before the council shortly for its final nod. The draft regulation stipulates jail terms and financial penalties for delinquent developers.

For Bangladesh Real Estate Update please Visit: myRealEstateBd.com

The government officials sat with the leaders of the Real Estate and Housing Association of Bangladesh (REHAB) quite a number of times to make the new laws and regulations acceptable to both the parties. The REHAB submitted a set of recommendations to the government for incorporating those in the ordinance. But after the passage of the draft ordinance, it was seen that those were left unnoticed. The REHAB quickly came up with a notice that if the ordinance is implemented, it will destroy the real estate sector, which accounts for around 11 per cent GDP.

Visit: myRealEstateBd.com to view Bangladesh Real Estate Apartment/Plot/Floor Space Buy/Sale/Rent leads.

Allegations of fraud and deception in handing over plots or flats, and illegal encroachment of private and public land are rife against a section of real estate companies. Many innocent people are often lured by false assurances of hole-in-the-wall housing companies due to lax monitoring of the sector, prompting the government to initiate the move to bring the fast-growing sector under a stringent law.

To stay updated about Bangladesh Real Estate Property Market click: myRealEstateBd.com

It suggested that real estate companies must obtain registration from the authorities concerned and get project designs approved under the Private Housing Project Land Development Rules-2004. An occupancy certificate is a must for handover of any plot or flat. The companies must clearly state in their prospectuses the consequences of failure to pay the installments by the buyers, and they must not sell out the flats of defaulters to third parties within 90 days of notification. The draft law stipulates that real estate companies will have to return the entire money along with interest to the buyers in three months' time in case of missing handover deadlines.

The developers have to take initiatives for ensuring utility services in the project areas. If any company is found that it starts the project work without permission, the company will be fined up to Tk 1.0 million and its executives may be punished with three years of imprisonment. It also imposes bar against mortgage of any plot or flat before it is handed over to its owner. Developers will be fined for failing to inform its clients before-hand about the mortgage of any complete or under-construction land, apartment or space. Besides, there will be penalties for not using agreed materials in construction and suspending a project without consulting clients.

The people, mainly the clients of new flats and plots are largely satisfied with the provisions of the new law. They said it might be able to reduce their sufferings to some extent. But it is apprehended that the government might not be able to implement it since the developers are very influential and can dictate terms.

As per ordinance, developers cannot file any case against those government officials who are responsible for supervising the activities of their activities. Yet any official from the developer's side can be fined or jailed for violating any clause of the ordinance. This is highly immoral and contrary to ethical norms, said the REHAB. No good and meritorious person will like to remain in the real estate sector, it added. The REHAB has over 350 members as of now. Besides them, a number of companies are now operating in small scale. The service sector witnessed a rapid growth in the last two decades, employing tens of thousands of workers in construction work and contributing to the expansion of related sectors like cement and steel.

The recent moderate earthquakes that hit Dhaka and adjoining area caused development experts in Bangladesh to contemplate the possible scenario of deaths and destruction in case an earthquake of severe intensity. Thousands of high-rise apartments were constructed almost overnight on hurriedly filled-up ditches and using low quality cements and iron rods in violation of a six-storied limit, imposed by the national building code. The other grim side of the story is that most of the land-owners or real estate developers, to avoid cost escalation, have relied heavily on ordinary masons instead of qualified structural engineers for technical advice while constructing the buildings.

Some unscrupulous real estate developers - certainly not all - usually indulge in all kinds of shoddiness to maximize their profits. A government agency like RAJUK is responsible to oversee the conduct of all real estate developers in the capital city to ensure that they follow the rules and codes and do not cheat the unsuspecting flat owners who would eventually buy them. However, before the draft ordinance goes to the council of advisers for its final approval, there should be a consensus settlement between the government and the leaders of the REHAB on the issues they have differences. Otherwise, the whole real estate sector is poised to witness chaos and confusion leading to its destruction.

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Bangladesh Bank Housing Loan Refinance Scheme is now getting response

noreply@blogger.com (myRealEstateBD.com) — Tue, 15 Jul 2008 10:31:00 +0000

Bangladesh Real Estate Apartment loan at 9% interest rate under Bangladesh Bank’s Housing Loan Refinance Scheme.

Bangladesh Bank's Housing Loan Refinance program in now getting responses after the central bank relaxed some conditions of the scheme in May this year.

In May 15, 2008 the Bangladesh Bank has reduced the interest rate to 9 percent from 10 percent and raised the monthly income ceiling of borrowers at Tk 50,000 from Tk 30,000.

Bangladesh Bank in the financial year 2007-08 launched the Tk.300 crore Housing Loan Refinancing Scheme for housing loan. But only Tk.7.79 crore was disbursed by the banks between July 2007 and April 15, 2008 out of Tk.100 crore earmarked for the fiscal period 2007-08.

But on June 30, 2008, the refinancing figure stood at Tk.46.34 crore. According to Bangladesh Bank’s Statistics of the Tk.46.34 crore, Delta Brac Housing Finance Corporation Ltd (DBH), alone disbursed Tk.31.10 crore. The other major lenders are Industrial Development Leasing Company (IDLC) disbursed Tk.4.55 crore, Peoples Leasing and Financial Services Ltd disbursed Tk.3.87 crore and Mercantile Bank Ltd. disbursed Tk.1.11 crore.

