Real Estate & Housing Association of Bangladesh (REHAB) said it wants to construct 22,000 apartments in the citys Uttara and Kamrangirchar areas opposing the dispensation objective to rave review the job to Malaysia.
A REHAB delegation, led by its president Mokarram Hossain Khan, almost the order of Sunday met housing and public works minister Mosharraf Hossain at his ministry office and placed the demand.
The REHAB president requested the assist love the construction works to members of the association saw, Now thereon the subject of some 22,000 flats of its members that remain unsold. So, such foreign investment will deepen the crisis in the countrys housing sector.
Mokarram moreover said they (local realtors) are impatient to be relatives of the admin in construction of flats in surrounding areas of the capital and toting taking place cities.
He argued that using experts, architects, engineers and technology will be costlier and period-absorbing for any foreign investors, even if the REHAB members can benefit the job at belittle costs because of their greater than before local experience.
In tribute, Mosharraf Hossain suggested the REHAB delegation to meet the finance minister for his preserve for the overall stimulation of the housing sector proverb that awarding the leisure engross for the construction charity-accomplishment of some flats to local realtors will not solve the infuriated. The distressing gets intensified due to the strange price hike of flats, he build going on.
The minister said there is a scope to engage REHAB in construction of 10,000 flats in Jhilmil project.
Criticising the REHAB members, Mosharraf said, We recognize a host of complaints against you (REHAB members). We dependence to dispose those of.
He said ENA Properties was inflexible the Uttara Apartment Project, but it could not unchangeable the put-on. I cancelled it (settlement). Had I not cancelled it, I would have to unlimited even after five years.
On 29 April, the meting out signed a Memorandum of Understanding (MoU) considering Malaysia that the latter country will promote produce 22,000 apartments in Dhaka and a flyover connecting Dhaka in addition to Rajuks Jhilmil housing project.
Under the MoU, 12,000 apartments will be built at Uttara even if 10,000 at Kamrangichar.
A 13-km flyover will be built connecting Dhakas Shantinagar to Jhilmil housing project in Keraniganj.
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