Real estate fair kicks off in Ctg
A four-day real estate fair started in Chittagong yesterday to promote environment-friendly housing for all.
Industries Minister Dilip Barua attended the inauguration of Bangladesh Real Estate Directory (BD-RED) Abasan Mela at the Institution of Engineers in Chittagong as the chief guest.
The minister observed real estate has emerged as a fast-growing sector in a relatively brief period.
The minister blamed some frauds, who in the name of real estate business, have tarnished the image of the sector by grabbing the resources of people without any qualms.
The minister urged honest entrepreneurs to be careful about such elements.
Describing the loss of the country's 1 percent of the agricultural land every year to housing and other infrastructure development as alarming, Barua called upon the realtors to plan and implement coordinated housing and urbanisation drives to address the growing housing needs in the country.
Unplanned urbanisation gives rise to water, gas and power crises and sewage problems and cause environment pollution in the big cities, he observed.
The minister hoped that the fair would help the Chittagong citizens find environment friendly and durable accommodation.
BD-RED Chief Executive Mohammad Yasin Khan sought cooperation from different government organisations to implement planned housing.
At least 47 real estate and construction material companies from the capital and Chittagong were taking part in the fair, said the organisers.
The fair will remain open from 10.00am to 9.00pm until Saturday.
Seven Properties Ltd is the event partner of the fair. Amin Mohammad Group, Berger Paints, KK Foundation Ltd, Asian Paints Bangladesh Ltd, Comfort Homes Limited, Impulse Properties Ltd, Nasim Group, Sky-tech Builders and Developers Limited and Nazrul Chowdhury Assets are the co-organisers.
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