Third Terminal at Dhaka Airport | The country will change

The construction work of the Dhaka airport third terminal of Hazrat Shahjalal International Airport in Dhaka is going on at high-speed ignoring the rainy weather of Corona epidemic. Bangladesh will change in this dazzling mega project. By June 2022, around 42 percent of the project has been completed. The third terminal with its unique in architectural style, will be inaugurated in October 2023.

The government wants to make a splash by inaugurating this mega project before the next parliamentary elections. With the launch of the Dhaka airport Third Terminal, Bangladesh's prestige and importance will increase internationally. The project participants are hoping that the work of this project, which is 3 percent ahead of the construction target, will be completed ahead of time. In this regard, the chairman of the Civil Aviation, Air Vice Marshal. Mofidur Rahman told Newspapers, ‘Airport is the mirror of any country. When a tourist comes to a country, he first evaluates the country by looking at the airport. If the airport is modern, the image of the country seems to be developed. Bangladesh is moving forward under the leadership of Prime Minister Sheikh Hasina. The inauguration of the third terminal will add another feather to the country's progresses’.

The Padma Bridge is pride of Bangladesh. The Dhaka airport Third Terminal will further enhance our dignity. So far 42 percent of the work of this project has been completed. Work is ahead of target. Work will move forward faster this year. The structure of the terminal building has been completed and various additions to the interior works are underway. The Third Terminal Structurally will be inaugurated in October next year after completing the work as per the target. It could take up to the middle of next year to make the entire airport functional by connecting all the equipment and accessories. There is a lot of work to be done to make functioning an airport. The construction of the Dhaka airport third terminal was a promise made by the Prime Minister to the people, and we are working hard to fulfill it. '

A tour of the Dhaka airport Third Terminal project area reveals that more than 3,000 pillars of the terminal were erected last year. Now the infrastructure of the terminal is being built on these. Due to this, the progress of the project can be seen from the road adjacent to the airport. Sitting on the pillars is a designed black steel sheet. The Third Terminal building is standing on its own two feet with the help of sophisticated equipment and workers.

When the third terminal will be inaugurated, many planes will come to the runway at Hazrat Shahjalal International Airport. There is one runway at the airport. Construction of two additional high-speed taxiways has been undertaken to reduce the durability of the aircraft on the runway and enable it to park faster. The plan was to complete the work by June. But the work was completed in the first week of May, project officials said.

Work is going on for 16 hours a day in two shifts of eight hours to complete the project before the scheduled time. Various initiatives have been taken to protect workers from the Corona epidemic. Arrangements have been made for the workers to stay in the project area. Although some workers were affected, they have returned to work after recovering from regular treatment. As a result, there was no interruption in the work. Although many projects have been delayed in the hands of Corona, the work of this mega project is ahead of the target.

The Dhaka airport third terminal project is being jointly implemented by Japanese manufacturer Simuji and Korean company Samsung. According to the Civil Aviation Authority, the two terminals at Hazrat Shahjalal Airport currently have a passenger capacity of about 7 million a year. If the third terminal is built, this number will be close to 20 milion. In this terminal of five lac forty two thousand square meters, aprons (space for parking planes) are being constructed to hold 37 planes simultaneously. The terminal building will be 2 lakh 30 thousand square meters. Inside the building there will be touches of all the significant and sophisticated technologies of the world. The terminal under construction will be fitted with several straight escalators. This arrangement is for those who cannot walk long distances inside the airport. These escalators are widely used in the world's most sophisticated airports, including Singapore and Bangkok. This will give passengers a quiet and smooth ride experience.

Metrorail will be connected to the Dhaka airport third terminal. A separate station will also be built. Through this, passengers coming to Bangladesh will be able to go to their destination by metro rail without leaving the airport. There will be a baby care lounge in front of each washroom in the terminal. Inside the lounge will be the mothers' breastfeeding booth, a large family bathroom. In addition, there will be various arrangements for children to play, including slippers and swings. There will be health inspection facilities, first-aid rooms for first aid, various disease testing centers and isolation areas.

According to project sources, the cost of the project is Tk 21,399 crore. The government will provide 5,258 crore rupees for the total expenditure and JICA will provide 16,141 crore rupees as a loan. The design of the Dhaka airport third terminal has a sufficient number of accelerators, substations and lifts attached. There will be radar, control tower, operation building, multi-storey car park. The three-storey terminal building will bring a unique aesthetic to the architecture. The exterior will have a dazzling design.

