Breaking News
January 25, 2022 - Md. Kyser Hamid, Managing Director and CEO of Bangladesh Finance Limited and Rahel Ahmed, CEO of Nagad, exchanging document after signing an agreement at Bangladesh Finance head office in the capital on Monday. Under the deal, the finance company will be able to provide various digital transaction related services including opening of savings account and deposit collection, SME loan disbursement and repayable loan installment collection, factoring loan disbursement through ‘Nagad’ from now on. Senior officials from both companies were present.
January 24, 2022 - Sheikh Mohammad Salim Ullah, Financial Institutions Division’s Secretary of Finance Ministry, distributing blankets among cold-hit people at Motigonj of Sonagazi Upazilla in Feni district on Friday organized by Rupali Bank Limited. Mohammad Jahangir, DMD, Md Ismail Hossain Sheikh, GM of Cumilla Divisional Office of the Bank and local elites were present.
January 13, 2022 - Tk 600,000 of fish caught at once in Cox’s Bazar
January 13, 2022 - Jahangirnagar University observes 51st founding anniversary
January 12, 2022 - Rezaul made MD & CEO of upay
January 12, 2022 - ABM Mokammel Hoque Chowdhury, Managing Director of Union Bank Limited, distributing blankets among the helpless, sick and cool affected people in the capital recently. Other top officials of the bank were present.
January 12, 2022 - JQM Habibullah, DMD of Islami Bank Bangladesh Limited (IBBL) and Dr Enamul Hoque, Director Operation and COO of Epic Health Care Limited, exchanging document after signing an agreement recently at IBBL Chattogram Zone Office on Monday. Under thedeal, card-holders of the bank will now enjoy special discount in bill payment of the medical center. Top officials from both sides were present.
January 12, 2022 - Mofizur Rahman, Managing Director of Novoair Limited, celebrating its 9th anniversary through cutting a cake at its head office in the capital recently. Top officials of the company were present. 12 January 2022
January 1, 2022 - Sajedul Islam, Director of Aftab Automobiles Limited, presiding over its 41st AGM held through virtually on Thursday. The AGM approved 5% cash dividend and 5% stock dividend to all shareholders for the year ended 30 June 2021. Directors and a large number of shareholders of the company were present.
January 1, 2022 - M. Reazul Karim, Managing Director and CEO of Premier Bank Limited receiving the ‘Letter of Appreciation’ for the outstanding role in distributing 100% of Covid-19 CMSME Stimulus Package in the first phase from Bangladesh Bank Governor Fazle Kabir at the bankers’ meeting held at BB’s head office in the capital on Tuesday.
December 26, 2021 - Rangpur region to produce 63,661 tons of wheat BSS
December 26, 2021 - Climate vulnerable agricultural sectors
December 26, 2021 - Promising new cotton variety may cut Bangladesh’s import dependency
December 26, 2021 - Jessore’s date juice industry in jeopardy
December 26, 2021 - Brac Bank wins 4 prizes at South Asian Business Excellence Awards 2021
December 26, 2021 - REHAB Winter Fair 2021: Plots, flats beyond reach of middle-class
December 26, 2021 - Bangladeshi scientists unveil full genome sequence of salinity and flood tolerant rice
December 18, 2021 - Md Saiful made MCCI president
December 18, 2021 - ICAB gets new body
December 18, 2021 - PM witnesses enthralling cultural show on V-Day and Mujib Borsha celebrations
December 17, 2021 - Brac Bank reappoints Selim RF Hussain as MD, CEO
December 17, 2021 - Bangladesh Bank appoints new executive director
December 16, 2021 - BLRI develops new variety of chicken
December 16, 2021 - 12th International Poultry Show and Seminar will be held in the first week of March 2023
December 14, 2021 - Sheraton appoints Ahmed as Director of Event Management
December 14, 2021 - Marching forward towards a Digital Bangladesh
December 14, 2021 - Finance minister asks taxmen not to exert excessive pressure on taxpayers
December 12, 2021 - Nagad introduces new technological advancement for mobile payments
December 12, 2021 - Md Masud Biswas, newly appointed head of Bangladesh Financial Intelligence Unit (BFIU), pays homage to the portrait of Bangabondhu Sheikh Mujibur Rahman with flowers at Tungipara in Gopalganj on Friday. Other senior officials of BFIU were present.
REHAB Winter Fair 2021: Plots, flats beyond reach of middle-class

REHAB Winter Fair 2021: Plots, flats beyond reach of middle-class

Buyers are mostly looking for medium-sized flats of 1,200 to 2,000 sq ft, preferentially in the Mohammadpur, Lalmatia, Mirpur, and Uttara areas of the capital

The REHAB Winter Fair 2021 is seeing good turnout this year, but prices of the flats and plots are out of the reach of the middle-class, according to several visitors.

