Realtors get Tk 1,433cr bookings at REHAB fair
Realtors received bookings and commitments for buying flats, plots and commercial spaces worth Tk 1,433 crore at the five-day REHAB Fair in the capital that ended on Sunday.
The Real Estate and Housing Association of Bangladesh (REHAB), the organiser, said 520 flats worth about Tk 416 crore and 145 plots of about Tk 72.5 crore were booked at the trade fair at Bangabandhu Interna-tional Conference Centre in Dhaka.
Besides, 14 commercial spaces worth Tk 28 crore were also booked. Commitments for purchasing property valued at Tk 917 crore were made at the fair, the association said in a statement yesterday.
A huge number of visitors thronged the fair venue on the last day of the event thanks to the public holiday on account of Christmas.
About 25,000 visitors came to the fair buying tickets. The number of visitors and potential buyers at the fair this year was much more than that of last year, said the organiser.
The participating companies offered discounts to attract buyers. The realtors said prospective buyers mostly looked for small and medium-sized flats.
The realtors showcased their products and projects in 175 stalls and said they received a good response.
The visitors, who were mostly from the lower-middle and middle income groups, were looking for offers of small apartments, according to the association.
Financial institutions that have lending operations in the housing sector also took part in the fair to offer additional benefits to the visitors.
“We got a huge response this time,” Kamal Mahmud, co-chairman of the REHAB media committee, said earlier. “The number of visitors beat our expectations.”
Since 2012, the once-burgeoning real estate sector has been in difficult times due to political instability, squeezed bank loans, a bearish stockmarket, and a lack of adequate gas and electricity supplies.
But riding on recent political stability and price corrections, Bangladesh's real estate sector may make a comeback this year, said a number of developers.