According to the revised policy, any person with a monthly income of less than Tk.50 thousands will only be eligible to get the housing (real estate apartment) loan upto Tk.20 lakh from 15 commercial banks and non-bank financial institutions either for buying or constructing an apartment of maximum 1,250 square feet in six divisional cities along with Tongi, Gazipur, Narayanganj and Savar areas.

The scheme has barred government employees and others who are entitled to housing loans from their respective organizations from receiving the special housing loans and if a person has already taken housing loans from a bank or financial institution will also not be considered under the scheme.

New Platform about Bangladesh

noreply@blogger.com (myRealEstateBD.com) — Fri, 04 Jul 2008 12:02:00 +0000

Opened a New Discussion Platform regarding Bangladesh. To write and share anything about Bangladesh please click Bangladesh

Real Estate Apartment Loan in Bangladesh at 9% interest rate.

noreply@blogger.com (myRealEstateBD.com) — Tue, 20 May 2008 12:03:00 +0000

Consumers may get Housing Loan at 9% interest rate under
Bangladesh Bank Housing Loan Refinance Scheme.

Bangladesh Bank has re-fixed interest rate to 9% by reducing 1% on the Real Estate Housing Loan Scheme for the middle and lower-middle income group by a notification.
Failing to achieve less than 20% of targeted 1st years Housing Refince Loan disbursement of Tk.100 crore out of Tk.300 crore scheme for 3 years.

Bangladesh Bank has announced that a person will be eligible for this housing loan who’s monthly income is Tk.50 thousand, earlier what was Tk.30 thousand; maximum loan amount under this scheme will be Tk.30 lac, earlier what was Tk.20 lac and maximum size of the apartment/ flat size could be 1250sft. Repayment time of this loan is 20 years with a grace period of 12 months.

Due to heavy increase in Bangladesh Real Estate construction cost, an apartment costing Tk.30 lac last year has rose to Tk.50 lac at present. Construction material price doubled within a year.

This loan shall be disbursed through commercial banks and housing financing institutions. So, consumers should contact with the commercials banks for availing real estate apartment loan under this scheme.

Photo of Bangladesh Bank Head Office

Visit myREALESTATEbd.com for more Bangladeshi Real Estate News.

Bangladesh Real Estate and Housing Industry Scenario

noreply@blogger.com (myRealEstateBD.com) — Wed, 30 Apr 2008 10:51:00 +0000

A brilliant article on Bangladesh Real Estate and Housing Industry present scenario written by Eng. Arshi Haider, Managing Director of BTI has been published in the Daily Star on Wednesday, April 30, 2007. We are publishing part of it for our readers and link for the whole article to read:

Woes of the housing industry
Arshi Haider

IT is often said that the housing industry is a fair barometer of the country's economy. Invariably, a successful and thriving economy is represented by a booming real-estate market. A few good examples are Hong Kong and Singapore in the recent past, and India, China, Dubai at present.

This "barometer" has also performed pretty accurately in Bangladesh, or, more specifically, in Dhaka. For certain periods of time over the last ten years, our economy has been prospering, and during that time the housing industry has witnessed a boom. But if one is to asses the present health of our economy, based on the condition of the housing industry, then it can surely be termed "poor."

In the last five years, the members of the Real Estate and Housing Association of Bangladesh (Rehab) constructed the following numbers of apartment units in Dhaka: 2003 - 4465 units, 2004 - 5075 units, 2005 - 5785 units, 2006 - 6433 units, and 2007 - 5800 units.

As we can see, the rising trend of growth was suddenly jolted in 2007. One quarter of the way into 2008, from the unofficial information available, the situation has deteriorated further.

So why is this important sector of our economy ailing? It directly employs about 1 million people, contributes about 15% to the country's GDP, and has provided a lucrative and respectable employment to the country's engineers and architects, which hitherto was limited to either poorly paid government jobs or migration to the Middle East.

Furthermore, the housing industry has been responsible for the setting up of the numerous factories -- cement, sanitary ware, ceramic tile, UPVC pipe, brick, electric cable, and aluminium section -- and has single-handedly revived the fortune of the doomed M.S. rod industry.

The simple answer to the above question is the total apathy of the successive governments towards this sector. Instead of nurturing of the housing industry with encouraging polices and incentives, it has been repeatedly held back by regressive polices.

For reading the full article please click: Woes of the housing industry

View and Advertise Bangladesh Real Estate Apartment, Plot, Flat, Land, House, Office Space Buy, Sale, Rent Leads at myREALESTATEbd.com, the No.1 Real Estate and Housing web portal of Bangladesh.

REHAB get together 2008 held

noreply@blogger.com (myRealEstateBD.com) — Sat, 12 Apr 2008 11:26:00 +0000

Eng. Tanviru Haq Probal, newly elected REHAB president is speaking to the gathering

A get together of Bangladesh Real Estate Developers (REHAB- Real Estate & Housing Association of Bangladesh ) held on Wednesday, 09 April, 2008 at Bangladesh China Friendship Conference Center, Dhaka, organized by the newly elected 11 REHAB member organizations.

Eng. Tanvirul Haq Probal, newly elected President of REHAB told the gathering that now the election is over, so, there is no separate panel, henceforth there is only one panel that is present Executive Committee of REHAB comprising all members. We shall build tomorrows REHAB unitedly.