Thanks,

Related:

Special Tourist Parks in Bangladesh

The Longest Sea Beach in the World | Cox's Bazar

The Biggest Mangrove Forest in the World | Sundarban

Famous Tea Plantation in the World | Sylhet

Famous Mainamati Lalmai and Shalvan Bihar | Comilla

Some historical and famous places in Early Dhaka

Dhaka Metro Rail | MRT Line in 2019

Gangchil | Third Boeing 787-8 Dreamliner in Biman Fleet

BMW |Mercedes Benz | Will assemble Cars in Bangladesh

Chittagong Development | Mega Projects in Bangladesh

Safe Investment Options in Tourism Industry of Bangladesh

Padma Bridge | A Nation's Dream & Pride

Padma Bridge | A Nation's Dream and Pride

Dreams and reality come together at one point. The south door of the country has opened. Prime Minister Sheikh Hasina opened the gates of Padma Bridge. With the launch of the Padma bridge, 21 districts in the south and south-west were connected to the capital of Bangladesh. New doors of connection, communication and possibilities have been opened. Speaking at the inauguration ceremony today (25 June, 2022), the Prime Minister said, ‘This bridge is not just a brick-cement-concrete structure; This bridge is our pride. It’s a symbol of ability, a symbol of dignity.'

The dream Padma Bridge will be open for public traffic from 6 am on 26 June, 2022. On the historic day of the inauguration of the Padma Bridge, the Prime Minister called upon all to take an oath to work for the welfare of the country and the people of the country. On the occasion of the inauguration of the Padma Bridge, a gathering was organized at the end of Mawa. Prominent people including government ministers, speakers, politicians, diplomats and academics were present at the gathering. Prime Minister Sheikh Hasina arrived at the venue around 10 am.

Slogans like 'My bridge with my money, Padma bridge in Bangladesh' or 'Construction of Padma bridge, Sheikh Hasina's contribution' were shining on the stage of the inauguration ceremony of Padma bridge. After the commencement of the pre-survey in 1998, the initiative to build the bridge was hampered step by step. The Padma Bridge is a symbol of wonder built over the walls of all obstacles.

The Prime Minister was accompanied by Road Transport and Bridges Minister Obaidul Quader, Prime Minister's Economic Adviser Moshiur Rahman, former Communications Minister Syed Abul Hossain and former Bridge Secretary Mosharraf Hossain Bhuiyan. Prime Minister's daughter Saima Wazed was also present at the time.

Besides unveiling the plaque of the bridge, the Prime Minister also inaugurated Bangabandhu Sheikh Mujibur Rahman and his mural. At this time colorful smoke is blowing in the sky. The Prime Minister herself chanted 'Joy Bangla', 'Joy Bangabandhu'. Everyone present applauded. Then the Prime Minister's convoy climbed the Padma Bridge again. Crossing the bridge, she went to the Jazira end.

The Prime Minister unveiled commemorative stamps, souvenir sheets, inaugural envelopes and special seals on the occasion of the grand inauguration of the Padma Bridge project built with the country's own funds. Posts and Telecommunications Minister Mustafa Jabbar, Post Secretary Khalilur Rahman and Director General of the Postal Department Faizul Azim were present on the stage.

The Prime Minister also unveiled a special commemorative note of Tk 100 of Bangladesh Bank on the occasion of inauguration of Padma Bridge. Governor of Bangladesh Bank Fazle Kabir was present at the time. The Prime Minister took pictures with the people associated with the bridge on the stage. A replica of the Padma Bridge was also presented to the Prime Minister by the company constructing the Padma Bridge.

After that, the Prime Minister was the first person to unveil the inaugural plaque and mural-1 of the Padma Bridge at the Mawa end of the toll road and participate in the munajat. Saima Wazed, the daughter of the Prime Minister and a pioneer of the autism movement in Bangladesh, was with her at the time. As the Prime Minister was passing by with her convoy, she descended along the middle of the bridge and witnessed the rippling waves of the bridge and the intoxicating Padma. During this time she also enjoyed a pleasant display of the Air Force.

In her speech before the inauguration of the Padma Bridge, the Prime Minister said, "The strength of the people is a great strength. I started the construction of the Padma Bridge with that strength. People are the address of my courage. I salute the people for the successful construction of the Padma Bridge."