Even after going through most of the stalls at the event, visitors say they were unable to find anything affordable.

“The price is two to three times more than what we can afford. If you go to see a big flat in a good place, the price is more than Tk1 crore and the booking money is also high,” said Babar Ali, a private employee and a resident of Shyamoli.

There are no flats available at the fair for less than Tk7,500 per sq ft, which is quite out of the reach for middle-income people like him, he added.

“I have to shell out Tk90 lakh to buy a 1,200-sq-ft flat. That is way beyond my capacity,” Ali further said.

Most of the companies are taking 30% of total flat prices as the booking money, which also seem high to the self-identifying middle-class visitors at the event.

The middle-class buyers flocking to the five-day Real Estate and Housing Association of Bangladesh (REHAB) fair are mostly government employees, young businessmen, and top officials of private organizations.

Medium-sized flats of 1,200 to 2,000 sq ft are what several of these buyers are looking for, preferentially in the Mohammadpur, Lalmatia, Mirpur, and Uttara areas of the capital.

Mohammad Abdul Mannan, a buyer from Nikunja, said: “The prices of the flats are too high; the down payment is pretty steep too. Even booking a flat with a 30% down payment is not possible for us.”

What the participants say

Anwar Landmark, one of the prominent real estate companies of the country, is exhibiting 26 projects at the fair, the cheapest of which costs Tk9,500 per sq ft.

Mohammad Rakib Hossain, deputy sales and marketing general manager at Anwar Landmark, said it has to be acknowledged that flats are now out of reach of the middle-class.

“However, the main reason for the increase in flat prices is the unusual rise in the price of building materials,” he added.

In the last few months, the price of rod has increased up to Tk20,000 per metric ton and the prices of cement, tiles, paint are also on the rise.

“So, there is no way but to increase the price of flats. However, we are also thinking about our lower middle-income buyers and have plans to start some affordable projects for them,” he added.

Sujan Kumar Deshmukhya, sales and marketing executive of Amin Mohammad Foundation, had a similar take on the matter.

There is no denying that the prices of flats are a bit high, he said.

“However, if the price of building materials continues to rise uncontrollably, the flats will also get costlier in the future,” he added.

“We are exhibiting 35 projects in the fair and the flats are priced from Tk7,000 to Tk30,000 per sq ft, based on location,” Deshmukhya added.

Sheltech, one of the top real estate companies of Bangladesh, is exhibiting 25 projects at the fair and the lowest price of their project is Tk6500 per sq ft.

An assistant general manager of Sheltech said that the size of their high-end flats range between 1,700 sq ft and 2,000 sq ft, catering mainly to the middle and upper-middle-class buyers.

“We are getting good response. Due to Covid-19, the fair was not held in 2020, therefore our expectations for this year’s fair are also very high,” he added.

Friday and Saturday, being holidays, saw a large number of visitors at the fair, according to the organizers.

According to REHAB, the fair is an initiative to bring clients, developers, building materials companies, and financial institutions under a single umbrella.

Commerce Minister Tipu Munshi inaugurated the 22nd REHAB Fair on Thursday December 23 and visitors will be able to visit the fair every day from 10am to 9pm till Monday.

About 150 housing companies are taking part in the fair, which has a total of 220 stalls.

Additionally, there are 15 stalls exhibiting construction materials, along with stalls by 30 banks and financial institutions.

About author


Pori to act in Tauquir’s next

Pori to act in Tauquir’s next

RN Desk;Pori Moni will be seen as the heroine in Tauquir Ahmed’s next film. She will be accompanied by Lux…

Reflection Team


আবদুল্লাহ বঙ্গবন্ধুর আদর্শের পরীক্ষিত সৈনিক ছিলেন: প্রধানমন্ত্রী

আবদুল্লাহ বঙ্গবন্ধুর আদর্শের পরীক্ষিত সৈনিক ছিলেন: প্রধানমন্ত্রী

: প্রধানমন্ত্রী শেখ হাসিনা ধর্ম বিষয়ক প্রতিমন্ত্রী ও একাত্তরের মুক্তিযুদ্ধের প্রবীণ নেতা অ্যাডভোকেট শেখ মোহাম্মদ আবদুল্লাহর মৃত্যুতে শোক জানিয়েছেন। এক…

Recent Video

Photo Gallery

Folder not found