Bangladesh Real Estate and Housing Industry Scenario

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

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REHAB get together 2008 held

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.

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REHAB Election 2008

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.

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