Sheikh Hasina said, "The construction of this bridge was delayed for two years due to conspiracy. But we have never been discouraged. And in the end we were able to break through all the darkness and travel the path of light. Today red-blue light flashes on Padma's chest. 42 pillars, this pillar is like a reflection of Bangladesh. '

The Prime Minister wished forgiveness of the souls and peace of soul of the deceased including Professor Jamilur Reza Chowdhury involved in the construction of Padma Bridge and conveyed deep sympathy to their family members.

Sheikh Hasina said, "There were many comments, how can I do it again with my own funds?" The idea was that this Bangladesh would be dependent for the rest of its life, and would have to depend on the mercy of others. I'm grateful that the Father of the Nation has taught us to live with self-respect. The Padma Bridge is a multipurpose road-rail bridge across the Padma River to be constructed in Bangladesh.

 

Thanks,

 

Related:

Bangladesh Enters into Russian Economic Block

Country's First Super Specialized Hospital at BSMMU
Samsung Refrigerator Mobile Phone | Made in Bangladesh
Some Economic Zones in BD are ready for Investment
Exporting Products from Bangladesh is Increasing
Bangladesh Rice Production & Export
Government Owned Economic Zones List from BEZA
Private Economic Zone list of Bangladesh
Bhanga -Mawa Railline will Start in 2020
USGBC-LEED Certified RMG Factory in Bangladesh
Exporting Bangladeshi Goods to INDIA is Increasing

Top Tertiary and District Hospitals in Bangladesh

Top Upazila Health Complex Ranking in Bangladesh-2015

Padma Bridge: Construction Schedule Timeline

Padma Bridge: Construction Schedule Timeline

Padma Bridge is a multi-purpose road and Railway Bridge built over the Padma River which will directly connected Shariatpur and Madaripur districts with Munshiganj. The inauguration date of Padma Bridge has been fixed on June 25, 2022. The two-tiered steel and concrete truss bridge has a four-lane road at the top and a single rail track at the bottom. The main infrastructure is constructed with 42 pillars and 41 spans of 150 m length. The length of the bridge is 6.15 km and the width is 18.10 m.

 

Construction Timeline:

Major Bridge Engineering Corporation of China was hired for the main bridge. Sinohydro Corporation of China works on river governance. Abdul Monem Limited of Bangladesh was awarded the contract for construction of two connecting roads and infrastructure. The main construction work started in October 2017.

Year 2017:

• After a long wait on September 30, the first span was placed on the pillars of the Padma Bridge. The span was installed with the help of floating cranes on pillars 37 and 38 at Jajira end of Shariatpur.
• On March 11, the third span sits on pillars 39 and 40.
• On 13 May, the fourth span was placed on pillars 40 and 41.
• The fifth span of the bridge has been laid on June 29 in Naodoba area of ​​Jajira upazila of Shariatpur.

Year 2018:

• In January sits the sixth last span on the Jazira edge.
• On 28 January, the second span 7B superstructure was installed on the 38th and 39th pillars of the Padma Bridge. About four months after the first span was installed, the 3,150-tonne span was installed at the Naodoba end of the island.
• Seventh span sitting on pillars 4 and 5 at the end of Mawa.

Year 2019:

• On 20 February, the eighth span was placed on pillars 36 and 35 at the Zazira end.
• On March 22, the ninth span sat on the 35th and 34th pillars of the bridge.
• On April 10, tenth span on pillars 13 and 14 at the end of Mawa.
• On 23rd April, the 11th span sat on the 33rd and 34th pillars at the Jazira end of Shariatpur.
• On 17 May, the 12th span was placed on the 20th and 21st pillars between Mawa and Jajira.
• On May 25, the 13th span 3B was placed on the 14th and 15th pillars.
• The 14th span was placed on 29 June.
• On 22 October, the 15th span of the Padma Bridge was laid on the 24th and 25th pillars at the Jazira end.
• The 16th span was placed on the 16th and 17th pillars at the end of Mawa on 27 November.
• On December 5, 2019, the 17th span of the main bridge was placed on the pillars 22 and 23.
• The 18th span of the Padma Bridge was laid on 11 December.
• The 19th span was installed on 18 December.
• On 31st December, the 20th span of the Padma Bridge was laid on the 18th and 19th pillars at the Mawa end of Munshiganj. The gray ‘3-F’ numbered span is placed on top of the pole.

