An overview of Real Estate business in Bangladesh Problem & Prospectus

Introduction:

Urbanization is an outcome of both population growth and rural-urban migration. As urbanization increases, more and more people are becoming city dwellers. Bangladesh is not any exception to that picture. In Bangladesh the problem of urbanization is further aggravated by limited and supply in urban areas, lower and utilization and lack of proper planning and land use policy. As globalization increases, the process of urbanization increases. It has momentum urbanization both in developed and developing countries. The ever-increasing urban population is creating an increasing demand fro shelter. The right of shelter is a fundamental right, which is ensured by both UN declaration and constitution of Bangladesh. But being a government of a poor developing country, it is almost impossible on the part of the government to ensure housing for all. As public sector failed to ensure their right, people have taken their own initiative to ensure their fundamental need of shelter. Private sector and real estate companies both are working together hand in hand to quench the ever-increasing thirst of people for shelter. Dhaka, the capital of Bangladesh, is facing more acute housing problem than any other cities of the country. This paper is an attempt to observe how private developer and real estate companies are contributing to dislodge the housing problem in the urban areas of Bangladesh with special reference to Dhaka and to provide some guideline for sustainable development of this sector.

Real estate is a large and important sector in Bangladesh. It is therefore necessary to analyze the overall situation of the business with a view to maximize the benefit therefore. This study helps to portray the situation to some extent.



Financing is a great concern for real estate business. The major sources of financing are BHBFC & Commercial banks etc. The demand for BHBFC loans, increases in demand for BHBFC loans, housing units constructed by BHBFC loans, commercial banks housing loans etc.

The report on “The status of real estate development in Dhaka as a capital city” helped to categorize the projects according to their nature, zone, price, size, units, key feature & forecasting the growth of real estate development etc.

Government, private sectors & NGOs play a pivotal role in rural and urban housing. Among the considerable factors, space housing loan terms, sanitation, water supply and sewerage facilities are the key factors. These are revealed by Halcrow Fax and Associates (UK) in association with EDU International (UK), Bangladesh consultant’s ltd.

Objectives:

a)Overall:
The objective of this report is to learn about the problem & prospectus of the real estate industry in Bangladesh perspective. This report allowed us to combine our bookish knowledge with real life practice among the construction companies in Bangladesh.

b)Specific:
• To identify the necessity of housing
• To find out the government role for planned urbanization
• To evaluate the overall situation of real estate business.
• To have an understanding of the activities of the company.
• To understanding the marketing objectives: product, place,
price, promotion.
• To identify the problems faced by the real estate companies.
• To find out the problem of this sector, development and others.

to be continued.........

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