Bangladesh: ‘Good days are back in the Chattogram real estate business’ | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 17, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 17, 2025
‘Good days are back in the Chattogram real estate business’

Real Estate

Shahadat Hossain Chowdhury & Sifayet Ullah
09 February, 2020, 02:35 pm
Last modified: 06 August, 2020, 12:57 am

Related News

  • ACC sues C&F agent for attempting Tk4.93cr duty evasions by importing falsely declared SUV
  • Ctg to honour July uprising with music, drone show
  • Country's first smart school bus in Ctg faces shutdown amid funding crisis
  • Madrasa student allegedly killed after rape in Ctg, body exhumed 21 days later
  • One killed, 8 injured in bus-truck collision on Dhaka-Ctg highway in Sitakunda

‘Good days are back in the Chattogram real estate business’

Developers speak about the recovering real estate sector in the port city

Shahadat Hossain Chowdhury & Sifayet Ullah
09 February, 2020, 02:35 pm
Last modified: 06 August, 2020, 12:57 am
‘Good days are back in the Chattogram real estate business’

The Real Estate and Housing Association of Bangladesh (REHAB) has organised a four-day fair in the port city. The REHAB Chattogram Fair 2020 started on February 6 at the Radisson Blu Chattogram Bay View, and will end today. Real estate companies of the city have been showcasing their projects in the fair to attract clients. In conversations with The Business Standard, officials of six real estate companies of Chattogram describe the challenges and prospects of the sector.

Mohammad Shahjahan

Managing Director, Jumaira Holdings Ltd

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

At one point the housing business in Chattogram had gotten stagnant. But the good days are back now. All flats are being sold before completion of the projects.

The government now allows housing loans of up to Tk2 crore and reduced the flat registration fees by 2 percent.

At present, the demand for 1,500 to 2,000 square feet flats are high among buyers. The prices of these flats range from Tk80 lakh to Tk1.5 crore.

Jumaira Holdings Ltd emphasises on constructing environmentally friendly buildings. Our projects are based on the principle of green housing. We have already handed over 22 projects to customers. Currently, 10 projects are running.

Md Mahmudul Haque

Chief Operating Officer, ANZ Properties Ltd

The demand for flats is on the rise. There is high demand for flats ranging in sizes from 1,000-1,500 and 2,500-3,000 square feet.

We have expanded our projects to different areas of the city to reach different classes of people.

We are showcasing seven upcoming projects in this year's REHAB fair. At present, customers can book flats at three of our ongoing projects in Chattogram.

ANZ Properties started its operation in the port city in 2004. We have already handed over 40 projects to our customers in different areas of the city.  

Since we finance our own projects, we finish the projects on time.

Engineer Anwar Hossain

Director, Epic Properties Ltd

The condition of the real estate business in Chattogram is better now compared to that five to six years ago.

Epic Properties has nine ongoing projects in different areas of Chattogram. The size of each flat is 1,275-4,000 square feet. The price of per square feet is Tk4,000-Tk8,000, depending on the location. There is a high demand for flats priced at Tk70-Tk80 lakh.

So far, we have handed over 24 projects to our clients.

We emphasise on aesthetics and civic facilities in our projects. There are day-care centres, swimming pools, senior citizens' clubs, youth clubs and gardens at one of our projects in Lalkhan Bazar.

Tanvir Shahriar Rimon

Chief Executive Officer, Ranks FC Properties

Middle-class people cannot buy a flat priced at Tk1.5-Tk2 crore. But it is this class that has the most demand for flats. So prices have to be kept within their reach.

They can purchase flats if prices are fixed at Tk60-Tk80 lakh. Otherwise, this sector will not be sustainable. The sector will progress quickly if registration fees are cut and the process of getting loans is made easier.

People in different countries, including Malaysia and Singapore, have been living in flats of 700-800 square feet in size. But here, a flat below 1,200 square feet is considered a small one. People in Chattogram think that a flat should have three bedrooms. But that would cost more.

Mahfujul Bari

General Manager, Sanmar Properties Limited

The real estate sector is stable now. Different government measures have helped restore customers' trust.

Now the government officials get housing loans. Many private banks are also giving home loans. The government has taken a number of positive initiatives to invigorate the housing sector which has brought back the good old days.