 

Year 2020:

• On 14 January, the 21st span was placed on the 32nd and 33rd pillars at the Jazira end of the Padma Bridge.
• On 23 January, the 22nd span was placed on the 5th and 6th pillars on the Mawa side.
• The 23rd span is on February 2.
• The 24th span is sitting on 11 February.
• The 25th span was installed on 21 February.
• On March 10, the 26th span of the Padma Bridge was laid. This span is placed on the 28th and 29th pillars at Jajira end of Shariatpur.
• On April 20, the 27th span was placed on pillars 27 and 28.
• On 11 April the 28th span was placed at the end of Jazira.
• On May 4, the 29th span of the bridge with ‘4A’ ID number was placed on the 19th and 20th pillars of the bridge at the end of Mawa.
• On May 30, the 30th span was placed on the 26th and 27th pillars of the bridge at the Jazira end.
• On June 10, the 31st span of the Padma Bridge was laid. Spans were placed at piers No. 25 and 26 of the bridge at Jajira end of Shariatpur.
• The 32nd span of the Padma Bridge was laid on 11 October. Although it was not possible to install the span on the first day due to strong currents in the Padma, the span was installed on the 4th and 5th pillars of the bridge at Mawa end of Munshiganj on the second day due to the efforts of the engineers. The span was set up four months later due to floods and strong currents in the Padma River.
• The 33rd span of the bridge was laid on 20 October.
• On October 25, the 34th span was installed at Span 2-A on Pillars 6 and 7 at the Mawa end of the bridge.
• On 31st October, the 35th span was placed in the span 2-B on the 8th and 9th pillars at the end of Mawa.
• On November 6, the 36th span of the Padma Bridge was laid on the 2nd and 3rd pillars of the Mawa side of the bridge.
• On 13 November, the 37th span ‘2-C’ was placed on the 9th and 10th pillars at the Mawa end of Munshiganj.
• On 21st November, the 38th span was successfully placed on the 1st and 2nd poles of Mawa side of Munshiganj.
• The installation of the 39th span was completed on 27 November. The span is placed on the 10th and 11th pillars of the Mawa side of Munshiganj.
• On December 4, the 40th span of the Padma Bridge was installed and 6,000 meters of the bridge became visible.
• On December 10, the entire Padma Bridge became visible by placing the 41st span on the 12th and 13th pillars of the Padma Bridge.

Year 2021:

• The last road slab was laid on 23rd August.

 

Year 2022:

• From June 4 to June 10, the test of 415 lights of the bridge was completed step by step. On June 14, all the lights were lit at once. Sheikh Hasina will inaugurate the bridge on June 25.

Economic importance:

The Mawa-Jajira point of the Padma Multipurpose Bridge connects the south-western part with the center of Bangladesh through a specific route. This bridge will significantly contribute to the social, economic and industrial development of the relatively underdeveloped region. The project will directly benefit more than 30 million people in an area of ​​about 44,000 sq km (17,000 sq mile) or 29% of the total area of ​​Bangladesh. As a result, the project is being considered as a very important infrastructure for the country's transport network and regional economic development. The bridge will have future rail, gas, power lines and fiber optic cable expansion. If this bridge is built, the GDP of Bangladesh will increase up to 1.2 percent.

Thanks,

 

Related:

Bangladesh Enters into Russian Economic Block

Padma Bridge | A Nation's Dream and Pride

Country's First Super Specialized Hospital at BSMMU
Samsung Refrigerator Mobile Phone | Made in Bangladesh
Some Economic Zones in BD are ready for Investment
Exporting Products from Bangladesh is Increasing
Bangladesh Rice Production & Export
Government Owned Economic Zones List from BEZA
Private Economic Zone list of Bangladesh
Bhanga -Mawa Railline will Start in 2020
USGBC-LEED Certified RMG Factory in Bangladesh
Exporting Bangladeshi Goods to INDIA is Increasing

Top Tertiary and District Hospitals in Bangladesh

Top Upazila Health Complex Ranking in Bangladesh-2015

Admission test date of all Universities in Bangladesh

Public universities are going to take the admission test for the first year of graduation of the 2020-2021 academic year, which is stuck due to the COVID-19 Corona virus epidemic. The government could not take the higher secondary examination as the educational institutions were closed in March 2020. The results are then published with the student’s auto-pass.

