In Bangladesh, the rate of urbanization is very high and further aggravated by high population growth rate and rapid rural-urban migration. The current trend of urban growth in Bangladesh is about 5-6 percent per annum. This will change and increase the demand of people geometrically. At present 28 percent people live in urban areas which are expecting to be 34 percent in 2025. The present estimated population of Dhaka city is 12.5 million and estimated growth rate is 4.7 percent per annum (Source: REHAB, 2009). All these people need shelter.
To satisfy the housing need of this huge explosive population, here comes the need of real estate sector. They are playing very important role to provide housing facilities regardless of high, middle and low-income people since the past two decades. Beside these, real estate business has created job opportunities for the unemployed people in Bangladesh and provided remarkable contribution to boost up overall economic conditions of Bangladesh.
