• An affront to parliament, a sign of political bankruptcy
  • A question of food security
  • Enforcement: management’s soft underbelly
  • PM’s advisers are ‘India’s men’!
  • Syedpur railway workshop
  • Real money for an imaginary war
  • Why intervening in Syria is a crazy idea
  • Street theatre fest ends today
  • Sculptor Aminul Islam on his award winning work
  • Body formed to amend Bank Company Act
  • Stocks end flat in volatile trading
  • Rajuk will continue with housing business: minister
  • Blatter gives Bangladesh high hopes
  • Sri Lanka level finals with dominant win
  • Blatter inagurates BSPA photo exhibition
  • Shops keep violating govt holiday schedule
  • Infocom Tech Bangladesh launched
  • Bangladesh on top in South Asia
  • Khaleda to meet alliance leaders today
  • HC asks BOU to sue 17 teachers
HOME  BUSINESS
  
Print Friendly and PDF

Rajuk will continue with housing business: minister

Staff Correspondent

State minister for housing and public works Abdul Mannan Khan speaks at a seminar organised by the DCCI at its auditorium in the capital on Tuesday.— New Age photoState minister for housing and public works Abdul Mannan Khan speaks at a seminar organised by the DCCI at its auditorium in the capital on Tuesday.— New Age photo

State minister for housing and public works Abdul Mannan Khan on Tuesday said Rajdhani Unnayan Kartripakkha would remain in housing business along with the private sector realtors.
‘In this era of free market economy, developers in private sector should not hesitate to compete with the public sector in doing real estate business,’ said Mannan as chief guest at a seminar on regional planning and governance  to support land development and real estate sector in Bangladesh held in the capital.
The Dhaka Chamber of Commerce and Industry president chaired the seminar organised by the trade body at its auditorium.
Rajuk chairman Nurul Huda spoke at the seminar as special guest.
Abdul Mannan said Rajuk built houses to sell those to the middle and lower income people at lower prices.
‘But, the private sector developers sell a single plot of land submerged under 70 feet of water to ten different customers,’ the state minister said.
‘There is no country in the world where you can see a single case of publishing advertisement by realtors before achieving ownership of land, but it happens in Bangladesh,’ he said.
Abdul Mannan said the new Real Estate Act 2010 adopted a provision of tough punishment for the realtors who would cheat people by advertising of plots before getting ownership of land.
If private and public sectors compete with each other in the housing sector, common people will be benefited, he said.
‘You [private sector realtors] can’t resolve the housing problem alone. Let’s take united steps to develop the housing sector of the country,’ he said.
He said Rajuk would be divided into eight zones to reduce corruption and to decentralise its executive functions.
Nurul Huda said zoning process of the capital under the Detailed Area Plan would start after two months. ‘The zone offices will execute all functions except disputes which should be resolved through the Rajuk headquarters.’
Rajuk chairman said the computerisation of Rajuk would be completed by December this year.
‘The DAP will be extended as Structural Area Plan to 2035 as the projected time frame of the DAP will end in 2015,’ he said.
Asif Ibrahim stressed on effective implementation of land policy, making necessary reforms and employing skilled manpower.
The DCCI president said, ‘Contribution of the financing organisations to the sector as a whole is quite inadequate and this is holding back its growth.’
International expert on city competitiveness professor emeritus Brian Roberts and DCCI director Khairul Majid Mahmud presented two key note papers in the seminar.
The Real Estate and Housing Association of Bangladesh president Nasrul Hamid, Asset Developments and Holdings Ltd managing director Salim A Khan, Anwar Group of Industries managing director Monwar Hossain and a geography professor at Dhaka University Nurul Islam Nazem also spoke at the seminar.