After that, the students did not have to wait for the university admission tests battle as the infection situation deteriorated. After more than a year, the incidence of corona virus has decreased and public universities have announced new schedules for admission tests. In Bangladesh University of Professionals, the admission test has been completed so the admission process has also started from September 20. On Saturday 25-September 2021, the Bangabandhu Sheikh Mujibur Rahman Aviation and Aerospace University took the admission test against 60 available seats.

 

University of Dhaka Admission Circular:

Due to the epidemic, Dhaka University is taking admission test in the departmental cities outside the campus for the first time. Earlier, the test was scheduled to take place between July 31 and August 14, but was delayed due to corona virus. The Admission Test for 2020-21 will start from 1st October in 8 divisional cities:

• Unit ‘Ka’ : 1st October, 2021
• Unit ‘Kha’ : 2nd October, 2021
• Unit ‘Ga’ : 22nd October, 2021
• Unit ‘Gha’ : 23rd October, 2021
• Unit ‘Cha’ : 9th October, 2021
• IBA : 11th October, 2021

For details Admission information please visit (https://admission.eis.du.ac.bd).

 

Bangladesh University of Engineering - BUET Admission Circular:

Though the admission test of Bangladesh University of Engineering was scheduled to be held on 10th June, it was postponed due to epidemic situation. According to the new schedule:

• Pre-selection test will be held on 20th and 21st October 2021. With the selected students in the final exams of Group ‘Ka’ and ‘Kha’ will be held on 6 November 2021.

Further information regarding the Admission Test of BUET can be found at (http://ugadmission.buet.ac.bd/).

 

Admission test of Combined (Guccho) Engineering Universities (CUET, KUET, RUET):

Though the integrated admission test of Chittagong, Khulna and Rajshahi Universities of Engineering and Technology was scheduled to be held on August 12, it was postponed. New Schedule:

• The exams of ‘Ka’ and ‘Kha’ unit will be held on 13th November 2021, In addition to the main exam, the ‘free hand drawing’ exam will also be taken.

Further information on this test can be found on the website (https://admissionckruet.ac.bd/).

 

Guccho admission test of Agricultural Universities:

A bunch of admission tests will be held on 27 November in Seven universities offering degrees in agricultural science. Earlier, the test was scheduled for July 31. These seven universities are Bangladesh Agricultural University

• Bangabandhu Sheikh Mujibur Rahman Agricultural University
• Sher-e-Bangla Agricultural University
• Sylhet Agricultural University
• Patuakhali University of Science and Technology
• Chittagong Veterinary and Animal Sciences University
• Khulna Agricultural University

Further admission test information can be found on the website (https://admission-agri.org/).

 

University of Chittagong Admission Circular schedule:

• Unit ‘A’ : 1st & 2nd November, 2021
• Unit ‘B’ : 27th & 28th October, 2021
• Unit ‘C’ : 29th October, 2021
• Unit ‘D’ : 30th & 31st October, 2021
• Unit ‘B-1’ & ‘D-1’ : 5th November, 2021

Further details information about Admission Test University of Chittagong can be found at (https://admission.cu.ac.bd/).

 

Jahangirnagar University Admission Test schedule:

• The authorities plan to conduct admission test of 10 units of Jahangirnagar University between 7th November to 18th November, 2021. However, the final schedule has not been fixed yet.

Further details will be announced later on the website (https://juniv-admission.org/).

 

Rajshahi University Admission Circular:

The admission test was scheduled to be held on August 16-18, but it was postponed due to COVID-19 situation. As per the new schedule the exams will be held on:

• Unit ‘A’ (Humanities) : 5th October, 2021
• Unit ‘B’ (Commerce) : 6th October, 2021
• Unit ‘C’ (Science) : 4th October, 2021

The exams will be held in three steps every day. Further details admission information can be found on the website (https://admission.ru.ac.bd/undergraduate/).

 

Bangladesh Textile University Admission Test schedule:

Bangladesh Textile University has postponed the examination on August 20. However, the candidates have to collect the admission papers between 26 September to 30 September. The test may be held on 12th November.