But the land price is a problem for us. If land prices go down, we could sell an apartment for as low as Tk50 lakh. We have undertaken some projects outside the city, where land prices are still affordable.

In business, we make sure to fulfil our social responsibility to the customers.

Muhammad Nuruddin

Manager, Finley Properties Limited

There was tough competition in the housing sector in Chattogram till 2013. The scenario improved after the 2018 election. There are many lands lying idle in Chattogram. Land prices are high here. But the price is still low in rural areas, so we have started projects there. We will start projects at the upazila-level soon.

The housing business in Bangladesh started with upper-class customers. Once, the companies used to build flats larger than 2,000 square feet. But the target group now is the middle class. Now we are planning to build 1,000-1,200 square feet flats.

The Chittagong Development Authority, our regulatory body, makes us wait too long for construction permits. It needs to automate to solve this problem.

Bangladesh / Top News

Chattogram / Real Estate / business

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • National Citizen Party (NCP) Convenor Nahid Islam speaks at a press conference in Khulna on 16 July 2025. Photo: TBS
    Gopalganj attack: Nahid demands arrest of culprits within 24 hours
  • Photo: TBS
    Gopalganj under heavy security as tension persists amid curfew
  • The supporters of local Awami League and Chhatra League locked in a clash with police following attacks on NCP convoy this afternoon (16 July). Photo: Collected
    Gopalganj under curfew tonight; 4 killed as banned AL, police clash after attack on NCP leaders

MOST VIEWED

  • 131 foreigners were denied entry into Malaysia by their border control. Photo: The Star
    96 Bangladeshis denied entry at Kuala Lumpur airport
  • Double-decker school buses are lined up in a field in Chattogram city. The district administration has proposed modernising the buses to ensure security and convenience for school students. Photo: TBS
    Country's first smart school bus in Ctg faces shutdown amid funding crisis
  • A file photo of people boarding the government-run Betna Express at a railway station. The train operates on the Benapole-Khulna-Mongla route via Jashore. Photo: TBS
    Despite profitability, Betna Express rail service handed over to pvt sector
  • Bangladesh Bank buys $313m more in second dollar auction in three days
    Bangladesh Bank buys $313m more in second dollar auction in three days
  • Representational image. File Photo: Syed Zakir Hossain/TBS
    Malaysia grants Bangladeshi workers multiple-entry visas
  • People enter and loot Ganobhaban, the Prime Minister’s residence, following the resignation of Sheikh Hasina in Dhaka, Bangladesh, on August 5, 2024. Photo: TBS
    Govt to spend Tk111cr to turn Ganabhaban into July Mass Uprising Memorial Museum

Related News

  • ACC sues C&F agent for attempting Tk4.93cr duty evasions by importing falsely declared SUV
  • Ctg to honour July uprising with music, drone show
  • Country's first smart school bus in Ctg faces shutdown amid funding crisis
  • Madrasa student allegedly killed after rape in Ctg, body exhumed 21 days later
  • One killed, 8 injured in bus-truck collision on Dhaka-Ctg highway in Sitakunda

Features

Abu Sayeed spread his hands as police fired rubber bullets, leading to his tragic death. Photos: Collected

How Abu Sayed’s wings of freedom ignited the fire of July uprising

1d | Panorama
Illustration: TBS

Open source legal advice: How Facebook groups are empowering victims of land disputes

2d | Panorama
DU students at TSC around 12:45am on 15 July 2024, protesting Sheikh Hasina’s insulting remark. Photo: TBS

‘Razakar’: The butterfly effect of a word

2d | Panorama
Photo: Collected

Grooming gadgets: Where sleek tools meet effortless styles

3d | Brands

More Videos from TBS

NCP leaders safely in Khulna from Gopalganj.

NCP leaders safely in Khulna from Gopalganj.

6h | TBS Today
July 16 returns with sadness and pain

July 16 returns with sadness and pain

6h | TBS Today
China's economy not hit by Trump's tariff war

China's economy not hit by Trump's tariff war

7h | Others
News of The Day, 16 JULY 2025

News of The Day, 16 JULY 2025

9h | TBS News of the day
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net