After long 19 years of establishing REHAB an elected Executive Committee is formed, thus, the mood of festivity perceived in every body at the get together.

Visit: myREALESTATEbd.com for more Bangladesh Real Estate Information. View & Advertise FREE to Sale/ Buy/ Rent your Bangladeshi Real Estate Apartment, Plot, Flat, Land, House and so on.

REHAB Election 2008

noreply@blogger.com (myRealEstateBD.com) — Sun, 06 Apr 2008 08:07:00 +0000

Eng. Tanvirul Haq Probal, President REHAB and Kaled Mohammad Jewel Mollah, General Secretary, REHAB
Managing Director, Building for Future Ltd. and Managing Director, Sagufta N M Housing Ltd.

Our heartiest congratulations to Eng. Tanvirul Haq Probal, Managing Director, Building for Future Ltd. elected as the President and Ln. Khaled Mohammad Jewel Mollah, Managing Director, Sagufta N. M. Housing Ltd. elected as the General Secretary of REHAB Executive Committee for 2008-09.

Real Estate and Housing Association (REHAB) biannual election held on Saturday, 29 March, 2008. This is the first-ever election of REHAB prior its inception in 1992. Previously all the executive committees were made on selection basis. Nobodhara Panel won 11 seats leaded by Eng. Tanvirul Haq Probal, Managing Director of Building for Future Ltd. and Green Panel leaded by Mr. Mokarram Hossain has got 10 seats.

The first-ever election to the executive committee of Real Estate and Housing Association of Bangladesh (REHAB) for a one-year term (2008-09) held on March 29, 2008.

Previously all the executive committees were made on selection basis.

A total of 42 candidates were competed for 21 members of the executive body, who were elected by the association's 361 members.

REHAB, the apex trade body for the Bangladesh Real Estate Developers, was established with only 11 members in 1991, which aims to promote private sector housing.

Visit: myREALESTATEbd.com for more Bangladeshi real estate news.

Government of Bangladesh is going to enact Bangladesh Real Estate Law 2008.

noreply@blogger.com (myRealEstateBD.com) — Fri, 07 Mar 2008 10:42:00 +0000

Visit www.myREALESTATEbd.com for more informaton

To stop forgery and harassment of the clients in the Real Estate Sector, Government of Bangladesh is going to enact Bangladesh Real Estate Law 2008 with provision of Compensation or Penalty and/ or cancellation of license. Secretary, Ministry of Housing and Public Works informed that a draft law is already prepared and discussion on this primary draft held in the ministry on March 3, 2008. He also informed that after finalizing the draft in the ministerial meeting on March 10, 2008 it would be presented in the meeting of the Advisory Council of Bangladesh.

This law enforces Real Estate concerns of Bangladesh must have to be registered; only the registered concerns will be allowed to do real estate business in Bangladesh. It will be easier for the govt. to take stern action against the real estate concerns if complaint against any of them lodged.

The Secretary told the newsmen that by enacting this law discipline in Bangladesh Real Estate Sector would revive; at present there is no discipline in this sector.

Image of Sundarban

www.myREALESTATEbd.com is the Most Popular Real Estate web portal of Bangladesh ........Alexa

noreply@blogger.com (myRealEstateBD.com) — Tue, 22 Jan 2008 09:47:00 +0000

According to Alexa, The Web information Company, http://www.myrealestatebd.com/ is the Most Popular Real Estate web portal of Bangladesh.

http://www.myrealestatebd.com/ is ranked 1,657 in Bangladesh on Tuesday, January 22, 2008 at http://www.alexa.com/, The Web Information Company. Other Real Estate web portals of Bangladesh is ranked far behind to http://www.myrealestatebd.com/.

Screen shot of Alexa Ranking

For further traffic information you may visit the following link and compare with other web portals http://www.alexa.com/data/details/traffic_details/myrealestatebd.com

REHAB fair in Chittagong from Jan 17, 2008

noreply@blogger.com (myRealEstateBD.com) — Sun, 13 Jan 2008 09:26:00 +0000

A three-day Housing and Real Estate Fair begins in Chittagong from January 17, 2008.

The Chittagong chapter of Real Estate and Housing Association of Bangladesh (REHAB) is organizing the fair for the second time at the auditorium of Institute of Engineers Bangladesh.

Around 41 real estate firms from Dhaka and Chittagong will participate in the fair to display their offers at 45 stalls, said the organizers at a press conference at Chittagong yesterday.

Convener of REHAB Chittagong chapter Kazi Ainul Hoque said the participating firms will offer special discount and attractive gifts to their customers at the fair.The price of ticket for a day has been fixed at Tk.20/-, and Tk.50/- for three days, he said, adding that the proceeds from the ticket sales will be donated to the Sidr victims.

Developer held on charge of cheating

noreply@blogger.com (myRealEstateBD.com) — Fri, 07 Dec 2007 08:41:00 +0000

The managing director of a real estate company was arrested in the city on Tuesday in connection with cheating buyers of flats.

Dhanmondi police arrested Khairul Hasan, MD of Al Hasan Developers Ltd, after Mohammad Wahidur Rahman, an expatriate in London, filed a case against him in this regard. Wahidur Rahman bought a flat of ‘Holy Airab Palace’ constructed by Al Hasan Developers Ltd.

