Form low-cost fund to bring housing within capacity of people: REHAB

The Real Estate and Housing Association of Bangladesh (REHAB) today demanded the formation of a long-term fund with a low-interest rate in the proposed budget so that the people can afford their own dwelling place at the equivalent of house rent.

Rehab, in a statement today, said there is an opportunity to further reduce the registration cost in this sector as compared to other countries.

Expressing hope that the government will implement its other demands in the future, REHAB, said it believes that Bangladesh will go a long way towards achieving its goal by implementing a well-thought-out budget of Tk 603,681 crore amid Covid 19 fallout.

It also thanked the government for waiving special tax and duty on various construction materials related to the housing sector, especially rods, cement, tiles and other raw materials in the proposed national budget.

"We have been working relentlessly as a development partner of the government for a long time. In all, about 50 lakh manpower is involved in the entire construction sector. The backward linkage industry of the real estate sector has kept our economy afloat," REHAB said.