This year’s budget kept
opportunity to invest undisclosed money in buying land and flats paying only
15% tax without any question. The real estate sector has been suffering for a
long time due to price hike of construction materials, as a result it elevates the
price of apartments, which drove the buyers away.
The government’s decision to provide a scope to invest black money in purchasing apartments and land, as well as tax cut in MS Rod will reduce the construction cost, will surely boost the real estate and housing sector. This sector has always been supported by a number of government initiatives. Real Estate & Housing Association of Bangladesh (REHAB) leaders have expressed their delight in this regard.
The real estate and
housing sector is one of the fastest growing sectors in Bangladesh. The sector
has created two million jobs in this country and more than 29 ancillary
industries are dependent on this. It has contributed significantly to the
country’s economy.
