The Real Estate and Housing Association of Bangladesh on Sunday placed a set of demands, including access to the stimulus fund announced by prime minister Sheikh Hasina, to overcome the setbacks the sector was facing due to the coronavirus pandemic.
A REHAB statement issued by its president Alamgir Shamsul Alamin on Sunday said that the association’s board of directors came up with the demands as the joblessness of workers employed in the sector on a daily basis would have trickle-down impacts on other sectors as well.
Taking the anticipated impacts into consideration, the government should allocate funds for the housing sector immediately from the stimulus package, Alamgir mentioned.
He also proposed that interest on existing loans taken by housing businesses should be suspended till December this year along with relaxation of the rescheduling facility.
The REHAB president also demanded implementation of the recommendations made by the working group formed with representatives from the housing and public works ministry, the National Board of Revenue, the Federation of Bangladesh Chambers of Commerce and Industries and REHAB to resolve the problems in the housing business sector and to develop the sector.
Launch of a refinance scheme, as was launched in 2007-2008, for the housing businesses has become vital to save the sector from long-term crisis, he said.
Want stories like this in your inbox?
Sign up to exclusive daily email
More Stories from Miscellany