The Bangladesh House Building Finance Corporation in association with the Real Estate and Housing Association of Bangladesh will organise a three-day ‘Housing Finance Fair’ with the aim of vitalising the sector that has remained sluggish for long.
Real estate and housing sector-related organisations and banks will participate in the fair to be held at the Sonargaon Hotel in Dhaka in October 19-21.
BHBFC managing director Debashis Chakraborty said the fair would be like a get-together platform for buyers and sellers.
‘It is impossible for us to provide services with our just 29 branches. That’s why we are arranging the fair to bring both sides to a single stage,’ he said at a press briefing held at the BHBFC office premises in Dhaka on Wednesday.
The buyers will be able to choose their best option of housing by interacting with the developers and banks, he said.
‘Whoever will apply for loan at the fair, he/she will get 50 per cent discounts in application and inspection fees,’ said Debashis.
The BHBFC reduced housing loan interest rate to 10 per cent for non-resident Bangladeshis, 9.5 per cent for people in metropolitan areas and 8.5 per cent for people in rural areas, he said.
The organisation is trying to reduce the rate further to make the sector buoyant as the sector has remained sluggish for long due to high expenses, he said.
REHAB senior vice-president Nurunnabi Chowdhury urged the BHBFC to spread the financing activities across the country with lower interest rates.
He also requested the organisation to cut the interest rate to 7.5 per cent from the existing 8.5 per cent.
He also urged the body to launch loans to be used as flat registration and interim fees as many buyers face risk as they cannot register houses due to lack of money.
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