DAP will raise fixed prices

If the housing sector grows, so will the backward link industries such as cement, paint, steel and ceramics, said Alamgir Shamsul Al-Amin, chairman of REHAB. Photo: star / file

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If the housing sector grows, so will the backward link industries such as cement, paint, steel and ceramics, said Alamgir Shamsul Al-Amin, chairman of REHAB. Photo: star / file

Real estate developers are concerned about the rising cost of building materials as well as the proposed Detailed Area Plan (DAP), which will guide future construction in Dhaka City, according to the Real Estate and Housing Association. of Bangladesh (REHAB).

“I am concerned that the price of apartments will increase in the future if the cost of building materials, especially rod and cement, continues to rise and the proposed DAP is implemented,” said Alamgir Shamsul. Al-Amin, president of REHAB.

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As such, a basic human need such as housing could be beyond the reach of middle-class people if these issues are not addressed.

Al-Amin made the comments while discussing the upcoming REHAB fair at a press conference at the Sonargaon Hotel in Dhaka yesterday.

“So this year’s show could be a golden opportunity for buyers, as various companies will be offering relatively special prices for apartments from projects already launched,” he said.

In addition, if the housing sector advances, so will the upstream link industries such as cement, paint, steel and ceramics, Al-Amin added.

In light of the new DAP being prepared by Rajdhani Unnayan Kartripakkha for the period 2017-35, the building construction rules for Dhaka 2021 are also being developed.

If these rules are finalized, the size of buildings approved for construction will decrease by at least 33 percent to 53 percent from current standards while apartment prices will increase by 50 percent.

Opposing the proposed guidelines, REHAB wrote a letter to Prime Minister Sheikh Hasina detailing these issues during the first week of December.

REHAB 2021, a five-day event where REHAB members will present their housing solutions, is expected to start on December 23 after a two-year hiatus.

The fair, to be held at the Bangabandhu International Conference Center in Agargaon, will feature 220 booths which will also be attended by building material suppliers and financial institutions.

Minister of Commerce Tipu Munshi is expected to participate in the inaugural ceremony as a guest of honor.

Like every year, visitors to the show will have the chance to win attractive prizes in a draw with their entry tickets. REHAB started hosting the fair in 2001 and has since handed over over 2.25 lakh apartments to the annual event.

With a current workforce of 1,191 companies, REHAB is the only professional organization of real estate developers in the country.


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