The Real Estate and Housing Association of Bangladesh (REHAB) has demanded the formation of a special fund of Tk 3,000 crore to keep the country’s housing sector afloat amid the current global war situation.
On Tuesday (March 10), REHAB’s top leaders met with Bangladesh Bank’s new Governor Md. Mostaqur Rahman and formally presented their proposal.
REHAB President Md. Wahiduzzaman, Senior Vice President Liaquat Ali Bhuiyan and Vice President-1 Lion M. A. Awal (former MP), Directors Md. Kamrul Islam and Miraj Muktadir were present at the meeting held at the Bangladesh Bank’s head office. At that time, they highlighted the current situation of the country’s housing sector and expressed the need for policy and financial support from the central bank.
REHAB leaders said that the housing sector is one of the most important sectors of the country’s economy and more than 250 industries are directly and indirectly involved in it. But due to the recent global instability and war situation, the price of construction materials has increased, financing crisis and uncertainty has arisen in the market. As a result, serious problems have arisen in the housing industry.
In this context, REHAB leaders proposed to form a special fund of Tk 3,000 crore to sustain the housing sector and keep the ongoing projects running. At the same time, they also emphasized the introduction of low-interest long-term housing loan facilities for the middle and lower middle class people and simplifying the housing loan approval process in banks.
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