World's two fastest growing economies China and India will continue to witness boom in the real estate segments in smaller cities as both countries are expected to record strong growth in residential demand in the coming years, says a report.
Further, investments volume in the two neighbouring nations is projected to go up in the next few years. According to a report prepared by the research group of Germany's Deutsche Bank, the long-term growth prospects for both countries "remain very good."
"All commercial real estate segments continue to boom Tier-II cities will gain particularly... Investment volumes are still very low. This will change rapidly in the next few years," the report titled 'Real Estate Investments in China and India: Big returns in big countries?' said.
Although, strong residential demand growth is expected, the bank noted that "dangerous exaggerations can occur." An important growth driver for the real estate market would be the increasing urban population in both countries.
India and China are projected to witness increased number of urban population especially by the end of 2050. From just about 30 per cent, India's urban population is anticipated to touch 55 per cent by 2050.
According to the report, another growth driver for both countries would be the rising population of working age. In the near term, that population is expected to touch a peak of over 70 per cent in China.
The working age population in India is projected to be on the upward curve in the coming years and would be above 65 per cent by 2050.
(The Financial Express-30.07.2008)
Wednesday, July 30, 2008
Housing crisis, Dhaka would need 10 million new apartments by 2015
WHEN the government's regulatory authority, Rajdhani Unnayan Kartikakhya (Rajuk) remained busy during the past two decades in developing land in and around the city for the privileged, the private housing industry grew. During this period the private developers handed over nearly 80,000 new housing units to their clients.
Developers apprehend that if last two years' slump, facing the housing market, continues the city would await a severe accommodation crisis.
Dhaka city adds half a million people to its population each year given the growth rate of 4.34 per cent, as the World Bank and other concerned sources indicate.
To accommodate the new people the city would need, according to an estimate, at least 10 million new units by the year 2015.
Dhaka city's phenomenal increase in land price adds to housing cost. Since the early '70s land price at Dhanmondi rose by 12,000 per cent, shows a study.
The city's already sky high land price continues to soar due to its non-availability for sale while the demand only increases.
An age-old land record system, taxation structure and cumbersome land transfer procedure have only worsened the situation in the city, with the lowest land-man ratio in the world, said a study conducted by Suman Kumar Mitra, Md Abu Nayeem Sohag and Mohammad Aminur Rahman, two teachers of the Urban and Regional Planning Department of Bangladesh University of Engineering and Technology (Buet).
The real-estate companies' hunger for land for housing projects further drove up the land price, as they compete with each other for a single plot of land, said the study.
The study, 'Land Price in Dhaka City: Distribution Characteristics and Trend of Changes' says the pressure on limited land in Dhaka city intensified the competition, leading to indiscriminate filling of lowland in and around the city to make way for unplanned urban growth.
The study identified the physical factors that influenced the land price in Dhaka. Obviously a plot at planned neighbourhood close to a wide main road, with wide access road, surface quality of the road, proximity to the main road, duration of water logging and distance of the marketplace and the nearest health facility, would fetch the best price.
The study suggested setting up of an information database to regulate the market to minimise artificially created land crisis and ensure to the citizens equitable access to land and overcome the problem of speculation.
(The Financial Express-30.07.2007)
Developers apprehend that if last two years' slump, facing the housing market, continues the city would await a severe accommodation crisis.
Dhaka city adds half a million people to its population each year given the growth rate of 4.34 per cent, as the World Bank and other concerned sources indicate.
To accommodate the new people the city would need, according to an estimate, at least 10 million new units by the year 2015.
Dhaka city's phenomenal increase in land price adds to housing cost. Since the early '70s land price at Dhanmondi rose by 12,000 per cent, shows a study.
The city's already sky high land price continues to soar due to its non-availability for sale while the demand only increases.
An age-old land record system, taxation structure and cumbersome land transfer procedure have only worsened the situation in the city, with the lowest land-man ratio in the world, said a study conducted by Suman Kumar Mitra, Md Abu Nayeem Sohag and Mohammad Aminur Rahman, two teachers of the Urban and Regional Planning Department of Bangladesh University of Engineering and Technology (Buet).
