Daffodil International University

Faculties and Departments => Business & Entrepreneurship => Real Estate => Topic started by: istiaq on June 25, 2010, 02:58:17 PM

Title: Real estate business in bd
Post by: istiaq on June 25, 2010, 02:58:17 PM
The housing situation in Bangladesh has never been satisfactory. The majority of dwelling
units are temporary, sub-standard, unsafe and overcrowded. The ancillary physical, social and
economic facilities and services essential for the development of healthy and harmonious
community life are highly inadequate both in the urban and rural areas.
In Bangladesh, real estate is a recent phenomenon, although such activities started sometime in
1964. Ispahani Group was the pioneer in this sector (Hossain, 2001). During 1970s there were
fewer than five companies in Bangladesh engaged in this business (REHAB, 2004). But in early
1980s with the inception of Eastern Housing Ltd., the apartment project started flourishing. Now
this is a booming sector of th e economy. Since late 1980s, it came within the purview of business
field. As a fast growing city of Bangladesh
, such business was initially concentrated in Dhaka. In
1988, there were 42 such developers working in Dhaka and in 2004 there were about 250
companies engaged in this business (REHAB, 2004). Such activities were later on spread to
Chittagong and Khulna cities. At present, there are about 700 firms operating apartment business
and they have apartment projects in Dhaka City as well as in some other cities.
Over the last 15 years, the real estate development sector has made significant contribution to
many sectors in our economy. Since 1985 this sector has created homes for over 20,000
families in the Dhaka Mega City (Seraj, 2003). Additionally, thousands of acres of land have
been developed into housing estates where lower-and middle-income families can construct
their own dwellings. The Dhaka Metropolitan City has seen a new dimension of modern
shopping complexes due to the initiative of the Real Estate Developers.
Fast growth of population, shortage of land supply and lack of planning, together with social
and environmental problems in Bangladesh, make building construction from own initiative
more unreliable for the low to middle income groups. But private developers construct high rise
apartment building with vertical expansion, which requires small size of land for large
number of people. Besides, private developers develop building in the most planned way that
improves the decency. In the real estate business process, some prospects and problems are
involved. Prospect is that human being is able to dwell in, despite the fact that they have
limited land and problems are of several types.
Title: Re: Real estate business in bd
Post by: Shamim Ansary on June 26, 2010, 10:19:33 AM
Handy post.
Title: Re: Real estate business in bd
Post by: kafi on June 28, 2010, 07:17:47 PM
Thanks Istiaq, for your good posting.

Definitely Real Estate business demand gradually increase on the proposition other business that is almost 300+. It is a sight of great corner to create the opportunity of business entrepreneur who have earned minimum knowledge in this sector they are feeling more comfort and secure their invest as well as to make a confidence about their return. Still if you have observed than you will see this sector contributing and fulfilling all level people demand as per their requirements and limitations to considering as a base line parameter. We don’t avoid their contribution and meaning full thought as to provide in competitive market on the other hand this sector made a huge employment opportunity and resolve our unemployment problem. Very shortly this sector would be known to as a powerful and economic growth viable sector in National and Government level like as Garments. Among all rapid expansion of business sector, Real Estate business already make a place its stimulating and lucrative activities for community development. Your touching point is good and you have tried to build up an awareness in private and public sector for more investment in this sector. Reality of this sector are shown many of them are taking initiative without proper planning that’s why some time you may shown some company or organization in break down/fall down that is our not expectation. Our intention should be more positive and more liberal to expose our real consisting knowledge to other investor so that their investment and business growth will be more meaning full and profitable in the content of economic aspects.

Title: Re: Real estate business in bd
Post by: istiaq on June 28, 2010, 08:20:10 PM
Let us complete our graduation Sir, then we will do it . :)
Title: Re: Real estate business in bd
Post by: Shamim Ansary on June 30, 2010, 10:39:50 AM
At the initial phase of booming up of this sector, people would think it as a lucrative "business" field. But reality is changing gradually. The clients are being alert following some incidents. At the beginning level of this business in our country, entreprenours used to pay emphasis on physical beauty of the apartments. Now the vision has been changed. People are more aware not only about the outlook of the buildings, but also the spaciousness, internal strength of the buildings, etc.
We have the menace of earthquaqe. It is reported that, Due to the weaker building construction, a 7 richterscale eartquaqe might cause around 1 lakh deaths in Dhaka city. We have witnessed some tragic incidents of fire burning (in the so called gorgeous apartment like Japan Garden City as well).
Now Real Estate is not only a "business". It is a matter of our existance.
Title: Re: Real estate business in bd
Post by: kafi on June 30, 2010, 06:18:44 PM
Real Estate is a sector it does not emphasize only its out looking or lucrativeness beside those, this sector expose structural planning, architectural design, land use planning, considering earth quick protection, building strength, building longevity  etc but many of the organization are not followed properly. But we do believe as BRE student they will be more conscious and try to implement its essential parameter so that people have to know the real scenery and feel more comfort to invest this sector.

Try to know and seeking better understanding we read different books, article and journal in this field for clear concept.
Title: Re: Real estate business in bd
Post by: istiaq on July 01, 2010, 01:03:40 PM
I will do it sir.