 

Maritime University Admission Test Circular:

The examinations of four faculties of Bangabandhu Sheikh Mujibur Rahman Maritime University were scheduled to be held on June 4 and 5 in the divisional cities of Dhaka, Chittagong, Rangpur and Khulna, but were postponed. Though there are plans to take the admission tests on 19 & 20 November, it has not been finalized yet. The university's admissions website said, "The examination schedule is being rescheduled, which will be announced on the website later." Please visit the website for further details, (https://applyonline.bsmrmu.edu.bd/Admission/Home).

 

Dhaka University of Engineering and Technology – DUET Admission Test Circular:

Admission test for 9 departments of Dhaka University of Engineering and Technology, Gazipur will be held on September 29 and 30. The authorities have informed that the exams will be held in two shifts from 10 am to 12 noon and from 2 pm to 4 pm every day.

 

20 University Guccho (Combined) admission test schedule:

This is the first time that 20 universities are taking part in the integrated admission test. The bunch admission test is starting with the admission test:

• Unit ‘A’ : 17th October, 2021
• Unit ‘B’ : 24th October, 2021
• Unit ‘C’ : 1st November, 2021

Further detailed information can be found on the website (https://gstadmission.ac.bd/). The 20 universities in the group are:

• Jagannath University
• Islamic University
• Khulna University
• Cumilla University
• National Poet Kazi Nazrul Islam University
• Begum Rokeya University
• Barisal University
• Rabindra University
• Bangabandhu Sheikh Mujibur Rahman Digital University
• Sheikh Hasina University
• Shahjalal University of Science and Technology
• Haji Mohammad Danesh University of Science and Technology
• Maulana Bhasani University of Science and Technology
• Noakhali University of Science and Technology
• Jashore University of Science and Technology
• Pabna University of Science and Technology
• Bangabandhu Sheikh Mujibur Rahman University of Science and Technology
• Rangamati University of Science and Technology
• Bangamata Sheikh Fazilatunnesa Mujib University of Science and Technology
• Patuakhali University of Science and Technology.

Thanks,

 

Related:

All Public Universities Admission Test Schedule | 2019

List of Public Universities in Bangladesh

Top 10 Public University of Bangladesh

Sell of Real Estate Companies in Bangladesh is Increasing

Even though all sectors of business and commerce in the COVID-19 period have been affected, Businessmen in the Real Estate Sector are hoping that they will be able to recover from the catastrophe. In the first eight months of last year, the sales of real estate companies in Bangladesh have increased by 15 to 20 per cent over the same period this year. The flat registration fee was slightly reduced last year by the Government. 

Besides, sales of Plots and Apartments (Both new and used) have also increased. However, the prices of construction materials have gone up during this period. In the budget, the government provides some opportunities for investment in the housing sector of Bangladesh. Bank loan interest rates have also been reduced. Expatriates are also investing in this sector. Overall, Flat sale in various locations in Dhaka and other major cities of the country have increased.

REHAB President Alamgir Shamsul Alamin Kajal said the real estate sector of Bangladesh will be boosted in COVID-19 period. Not just this sector, there will have a positive impact on the entire economy of the country. As there are investment opportunities in the current situation, a lot of money will be added to our economy.

The President of REHAB also said that the activities of construction related sub-sectors including rod, cement, brick and sand, which are involved in the recovery of the housing sector, will increase. This will increase the revenue collection of the government.

Previous flat registration fees in Bangladesh:

• 4 percent gain tax
• 3 percent stamp fees
• 2 percent registration fees
• 2 percent local government tax and
• 3 percent value added tax (VAT)

 

Present flat registration fee in Bangladesh:

• 4 percent gain tax (same as before)
• 1.5 percent stamp fees
• 1 percent registration fees
• 1.5 percent local government tax and
• 2 percent value added tax (upto 1,600 square feet)

 

Now the demand for commercial flats and apartments has increased in the following area inside Dhaka city:

• Gulshan
• Banani
• Baridhara
• Motijheel
• Dilkusha

 

Besides, demand for residential flats has increased in Dhaka:

• Dhanmondi
• Mohakhali
• Lalmatia Housing Society
• Kalabagan
• Uttara Model Town
• Bashundhara Residential Area
• Karwan Bazar
• Vijaynagar
• Nikunja
• Wari
• Segunbagicha

 

Demand for flats in Chittagong / Chattogram:

• Khulshi
• Agrabad
• Nasirabad

 

Demand of commercial, residential and studio flats / apartments in other major cities such as Sylhet, Cumilla, Feni, Noakhali, Coxsbazar, Rajshahi, Narayanganj, Gazipur, Mymensingh etc are also increasing day by day.

