REHAB fair sales may cross Tk500cr
The REHAB fair yesterday experienced a crowd of customers who showed much more interest in buying both apartments and plots, which, according to organisers, might help surpass their last year's sales record of around Tk500crore.
The five-day exposition, where developers showcase their services and products annually, started Tuesday at the Bangladesh China Friendship Conference Centre in the capital.
A total of 187 members of the Real Estate and Housing Association of Bangladesh (REHAB) are taking part in the fair.
"Although most customers show interest in flats, a big number of them are looking for plots as many consider a piece of land as a future investment because of the rising prices of lands in and around the capital," said Nazrul Islam, marketing manager of Tanik Kunja Housing Prokalpo.
Islam further said he has so far received bookings for 30 plots of his 200-plot project located near Jatrabari. "Prices of per khata of land of my project range from Tk 7 lakh to Tk 8 lakh," he added.
According to developers, the low-income group, who cannot afford to buy flats in Dhaka at a price ranging from Tk 40 lakh to Tk 50 lakh, buy plots at a cost between Tk 15 lakh and Tk 30 lakh in the suburbs.
"Generally customers buy apartments to live in, but most of the time they buy plots to construct building or home in future," said Sharif Hossain Bhuiyan, assistant general manager of Sheltech.
Sheltech has offered a 10 per cent discount on booking on its plots located at Ashulia. Different sizes of plots ranging from 3 katha to 10 katha are selling at Tk 8 lakh-Tk 9 lakh a khata, he said.
Officials of the ICAB Housing Company (Pvt) Ltd said they have announced up to Tk 1.5 lakh discount on each katha of land.
On the response from customers, an official of Hamid Real Estate Construction Ltd, the owning company of Priya Prangan Residential Area at Keraniganj, said, “On the first two days visitors only moved around to make up their minds on buying or booking apartments and plots. But now they have begun buying."
The fair organisers are also upbeat on its success. REHAB President Tanvirul Haque Probal said: "Usually we don't set a sales target for a fair. But this time we are optimistic to surpass last year's sales volume."
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