REHAB seeks nat’l committee to resolve its problems

13 Jun,2016


Dhaka, BdChronicle:

The Real Estate and Housing Association of Bangladesh (REHAB) on Sunday sought a government initiative to form a national committee soon to resolve the problems the sector now facing.

REHAB also suggested the formation of a powerful committee with government high-ups considering the current scenario of the sector.

“A national committee should soon be formed to take short term and long term initiatives to overcome the transitional period in the housing sector,” REHAB president Alamgir Shamsul Alamin Kajal told a post-budget press conference at a city hotel.

He also demanded a stimulus package to help grow the sector overcoming the challenges apart from introducing tax holiday for five and 10 years respectively in cities and outside cities.

It is urgent to reintroduce the refinancing scheme with a single digit interest rate and formation of a long-term fund by the Bangladesh Bank to help lower and middle-income groups avail of housing facilities.

The body which promotes real estate development in the private sector, also demanded reducing registration cost by 4 percent.

The REHAB chief urged the government to stop realising VAT and deducting tax at source while purchasing products at retail level in cash.

“If REHAB’s demands are incorporated, it’ll play an effective role in boosting government’s revenue earnings and achieving 7.2 percent GDP growth easily,” Shamsul Alamin said.

REHAB leaders, including its Vice President Liakat Ali Bhuiyan, were present.

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