Some real estate company owners are saying that the price of construction materials such as Rod and Cement are also increasing. As a result, they are a little scared.

Home loans are announced for government employees at 5 percent interest arate. It inspires hope among real estate businessmen. The annual market of the real estate companies in Bangladesh / housing sector in the country is now around Tk 60,000 crore. The annual growth in this sector is 15-17 percent. The annual demand is 1 lac 20 thousand flats.

 

Thanks,

 

Related:

RAJUK Jhilmil Residential Area Flat Project

Japan will build Smart City in Bangladesh

Want to Buy or Rent an Apartment in Bangladesh

RAJUK Uttara Apartment Project in Dhaka City

Purbachal New Town Project in Dhaka City

Tourism Industry in Bangladesh | Safe Investment Option

Safe Investment Option at INANI Beach Cox’s Bazar

Used Flat for Sale in Dhaka | Secondary Property Market in Dhaka

RealEstate Companies in Bangladesh are Rising

RAJUK Purbachal New Town design Approval

Real Estate Companies in Bangladesh are Rising

During the COVID-19 Corona virus period, buyers in the housing and real estate industry of Bangladesh are increasing. Entrepreneurs in the sector saying that the demand for buyers has increased so much in recent times that top class Real Estate companies in Bangladesh do not have unsold flats. Companies that had stopped building construction work for so long have now come forward and resumed their construction.

Demand from buyers is on the rise as the government provides undisclosed investment facilities in the housing sector. Currently, the highest demand for Apartment / Flats in Bangladesh is among government employees. Some investors demand land and plots. In such a situation, the concerned companies have demanded to reduce the interest and registration cost of loans in the housing sector to 7 percent. The real estate sector in Bangladesh is now a lucrative investment destination for buyers and investors. The registration cost of buying flats and plots is now 10 percent and it comes with single digit or one digit interest loan.

In this regard, Real Estate and Housing Association of Bangladesh-REHAB President Alamgir Shamsul Alamin Kajal said that the real estate companies in Bangladesh are now getting good response from buyers. The situation is such that even good companies are not able to sell flats to the buyers. Buyers are growing every day in recent times. Interest in buying flats and plots is increasing among them. As a result, many companies are taking up new projects to build flats inside Dhaka, Chattogram and other cities across the country.

The undisclosed income is also being invested in the housing sector. Owners of companies are demands the interest rate on bank loans and registration cost of flats and plots should be reduced to 7 percent. Some banks are now keen to lend. Some banks are giving loans at 7 percent interest rate. The recovery in the housing sector is also boosting the overall economy.

Business in the housing industry is coming back. Buyers respond more than ever. This is due to two reasons- one is that money laundering has decreased during the Corona period. Another is the government's undisclosed investments facilities for two consecutive financial years. All in all, the real estate company in Bangladesh is now in a good position.

JCX Developments Limited is a state-of-the-art flat builder in the country's elite Bashundhara residential area inside Dhaka city. Iqbal Hossain Chowdhury, the managing director of the company and director of FBCCI, a top organization of businessmen, told that there has been a lot of demand from buyers for good quality flats in recent times. This demand has been created mainly due to undisclosed money investment facilities. As a result, there is a huge interest of buyers for flats in Bashundhara R/A.

Investors have lots of interest for both ready and used flats in Dhaka city. Some searching keyword in Google are: Used flat sale in dhaka, Low price flat in dhaka, Flat sale in dhanmondi, Studio apartment in dhaka, Used flat sale in mirpur, Ready flat for sale in mohammadpur dhaka, Ready flat sale in dhaka, Flat for sale in dhaka uttara, Flat sale in banasree, Dhaka housing adabor etc.

In the national budget for the fiscal year 2020-2021, the legal directive to allow higher revenue and economic activity in the private sector said that no matter what is in the country's customary law, no one can raise any question about the investment of undisclosed money. To take such an opportunity, taxpayers have to invest undisclosed money in land, flats, buildings and apartments, banks, savings certificates, stock exchanges, bonds or any other such securities. To avail this facility, income tax at the rate of 10 percent has to be paid. Investing in undisclosed funds will reduce money laundering and tax evasion. The move is expected to boost mainstream economy, employment and revenue growth. This facility will be continued in the new fiscal year 2021-22 as well as provision has been made to impose penalty at the rate of 5 per cent on other undisclosed funds. 