Reader’s Comment

comments powered by Disqus
   

Body formed to amend Bank Company Act

The government on Tuesday formed a seven–member committee to amend the Bank Companies Act 1991 to combat risk and ensure good governance in the banking sector, officials said. Former secretary AK Abdul Mubin will lead the committee that has been asked to examine... Full story

Stocks end flat in volatile trading

Dhaka stocks ended flat on Tuesday amid volatile trading when investors remained skeptical as confusion surfaced after the government announced compensation package for small investors. Full story

No commission for non-life insurance: BIA

Bangladesh Insurance Association on Tuesday announced that no commission will be paid for non-life insurance business as the insurance regulators are yet to fix the commission rate. Full story

India minister challenges ban on cotton export

Agriculture minister Sharad Pawar called for the lifting of a ‘highly objectionable’ ban on cotton exports on Tuesday, less than 24 hours after it was announced and sparked a sharp rally on global cotton markets. Full story

Rajuk will continue with housing business: minister

State minister for housing and public works Abdul Mannan Khan speaks at a seminar organised by the DCCI at its auditorium in the capital on Tuesday.— New Age photo
State minister for housing and public works Abdul Mannan Khan on Tuesday said Rajdhani Unnayan Kartripakkha would remain in housing business along with the private sector realtors. Full story

Two more brokers under SEC scanner

The Securities and Exchange Commission formed a probe committee on Tuesday to investigate certain unusual trading of shares at two brokerage houses. The brokerage houses are Remons Investment and Securities Limited and Wifang Securities Limited... Full story

CEMEX fly-ash unloading system inaugurated

Foreign minister Dipu Moni on Tuesday inaugurated CEMEX Bangladesh’s fly-ash unloading system at the cement company’s newly-constructed river port in Narayanganj. Full story

Philippines eyes 6pc growth

The Philippines will hit or top its growth target of 5-6 per cent this year despite rising oil prices and China’s forecast of slightly slower economic expansion, officials said Tuesday. Full story

Citi Bangladesh gets new GTS head

Citibank, NA, Bangladesh has recently appointed Md Moinul Huq as head of Global Transaction Services. In this capacity, Moinul will be responsible for managing the banks’ transaction services business for corporate and institutional clients, said a news release. Full story

IIF sees 1 trillion euro fallout from Greek default

A disorderly default in Greece would probably leave Italy and Spain needing outside help to stop risks spreading, and cause more than 1 trillion euros damage to the eurozone, the Institute of International Finance said. Full story

Slowing China aids global economic rebalancing

Representatives from the Hong Kong Securities and Futures Employees Union protest at Hong Kong’s financial Central and Admiralty districts recently.— Reuters photo
China’s acceptance of a slower rate of growth rattled markets on Monday, but it also shows that the gradual rebalancing of the global economy long sought by world leaders is on track. Full story

Myanmar to float currency in 2012/13, unify FX rates

In a file photo, cashiers are seen behind piles of kyat banknotes as they count it in a private bank in Yangon.— Reuters photo
Myanmar will begin a managed float of its currency in the fiscal year from April and develop an interbank money market, according to central bank documents obtained by Reuters, ending a fixed-rate currency system that has stifled investment and fuelled a black market. Full story

US papers decline despite online growth

US newspapers are losing seven dollars in print advertising for every dollar they gain online, but some firms have been more successful than others in shifting to a new business model, a study found. Full story

Oil prices mixed

Oil prices were mixed in Asian trade Tuesday as traders weighed geopolitical tensions over crude producer Iran’s nuclear programme and weak economic data from Europe and China. Full story

Euro eases in Asia as concerns loom over Greece

The euro eased against major currencies in Asian trade on Tuesday as concerns loomed over Greece’s attempts to push through a debt swap with private sector investors by this week’s deadline. Full story

market Disclosures

The company has informed that the 14th AGM of the company will be held on March 29, 2012 at 11:00am at LGED Auditorium (1st floor), Agargaon, Dhaka. Other information of the AGM as announced earlier. Full story
  • Online Poll


    Do you think that the government has successfully brought back normalcy in public life after the January 5 elections?

    • Yes
    • No
    • No comment
    Ajax Loader