Monwar Hossain, officer-in-charge (OC) of Dhanmodni Police Station, yesterday said two more victims also contacted him to file cases against Khokan in this regard.

Meanwhile, complainant Wahidur Rahman told The Daily Star that the hired goons of Khokan were threatening him for filing case against him. He also lodged a general diary with Dhanmondi Police Station in this connection on Wednesday night.

Besides, Rifzana Biswas, also a buyer of flat, told The Daily Star through an email that the company was dillydallying in handing over her flat although she had paid the money.

Police said although the victim buyers paid the money for the flats according to the agreement, the developer company is yet to hand over the flats to them.

Moreover, the company is selling out the flats to others at a higher rate.

Source: The Daily Star, dated: Friday, December 07, 2007

REHAB Fair 2007 Concluded

noreply@blogger.com (myRealEstateBD.com) — Thu, 29 Nov 2007 09:10:00 +0000

REHAB Fair-2007 concluded on 25th November, 2007 with the commitment to lower the cost of urban housing.

Real estate companies yesterday pledged to develop lower cost urban housing solutions in order to meet the growing demands for affordable homes in Dhaka. While the focus was on the lower cost solutions a few luxury developers could be found. Developers are now planning most of their new projects targeting middle class people who make between Tk 20,000 and Tk 40,000 a month. A number of factors, including soaring construction costs and the government's drive against black money, have contributed to a sharp fall in the sale of apartments, which are down around 50 percent so far this year, according to REHAB. If the government builds proper infrastructure like highways and a good public transport system, developers will start to build lower cost housing projects in the suburban areas. It is observed that per square foot price of flats in Dhaka ranges between Tk.2,500/- and Tk.6,000/- depending on location.
Speaking as the chief guest at the closing ceremony of the REHAB Fair 2007 at a city hotel, Gen Moeen also expressed hope that in re-building infrastructure, all would abide by the Mahanagar Nirman Nitimala 2007 to ensure planned urbanisation for the sake of future generations. Army Chief Gen Moeen U Ahmed yesterday called on property developers to help build cyclone shelters and social housing for the disenfranchised. Appreciating the Tk 1 crore donated to the cyclone victims by the Real Estate and Housing Association of Bangladesh (Rehab), Moeen asked the organisation "To come, fund and build new cyclone shelters for people and cattle."

Despite the slump in the real estate sector, there was little evidence of a lack of enthusiasm among the crowds at the jam-packed fair. Highest a total of 136 REHAB members and 5 financial companies participated in this years fair.

Stand Beside the Cyclone-Hit People of Bangladesh

noreply@blogger.com (myRealEstateBD.com) — Mon, 19 Nov 2007 10:01:00 +0000

The Cyclone Sidr death toll may cross 10,000 and affected millions of People of Southern Districts; and left in crisis of Drinking Water, Diarrhoea and Hunger.

Stand beside the Cyclone-hit people of Bangladesh. The catastrophe left millions of people in crisis of Drinking Water, Diarrhoea and Hunger, they need help! Come forward, extend your helping hand, stand beside them. Our concerted effort can lessen the hardship of the marooned victims.

Over US$25m pledged in International Help. Already many organizations and persons have already came forward, helping in assorted means; directly to the victims, contributing cash or kind in various dependable Relief Funds or organizing local relief work.
Some of the funds organized are Prothom-alo Relief Fund, Bangla Link Relief Fund, Chief Adviser’s Relief Fund and many more.

Hurricane Cidr Destruction

Hurricane CIDR has paralysed the whole country. The road communication has disrupted, total country has gone out of electricity for around 24 hours and mobile & telephone connection has gone. After four days normalcy is coming back.

Dhaka City without Electricity after Cidr hit.

Hurricane Cidr Destruction

Dhaka Int'l Education Fair from November 9, 2007

noreply@blogger.com (myRealEstateBD.com) — Tue, 06 Nov 2007 08:18:00 +0000

Dhaka International Education Fair (DIEF) 2007 will be held at Bashundhara City Complex on November 9-12, 2007.

The fair is organized to facilitate the procedure of students' admission for higher education in different colleges and universities abroad. More than 55 educational institutions, counseling firms, immigration centers, language institutes and banks from home and abroad will participate in the fair. The institutions here will help the enthusiastic students by offering courses on different disciplines, time of the semester, providing application format and relevant information.

Representatives from different colleges and universities of Bangladesh, England, United States of America, Malaysia, Cyprus, Thailand, India, Ukraine, Japan, Australia, Ireland, Poland and Singapore will be present at the fair to reply to the inquiries of the students. At the same time the banks will offer student loan. Interview and spot admission will also take place at the fair at Bashundhara Expo Centre, Level-7. Eastern Bank Limited (EBL) is sponsoring the fair while Channel i, The Daily Shamakal, Radio Today and Prothom Alo Jobs will be the media partners.

The fair will remain open to all from 10:00am to 9:00pm and the entry fee is Tk10/-. "As part of our corporate social responsibility we are assisting the students in paying their tuition and admission fees," said Mohammad Musa, senior sales and service manager of EBL. He added that the bank will soon start granting education loans to the students.

2nd Dhaka International Mobile Fair is from December 10, 2007.

noreply@blogger.com (myRealEstateBD.com) — Wed, 24 Oct 2007 08:28:00 +0000

Syed Marghub Morshed (L), former Chairman of Bangladesh Telecommunication Regulatory Commission, Mir Nasir Hossain (L-2), president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), and M Nizam Uddin Jitu (R-2), president of Bangladesh Mobile Phone Business Association (BMPBA), are present in the press conference regarding mobile fare 2007.

