Al Amin :
Country’s housing sector has witnessed a strong bounce back from the ongoing Covid-19 pandemic shock.
The sector insiders said sufficient bank loans, surge in housing demand and stimulus by the government have helped to revive the sector amid the pandemic.
The pandemic had posed a severe setback for the real estate sector, they added.
During the pandemic, people felt the need for better houses and in spite of uncertain times, people chose to channel their savings to create a real estate asset, they said.
According to a data, revealed by Real Estate and Housing Association of Bangladesh (REHAB), flats, plots, commercial spaces have been sold and booked worth over Tk 400 crore during a five-day long REHAB Fair-2021 at the premises of the Bangabandhu International Conference Center in the capital.
Of this, Tk 198 crore for flats, Tk 125 crore fo plots and Tk 75 crore for commercial spaces, the data said.
Besides, the realtors have received bank commitment worth around Tk1500 crore during the fair, it said.
Speaking at a press conference at the closing day of the fair on Monday, REHAB President Alamgir Shamsul Alamin (Kajal) said, “The main goal of the fair is to band our products. All of the visitors came to here will buy flat or plot today or tomorrow.”
“The participated companies have informed the customers about the quality of their products and the buyers will take final decision,” he said.
The banks and financial institutions, took part in the fair, offered low interest loans and discounts on loan processing costs to the customers intending to buy flats and plots at the fair.
Md Israfil Alam, Managing Director of Ishaq Developers Ltd, told The New Nation, “We have got a response from the customers during the fair. Higher demand for small, medium and ready flats has also seen at the fair. We have fixed prices of the flats keeping middle class customers in mind.”
“We are selling qualitative flats at comparatively low prices due to the construction cost was a little bit low as the flats were built amid the pandemic. Hopefully, the customers will chose our products, if they want long durable flats,” Alam said.AKM Rafiul Islam, Senior Assistant General Manager of Sheltech (Pvt) Limited, said, “Hopefully, the impact of the pandemic on the housing sector will subside soon. The large number of visitors and high demand for flats in this fair raise such hope.”
“However, the flat prices have gone up a bit due to the increase in the price of raw materials. Customers are comparatively more interested in buying flats at Mohammadpur, Mirpur, Malibagh and Uttara mid-zone where prices range from Tk90 lakh to Tk1 crore,” he added.