According to the concerned, the annual market of the real estate companies in Bangladesh / housing sector in the country is now around Tk 60,000 crore. The annual growth in this sector is 15-17 percent. The annual demand is 1 lac 20 thousand flats. Overseas income / Remittance and undisclosed money owners buy more real estate properties. Expatriate income of Bangladesh did not decrease during COVID-19 period. Besides, there is an opportunity to invest undisclosed money by buying land or flats. As a result, trade in this sector has increased a lot. The catastrophic disaster that hit 458 sub-sectors of the housing industry in Corona is now a beacon of hope. Around BDT 2 lac Crore have invested in more than 2,000 industries in this period.

 

Thanks,

 

Related:

RAJUK Jhilmil Residential Area Flat Project

Japan will build Smart City in Bangladesh

Want to Buy or Rent an Apartment in Bangladesh

RAJUK Uttara Apartment Project in Dhaka City

Purbachal New Town Project in Dhaka City

Tourism Industry in Bangladesh | Safe Investment Option

Safe Investment Option at INANI Beach Cox’s Bazar

Used Flat for Sale in Dhaka | Secondary Property Market in Dhaka

RAJUK Purbachal New Town design Approval

Japan will build Smart City in Bangladesh

Smart cities, are the result of the growing importance of orienting our life toward sustainability. There are different parameters by which a city ranks more highly than another. To achieve this 10 key dimensions are considered: Governance, urban planning, public management, technology, environment, international projection, social cohesion, mobility and transportation, human capital and economy.

The development of 'smart cities' has been a top priority for many countries and Bangladesh may soon join their ranks. In a bilateral meeting with Bangladesh's ICT Minister Junaid Ahmed Palak and the Japanese Ambassador Naoki expressed Japan's interest in building a smart city in Bangladesh. Last year Japan has set aside a 250 billion yen (US$ 2.4 billion) fund to support Smart City projects by Japanese companies and improve decarbonization measures in 26 cities across ASEAN.

According to Mr. Naoki, Japan has contributed in many sectors, including infrastructural development of Bangladesh. There are currently more than 300 Japanese companies operating in Bangladesh - three times as much as in the last 10 years.

Japan is the largest Asian export market for Bangladesh, amounting to USD 1.3 billion. Despite the many challenges posed by the Covid-19 epidemic, Japanese companies are ready to expand their business in Bangladesh.

Naoki called for the development of strategic relations to further enhance cooperation between the two countries. He said that ICT sector is now the main driving force of the economy of Bangladesh. The Japan International Cooperative Agency (JICA) can further enrich Bangladesh's plan to become a developed economy by the year 2041 by assisting in the development of technology-dependent human resources.

Naoki emphasized the importance of collaboration to further expand cooperation between the two countries through the development of strategic partnerships between Japan and Bangladesh.

To further strengthen Bangladesh's ICT sector, ICT Minister Junaid Ahmed Palak made a number of proposals to the Ambassador, including on cyber security, e-waste management and e-governance. Palak said, "We have already sent a proposal to ERD to set up a Bangladesh-Japan ICT University,".

Japan has allocated 2.4 billion to support Japanese companies in the Smart City project and the development of carbon-free systems in 28 ASEAN cities. Tokyo expects all 26 cities to present their smart city projects by the end of this year, and eligible projects will be selected by March.

Japan expected these 26 cities across ASEAN to present their Smart City development plans at the end of last year, with eligible projects to be picked by March this year. It also expects Japanese companies to have basic plans for these cities with feasibility studies conducted. However, at the time of writing, its progress is still unclear

 

Thanks,

 

Related:

RAJUK Jhilmil Residential Area Flat Project

Want to Buy or Rent an Apartment in Bangladesh

RAJUK Uttara Apartment Project in Dhaka City

Purbachal New Town Project in Dhaka City

Tourism Industry in Bangladesh | Safe Investment Option

Safe Investment Option at INANI Beach Cox’s Bazar

Used Flat for Sale in Dhaka | Secondary Property Market in Dhaka

Real Estate Companies in Bangladesh are Rising