A five-day 2^nd Dhaka International Mobile Fair 2007 with the slogan “Always Growing, Always Improving” is going to be held from December 10, 2007 to December 14, 2007 at China-Bangladesh Friendship Center.

“Always Growing, Always Improving” with this slogan 2^nd Dhaka International Mobile Fair 2007 is going to held from December 10, 2007 to December 14, 2007 at China-Bangladesh Friendship Center. The Bangladesh Mobile Business Association (BMBA) and Federation of Bangladesh Chamber of Commerce (FBCCI) is jointly organizing the fair.

Mobile Phone Operators, Manufacturers and Importers of mobile hand sets and PSTN service providers will display their products and services, it is expected that more than 100 stalls will be at the fair. The entry fee is fixed Tk 20/- per person.

President Iazuddin Ahmed is expected to inaugurate the fair. Bangladesh Mobile Phone Business Association President M Nizam Uddin Jitu, former Bangladesh Telecommunication Regulatory Commission (BTRC) Chairman Syed Marghub Morshed and FBCCI President Mir Nasir Hossain were present at the press conference.

noreply@blogger.com (myRealEstateBD.com) — Thu, 04 Oct 2007 11:08:00 +0000

Bangladesh Bank Housing Loan Scheme Starts Rolling

5-banks and 7-Financial Institutions signed agreements with Bangladesh Bank to distribute Housing Loans under the central bank’s home loan scheme. The banks are now ready to offer home loan at 10 percent interest, the lowest available rate in the country at present.

Bangladesh Bank Executive Director Abul Quasem apprised reporters of the progress of the central bank's home loan scheme at his office Wednesday.

"The low-cost loan is now set for disbursement. The prevailing stagnation in the housing industry would be removed with the start of disbursement of the loan," he said.

He added that the growth of housing industry would be increased, creating jobs for the low-income group. Find your dream home online now at http://www.myrealestatebd.com/

Replying to a question, the central bank executive, who is in charge of the scheme, estimated that the monthly installment against a 20-year-loan of Tk 15,00,000 would be Tk 14,000.

In response to another question, he said the problems regarding the home loan would be identified during its operation at the field-level and the central bank would review the conditions, if necessary.

The Bangladesh Bank has undertaken the home loan scheme to meet the growing demand for housing facilities to provide own accommodation to the country's low and middle-income groups of urban people. Find Apartment or Flat online at http://www.myrealestatebd.com/

The scheme is also to enhance the contribution of housing sector to the national economy. Visit myREALESTATEbd.com for Real Estate updates of Bangladesh.

An amount of Tk.300 crore has been allocated for the scheme, of which, Tk.100 has been kept aside for disbursement during the current fiscal year. The rest would be disbursed during the next 2 financial years.

The banks are National Credit and Commerce Bank Limited, (NCC Bank), Mercantile Bank Limited, Prime Bank Limited, Mutual Trust Bank Limited and Trust Bank Limited.

The financial institutions are Delta-BRAC Housing, National Housing and Finance Limited, IDLC, United Leasing, IIDFC, Lanka Bangla Finance and Fidelity Assets.

More banks are also on the line to sign such agreements with the BB.
For more information about Real Estate of Bangladesh visit: http://www.myrealestatebd.com/, the best Real Estate Property Web Portal of Bangladesh

REHAB Fair 2007

noreply@blogger.com (myRealEstateBD.com) — Fri, 21 Sep 2007 08:03:00 +0000

REHAB Fair 2007 will be held on 20-24 November, 2007

Dhaka Sheraton Hotel: The Venue

REHAB Fair 2007 will be held on 20-24 November, 2007 at Dhaka Sheraton Hotel.

Dhaka Sheraton Hotel: Atrium of the Lobby

Last REHAB Fair 2006 also held at Dhaka Sheraton Hotel on 20-24 February 2007 and 133 stalls were allotted among Real Estate Companies, Real Estate Related Material Manufacturers and Fianancial Institutions.

Visit: myREALESTATEbd.com for more Real Estate News of Bangladesh.

REHAB Fair 2006 Participants List:

Real Estate Companies:

