Staff Reporter :
A five-day Winter Fair-2016 of the Real Estate & Housing Association of Bangladesh (REHAB) concluded in the capital on Sunday with tremendous response from the buyers.
The fair was organized at the Bangabandhu International Conference Center (BICC) drawing 26 thousand visitors. The organizers will detail everything at a press conference soon.
Apart from the sales, a total of 175 companies participated in the five-day fair. The presence of a good number of visitors at the fair raised new hopes among the sector people. All the developers are receiving good responses, the association said in a statement.
The visitors, who were mostly from the lower-middle and the middle income groups, ordered small apartments, according to the association.
The realtors offered discounts and gifts to attract buyers. Financial institutions that have lending operations in the housing sector also took part in the fair, giving additional benefits for the visitors. Participants said, the potential buyers have taken project brochures and they hope that they will contact them in future to make a purchase.
Apart from housing projects, developers also showcased various civic facilities like educational institutions, community centres, gymnasium and mosques.
Among the participants, Navana Real Estate has undertaken four projects in the capital’s sprawling Mirpur area, keeping in mind the need and purchasing capacity of the middle-income buyers.
Of the four projects, three projects — Navana City Dale, Urban Dale and Spring Dale — are located at Mirpur-15. There will be 1,500 flats in the projects with sizes ranging between 1,300 and 2,048 square feet.
Building Technology and Ideas Ltd, another developer, has undertaken two projects at Uttara, with the size of the apartments ranging between 935 and 1,249 square feet.
Riding on recent political stability and price corrections, Bangladesh’s real estate sector may make a comeback, after three years.
Since 2012, real estate sector has been in difficult due to the intermittent political instability, squeezed bank loans, a bearish stock market, and a lack of adequate gas and electricity supplies.
Kamal Mahmud, Chairman of fair organizing committee told the New Nation, “We have received tremendous response from the buyers. We hope we may overcome the inertia of this sector shortly.”
