The four-day REHAB Chittagong Fair 2018 kicked off on Thursday in the port city’s Radisson Blu Bay View hotel.
The Chittagong chapter of the Real Estate and Housing Association of Bangladesh has organised the fair with the aim of promoting sales of affordable flats and plots for consumers.
Addressing the inauguration as chief guest Chittagong Development Authority chairman Abdus Salam expressed his concerns about the traffic situation in the city as it took him 3 hours to come to the city centre from Chittagong airport.
Salam said that the construction works of a 16.5-kilometre elevated expressway from Lalkhan Bazar intersection to the airport would start in March to ease traffic congestion in the city.
CDA chairman noted that the city-dwellers with plots and flats in low-lying areas of the city were counting losses due to water logging. ‘Very soon, with the help of Bangladesh Army, the CDA is going to start the work of canal re-excavation, extension, renovation and development project to solve water logging in the city,’ he said.
Salam assured that by March, they would fulfil REHAB demands like setting up one stop service, simplifying the approval of design and upholding the prestige of REHAB by bringing all real estate businessmen under one roof.
Abdul Kauiam Chowdhury, chairman of REHAB Chittagong, urged the government to create a Tk 20,000 crore fund in the name of ‘housing loans’ and introduce the loan service from the fund for low-income people with a 5 per cent interest.
Kauiam said, ‘At present, a flat buyer gives 16 per cent registration fee on the total cost, which is too high. The government should take necessary measures to bring down the registration fee to 6-7 per cent.
REAHB co-chairman Shakil Kamal Chowdhury, directors Mohammad Didarul Hoque and Mohammed Omar Faruque, among others, were present at the inaugural ceremony.
There are 83 stalls in the fair. Twenty one organisations are co-sponsoring the fair. Royal Cement Limited sponsored the inauguration.
The fair will remain open for all from 10:00am-9:00pm.
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