A Aabash Moon Bangladesh Ltd. Visit: www.myREALESTATEbd.com

ABC Real Estates Limited. Visit: www.myREALESTATEbd.com

Advanced Development Consultants Limited. Visit: www.myREALESTATEbd.com

Advanced Development Technologies Ltd. Visit: www.myREALESTATEbd.com

Agrani Apartment Ltd. Visit: www.myREALESTATEbd.com

Alien Properties Ltd. Visit: www.myREALESTATEbd.com

Amicus Properties Ltd. Visit: www.myREALESTATEbd.com

Amin Mohammad Foundation Ltd. Visit: www.myREALESTATEbd.com

Amin Mohammad Lands Development Ltd. Visit: www.myREALESTATEbd.com

Anwar LandMark Ltd. Visit: www.myREALESTATEbd.com

ANZ Properties Limited. Visit: www.myREALESTATEbd.com

Apartment Design & Development (Pvt.) Ltd. Visit: www.myREALESTATEbd.com

Aristo Development Ltd. Visit: www.myREALESTATEbd.com

Artisan Apartments Limited. Visit: www.myREALESTATEbd.com

Assort Housing & Engineers Ltd. Visit: www.myREALESTATEbd.com

Assurance Developments Ltd. Visit: www.myREALESTATEbd.com

Atlantic Development Ltd. Visit: www.myREALESTATEbd.com

Avenue Builders Ltd. Visit: www.myREALESTATEbd.com

Bangladesh Development Company Limited. Visit: www.myREALESTATEbd.com

Bashati Consortium Ltd. Visit: www.myREALESTATEbd.com

Bay Developments Ltd. Visit: www.myREALESTATEbd.com

Biswas Builders Limited. Visit: www.myREALESTATEbd.com

Borak Real Estate (Pvt.) Ltd. Visit: www.myREALESTATEbd.com

Building Development and Design Ltd. Visit: www.myREALESTATEbd.com

Building For Future Ltd. Visit: www.myREALESTATEbd.com

Building Technology & Ideas Ltd. Visit: www.myREALESTATEbd.com

CapitaLand Development Ltd. Visit: www.myREALESTATEbd.com

Central Builders & Architects Limited. Visit: www.myREALESTATEbd.com

Century Realty Ltd. Visit: www.myREALESTATEbd.com

Chaya Developer Limited. Visit: www.myREALESTATEbd.com

City Axis Ltd. Visit: www.myREALESTATEbd.com

City Technologies Limited. Visit: www.myREALESTATEbd.com

Comprehensive Holdings Ltd. Visit: www.myREALESTATEbd.com

Concord Real Estate & Building Products Ltd. Visit: www.myREALESTATEbd.com

Configure Engineers & Construction Co. Ltd. Visit: www.myREALESTATEbd.com

Crescent Holdings Ltd. Visit: www.myREALESTATEbd.com

Darul Islam Housing Ltd. Visit: www.myREALESTATEbd.com

Delta Brac Housing Finance Corporation Ltd. Visit: www.myREALESTATEbd.com

Dom-Inno Builders Ltd. Visit: www.myREALESTATEbd.com

Earth Holdings (Pvt.) Ltd. Visit: www.myREALESTATEbd.com

East West Property Development (Pvt.) Ltd. Visit: www.myREALESTATEbd.com

Eastern Housing Ltd. Visit: www.myREALESTATEbd.com

Elite Properties Limited. Visit: www.myREALESTATEbd.com

Ena Properties Limited. Visit: www.myREALESTATEbd.com

Everest Holdings & Technologies Ltd. Visit: www.myREALESTATEbd.com

Family Living Ltd. Visit: www.myREALESTATEbd.com

Gawsia Developers Limited. Visit: www.myREALESTATEbd.com

Genetic Limited. Visit: www.myREALESTATEbd.com

Green Delta Housing And Development (Pvt.) Ltd. Visit: www.myREALESTATEbd.com

Hamid Real Estate Construction Ltd. Visit: www.myREALESTATEbd.com

Hassan And Associates Limited. Visit: www.myREALESTATEbd.com

Home Design Ltd. Visit: www.myREALESTATEbd.com

Hyperion Development Ltd. Visit: www.myREALESTATEbd.com

ICAB Housing Company (Pvt.) Ltd. Visit: www.myREALESTATEbd.com

Ideal Home Builders Limited. Visit: www.myREALESTATEbd.com

Imperial Consultants and Development Ltd. Visit: www.myREALESTATEbd.com

Imperial Real Estate Limited. Visit: www.myREALESTATEbd.com

Industrial Development & Leasing Company Ltd. Visit: www.myREALESTATEbd.com

Intex Builders Limited. Visit: www.myREALESTATEbd.com

Intimate Home Builders Ltd. Visit: www.myREALESTATEbd.com

Jamuna Builders Limited. Visit: www.myREALESTATEbd.com

Japan Garden City Ltd. Visit: www.myREALESTATEbd.com

Karigar Holdings Ltd. Visit: www.myREALESTATEbd.com

Kashba Housing Private Ltd. Visit: www.myREALESTATEbd.com

KEARI Ltd. Visit: www.myREALESTATEbd.com

Khondaker Property Ltd. Visit: www.myREALESTATEbd.com

Lab Aid Property Ltd. Visit: www.myREALESTATEbd.com

Latif Real Estate Ltd. Visit: www.myREALESTATEbd.com

Living Plus Limited. Visit: www.myREALESTATEbd.com

Living Stone Limited. Visit: www.myREALESTATEbd.com

M. A. Wahab & Sons (Real Estate) Limited. Visit: www.myREALESTATEbd.com

Manama Developments. Visit: www.myREALESTATEbd.com

Mega Builders Limited. Visit: www.myREALESTATEbd.com

Metro Homes Limited. Visit: www.myREALESTATEbd.com

Mission Energy and Properties Limited. Visit: www.myREALESTATEbd.com

Momen Real Estates Limited. Visit: www.myREALESTATEbd.com

Moon Light Development Ltd. Visit: www.myREALESTATEbd.com

