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May, 28 2018

Bangladesh's REHAB Demands for Changes in Upcoming Budget

The realtors want to hear a positive outcome in the upcoming budget as they have been demanding for such funds since long.

Bangladesh's REHAB Demands for Changes in Upcoming Budget

The Real Estate and Housing Association of Bangladesh (REHAB) wants the government to form a Tk 20,000 crore housing loan refinancing funds to help the lower and middle income families in their housing problem.

The realtors want to hear a positive outcome in the upcoming budget as they have been demanding for such funds since long.

REHAB Vice-President Liakat Ali Bhuiyan said, “We have a number of budgetary proposals for the housing sector. Reducing registration fee and formation of refinancing fund are among the important proposals which we want to see reflected on budget documents.”

REHAB demanded to reduce the plot and apartment registration fee from 17% to 7%.

Liakat Ali said they also demanded the authorities bring down bank interest rate for the housing sector bank loans.

Finance Minister AMA Muhith assured them by saying, “Let’s see.”

REHAB sources said they want the government to allow undisclosed money into the housing sector.

According to REHAB, “Notwithstanding anything contained in this Ordinance or any other law for the time being in force, no question as to the source of any sum invested by any person in the construction or purchase of any building or apartment shall be raised if the assess pays, before the assessment is completed for the relevant assessment year, tax at the rate.”

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