Integrated plan needed to ensure accommodation for all: Speakers
Dhaka, May 12 (UNB) - Speakers at a discussion on Saturday urged the government to take an integrated plan and make more budgetary allocations to ensure accommodation facilities for all, including the lower-income group.
They said all people have dreams of having houses of their own. However, the dreams of about 80 percent lower-income people remain unfulfilled due to an exorbitant rise in the prices of land and apartments.
Bangladesh Brand Forum and REHAB jointly organised the discussion at Radius Centre, Bay’s Galleria in the city.
Moderated by REHAB President Nasrul Hamid, MP, the discussion was addressed, among others, by executive director of Bangladesh Bank Sudhir Chandra Das, REHAB joint secretary Major (retd) Jamshed Hassan and it executive committee member Prof. Dr Abu Yousuf M Abdullah, manager (sales) of Delta Brac Housing Finance Corporation Ltd (DBH) Kyser Hamid, member (planning) of RAJUK Abdul Mannan, deputy managing director of Brac Bank Limited Mamdudur Rashid and DGM and Head of Consumer Division of IDLC Financing Limited Irteza A Khan.
Nasrul Hamid said the government’s responsibility is to ensure accommodation facilities for all. “It should take an integrated plan and give more allocation in every fiscal to address the growing accommodation crisis.”
“The government should introduce such a system by developing taxation so that the lower-income group can afford to have houses and the real estate companies can make profits as well.”
Sudhir Chandra Das said the bargaining chip of the landowners has increased by such an extent that it can be called a ‘landowner-driven market’.
“About 70 percent of the cost comes from land purchase in case of building a house. The remaining 30 percent comprises of other aspects… so the main solution would be to expand the city laterally, creating demand in sub-urban areas rather than decreasing prices in the urban area,” he said.
Abdul Mannan said Rajuk has been implementing three projects in 2004 to address to accommodation crisis.
They said all people have dreams of having houses of their own. However, the dreams of about 80 percent lower-income people remain unfulfilled due to an exorbitant rise in the prices of land and apartments.
Bangladesh Brand Forum and REHAB jointly organised the discussion at Radius Centre, Bay’s Galleria in the city.
Moderated by REHAB President Nasrul Hamid, MP, the discussion was addressed, among others, by executive director of Bangladesh Bank Sudhir Chandra Das, REHAB joint secretary Major (retd) Jamshed Hassan and it executive committee member Prof. Dr Abu Yousuf M Abdullah, manager (sales) of Delta Brac Housing Finance Corporation Ltd (DBH) Kyser Hamid, member (planning) of RAJUK Abdul Mannan, deputy managing director of Brac Bank Limited Mamdudur Rashid and DGM and Head of Consumer Division of IDLC Financing Limited Irteza A Khan.
Nasrul Hamid said the government’s responsibility is to ensure accommodation facilities for all. “It should take an integrated plan and give more allocation in every fiscal to address the growing accommodation crisis.”
“The government should introduce such a system by developing taxation so that the lower-income group can afford to have houses and the real estate companies can make profits as well.”
Sudhir Chandra Das said the bargaining chip of the landowners has increased by such an extent that it can be called a ‘landowner-driven market’.
“About 70 percent of the cost comes from land purchase in case of building a house. The remaining 30 percent comprises of other aspects… so the main solution would be to expand the city laterally, creating demand in sub-urban areas rather than decreasing prices in the urban area,” he said.
Abdul Mannan said Rajuk has been implementing three projects in 2004 to address to accommodation crisis.
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