Morphosis Developments Limited. Visit: www.myREALESTATEbd.com

MTC Properties Limited. Visit: www.myREALESTATEbd.com

Multiplan Limited. Visit: www.myREALESTATEbd.com

Nabo Uddoge Limited. Visit: www.myREALESTATEbd.com

Nagar Homes Ltd. Visit: www.myREALESTATEbd.com

Nandan Kanon Housing Ltd. Visit: www.myREALESTATEbd.com

Navana Real Estate Ltd. Visit: www.myREALESTATEbd.com

Neer Ltd. Visit: www.myREALESTATEbd.com

Noboudoy Housing Limited. Visit: www.myREALESTATEbd.com

Northern Foundation Ltd. Visit: www.myREALESTATEbd.com

Northern Real Estate Limited. Visit: www.myREALESTATEbd.com

Oriental Real Estate Ltd. Visit: www.myREALESTATEbd.com

Organ Developments Ltd. Visit: www.myREALESTATEbd.com

Paradise Development & Constructions Ltd. Visit: www.myREALESTATEbd.com

Parvin Properties & Technologies Ltd. Visit: www.myREALESTATEbd.com

Praasad Nirman Ltd. Visit: www.myREALESTATEbd.com

Protik Developers Limited. Visit: www.myREALESTATEbd.com

RAMS Holdings Limited. Visit: www.myREALESTATEbd.com

Rangs Properties Ltd. Visit: www.myREALESTATEbd.com

Reliance Development Associates Ltd. Visit: www.myREALESTATEbd.com

Ridge Park Holdings Ltd. Visit: www.myREALESTATEbd.com

Rupayan Housing Estate Limited. Visit: www.myREALESTATEbd.com

Rupayan Real Estate Limited. Visit: www.myREALESTATEbd.com

S A Khaleque Property Development Ltd. Visit: www.myREALESTATEbd.com

Sagufta N M Housing Ltd. Visit: www.myREALESTATEbd.com

Sahara City Housing. Visit: www.myREALESTATEbd.com

S. D. Properties Ltd. Visit: www.myREALESTATEbd.com

Shahjalal Property Limited. Visit: www.myREALESTATEbd.com

Shamsul Alamin Real Estate Limited. Visit: www.myREALESTATEbd.com

Shanta Properties Limited. Visit: www.myREALESTATEbd.com

Shaptak Grihayan Limited. Visit: www.myREALESTATEbd.com

Shatabdi Housing Limited. Visit: www.myREALESTATEbd.com

Sheltech (Pvt.) Ltd. Visit: www.myREALESTATEbd.com

Sheltech Towers & Apts. (Pvt.) Ltd. Visit: www.myREALESTATEbd.com

Sky View Foundation Ltd. Visit: www.myREALESTATEbd.com

Skyline Builders Limited. Visit: www.myREALESTATEbd.com

Skytouch Apartments Limited. Visit: www.myREALESTATEbd.com

South Surma City Limited. Visit: www.myREALESTATEbd.com

SS Builders & Developers Ltd. Visit: www.myREALESTATEbd.com

Sumona Private Limited. Visit: www.myREALESTATEbd.com

Swadesh Properties Limited. Visit: www.myREALESTATEbd.com

The Structural Engineers Ltd. Visit: www.myREALESTATEbd.com

Tropical Homes Ltd. Visit: www.myREALESTATEbd.com

Union Development & Technologies Ltd. Visit: www.myREALESTATEbd.com

Unique Property Development Ltd. Visit: www.myREALESTATEbd.com

Unitech Holdings Limited. Visit: www.myREALESTATEbd.com

Urban Property Development Company (Pvt.) Limited. Visit: www.myREALESTATEbd.com

Vertex Housing Limited. Visit: www.myREALESTATEbd.com

Xenovalley Model Town (Pvt.) Ltd. Visit: www.myREALESTATEbd.com

Zoha Properties Ltd. Visit: www.myREALESTATEbd.com

Finacial Institutions:

National Housing Finance And Investment Ltd. Visit: www.myREALESTATEbd.com

Prime Bank Limited. Visit: www.myREALESTATEbd.com

Standard Chartered Bank Ltd. Visit: www.myREALESTATEbd.com

Hope, this year lot more participants will take part in the fair.

Visit: myREALESTATEbd.com for Latest Real Estate Scenario of Bangladesh.

Dhaka Sheraton Hotel: Swimming Pool

REHAB Housing Fair in Rome, Italy on 1-3 September 2007.

noreply@blogger.com (myRealEstateBD.com) — Sun, 19 Aug 2007 10:17:00 +0000

REHAB Housing Fair in Rome, Italy on 1-3 September 2007.

A three day housing fair will begin in Rome, Italy from 1^st September, 2007 targeting expatriate Bangladeshis, Real Estate and Housing Association of Bangladesh (RHAB) informed the newsman at a discussion organized at a local hotel on Wednesday, August 15, 2007.

The discussion titled 'Role of Real Estate Sector as an Investment Opportunity for Non-resident Bangladeshis' (NRB) was attended by Pietro Ballero, Italian ambassador in Dhaka, and REHAB board members.

Some 42 developers and 5 financial institutions will take part in the fair at Radisson SAS Hotel, Rome.

Speaking at the function, Italian ambassador urged the developers to use in modern technologies in building apartments. He said the political situation in Bangladesh is now favorable for doing business and Bangladesh is a potential country.

Tanveerul Haque Probal, general secretary of REHAB, said the main objective of the fair is to promote the products and services of REHAB.

The fair will give the Bangladeshis living in Italy an opportunity to buy apartments and plots in their homeland, he said.