The real-estate companies' hunger for land for housing projects further drove up the land price, as they compete with each other for a single plot of land, said the study.
The study, 'Land Price in Dhaka City: Distribution Characteristics and Trend of Changes' says the pressure on limited land in Dhaka city intensified the competition, leading to indiscriminate filling of lowland in and around the city to make way for unplanned urban growth.
The study identified the physical factors that influenced the land price in Dhaka. Obviously a plot at planned neighbourhood close to a wide main road, with wide access road, surface quality of the road, proximity to the main road, duration of water logging and distance of the marketplace and the nearest health facility, would fetch the best price.
The study suggested setting up of an information database to regulate the market to minimise artificially created land crisis and ensure to the citizens equitable access to land and overcome the problem of speculation.
(The Financial Express-30.07.2007)
Monday, July 21, 2008
Post your information here
Dear viewers, your may post your add here. Please click on comments below and then select open id. Post your add & information which will shown here.
Monday, July 14, 2008
Tough law to streamline real estate sector in the offing
REHAB opposes most provisions of draft law
Realtors have opposed the draft of the Real Estate Management Ordinance-2008 saying that the penal provisions incorporated in the draft will hurt the growth of the sector.
The Real Estate and Housing Association of Banfgladesh (REHAB) Thursday placed recommendations on the proposed act, urging the government to review it for the greater interest of the sector.
"We have submitted our recommendations Thursday on the draft act as the contents are contrary to the growth of the sector," said Tanveerul Haue Probal, president of REHAB.
The government took a move for encting a law for stremlining the real estate and housing sector amid widespread allegations of encroadchment of private and public lands, breaching of contracts with buyers and deception by a section of homebuilders.
As per the draft law, unregistered developers will be fined Tk.500,000 and repeated violation will carry a five year jail term along with a fine of Tk.200,000.
The proposed law said the real estate companies have to be registered with the National Housing Authority and other eity based government owned development authorities.
But REHAB said the developers should not be required to register with any government entity if they become members of the REHAB.
If developers stop construction works of flats for a period of three months or more, they will be liable to suffer a prison sentence of two or a fine of Tk. 500,000 or both, according to the proposed law.
REHAB in its proposals said, therer should not be jail provision of the developers.
It suggested inclusion of fines and cancellation of registration in the draft act instead of jail provision.
(The Financial Express/28.07.08)
Wednesday, July 9, 2008
Roof Garden
Make your roof garden. This is the time to make roof or balcony garden because now is rainy season. Too many nurseries are situated near of your home.
Average price of few plants:
Flower: * Rose Tk.20-80
*Rangan Tk.15-60
*Patabahar Tk.10-70
*Maloti, Kamini, Togor Tk.15-50
Wooden: *Mehogini, Rain tree, Akashmoni Tk.08-15
Fruit: *Mango Tk.50-150
*Lemon, Guava Tk.30-100
Indoor Plant: *Palm Tk.20-100
*Silver Queen, Bonsai Tk.200-1 lac
Tuesday, July 8, 2008
Real Estate in Bangladesh
Not many people consider investing their hard-earned money in Bangladesh real estate but it is something worth considering. Not only are properties in Bangladesh very good value for money when converted from the local currency, but there are a number of homes in all shapes and sizes available. If you prefer to start from scratch, you will find that construction is affordable too. Real estate in Bangladesh is not everyone’s cup of tea, but it can be a real adventure for those who are willing to give it a try.
(From Real Estate Bangladesh)
Sonaimuri, Bangladesh
The MAAWS/IMANA Pure Drinking Water & Sanitation Project has expanded into the village of Barahipur in Sonaimuri, Bangladesh. During flood seasons, the land becomes overtaken by the unsanitary water because of its low elevation. To prevent the spread of waterborne diseases and keep drinking water sanitary and accessible all year long, a series of tubes wells free of arsenic contamination have been installed around the village for local residents.
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