REHAB is organizing this fair at Rome after arranging such fair in London, New York and Dubai.

REHAB is also planning to arrange a fair again in New York on October 2007 and later on in Los Angels.

visit: www.myREALESTATEbd.com

Come forward to the Aid of Flood Devastated People of Bangladesh

noreply@blogger.com (myRealEstateBD.com) — Thu, 16 Aug 2007 10:05:00 +0000

Come forward to the Aid of Flood Devastated People of Bangladesh

Extend your helping hands in the relief and rehabilitation work for the Flood Devastated people of our country. Our concerted effort can lessen the hardship of the marooned victims.

Already many persons and organizations have already come forward, helping in assorted means; directly to the victims, contributing cash or kind in various dependable Relief Funds or organizing local relief work. Money being donated to the Chief Adviser’s Relief Fund has been declared tax-free as per a previous government order SRO (no-125-act/91) dated 5 May, 1991, a fresh government announcement confirms this.

Some of the donations and contributions listed below:
->GP donates Tk 43.1m to the CA's Relief Fund.
->Sri Lanka donates US$.25,000 to the CA’s Relief Fund.
->Prime Bank Ltd. donated Tk.20 lakh to the GOC of 19th Infantry Division for relief of the flood affected people of that area.
-> Dhaka Club donated Tk.10 lakh to the CA’s Relief Fund.
-> Bank Asia Ltd. donated Tk.10 lakh to the CA’s Relief Fund.
-> Standard Chartered Bank donated Tk.1.5 crore to the CA’s Relief Fund.
-> Summit Group donated Tk.10 lakh to the CA’s Relief Fund.
-> Shahjalal Islami Bank donated Tk.20 lakh to the CA’s Relief Fund.
-> Members of BDR donated their one day’s salary worth Tk.54,86,387.
-> Department of Pharmacy and Biological Science of Dhaka University launched a saline making project.
-> Sweden has decided to grant US$3 lakh to Bangladesh.
-> Swedish International Development Co-operation Agency sanction donation of SEK1 million ($1.5 lakh) to Save the Children Sweden for relief work and another SEK1 million to the Swedish Red Cross.
-> Saudi Arabia would provide $50 million for helping the flood-hit people and food & other materials.
-> Members of Bangladesh Army donated their one day’s salary.
-> Employees Banglalink donated their one day’s salary.
-> Bangladesh Army set up mobile hospital for the floor victims.
Send your donation to the now to the Chief Adviser’s Relief Fund. You may also send your donation to the Daily Ittefaq Tran Tohobil to account no.SB-98330, “Ittefaq Tran Tohobil”, Pubali Bank Ltd., R. K. Mission Road Branch, Dhaka-1203.

Courtesy: myREALESTATEbd.com

Real Estate in Bangladesh

Greetings of Pahela Baishakh

REHAB Fair Chittagong 2009 starts on January 29, 2009

RAJUK extended time for application upto 15 January, 2009 for Uttara and Purbachal

RAJUK has extended time upto 15 January, 2009 for application of allotment of Plot at Purbachal and Uttara Extended 3rd Phase Project.

Dhaka improvement authority ‘Rajdhani Unnayan Kartipakkha (RAJUK)’ has extended time upto 15 January, 2009 to apply for allotment of plot of land at Uttara Extended 3rd Phase and Purbachal New Town Project at Dhaka due to huge rush of applicants.

RAJUK officials said the last date for procuring forms is now 14 January and that for submitting those is 15 January 2009, instead of 17 and 18 December, 2008 as per the previous call.

For latest Bangladesh Real Estate info visit: myRealEstateBD.com

RAJUK has invited application for Allotment of Plot at Uttara & Purbachal

REHAB fair Dhaka 2008 begins

REHAB Housing Fair, USA 2008

Proposed Bangladesh 'Real Estate Management Ordinance 2008'

Bangladesh Bank Housing Loan Refinance Scheme is now getting response

New Platform about Bangladesh

Real Estate Apartment Loan in Bangladesh at 9% interest rate.

Bangladesh Real Estate and Housing Industry Scenario

REHAB get together 2008 held

REHAB Election 2008

Government of Bangladesh is going to enact Bangladesh Real Estate Law 2008.

www.myREALESTATEbd.com is the Most Popular Real Estate web portal of Bangladesh ........Alexa

REHAB fair in Chittagong from Jan 17, 2008

Developer held on charge of cheating

REHAB Fair 2007 Concluded

Stand Beside the Cyclone-Hit People of Bangladesh

Dhaka Int'l Education Fair from November 9, 2007

2nd Dhaka International Mobile Fair is from December 10, 2007.

REHAB Fair 2007

REHAB Housing Fair in Rome, Italy on 1-3 September 2007.

REHAB Housing Fair in Rome, Italy on 1-3 September 2007.

Come forward to the Aid of Flood Devastated People of Bangladesh

RAJUK has extended time upto 15 January, 2009 for application of allotment of Plot at Purbachal and Uttara Extended 3^rd Phase Project.

Dhaka improvement authority ‘Rajdhani Unnayan Kartipakkha (RAJUK)’ has extended time upto 15 January, 2009 to apply for allotment of plot of land at Uttara Extended 3^rd Phase and Purbachal New Town Project at Dhaka due to huge rush of applicants.