House finance fair begins next week | 2017-10-12 |

House finance fair begins next week

Staff Correspondent     12 October, 2017 12:00 AM printer

House finance fair begins next week

BHBFC Managing Director Debasish Chakrabarty and REHAB acting President Nurun Nabi Chowdhury Shaon are seen at a press conference at BHBFC office in the capital on Wednesday.

The Bangladesh House Building Finance Corporation (BHBFC) is set to organise its first ‘Housing Finance Fair-2017’ on October 19-21 to help disseminate information on services and advanced technologies of the housing sector.

Real Estate and Housing Association of Bangladesh (REHAB) is extending all-out supports to the fair which will be held at Hotel Sonargaon in the city.

Organizations relating to housing sector, real estate and building materials will take part in the fair with their latest addition, technology and offers.

The organizers made the disclosure at a press conference held at BHBFC office in the city on Wednesday.

BHBFC Managing Director Debasish Chakrabarty, REHAB acting president Nurun Nabi Chowdhury Shaon and Vice-president Liakat Ali Bhuiyan were present at the briefing.

“The main objective of the fair is to bring all respective organizations under a single roof in order to create a huge opportunity of local and foreign investments,” said the BHBFC Managing Director.

He pointed out that BHBFC is also going to launch its five products in new dimension on the occasion of the fair. The products are Nagarbondhu, Probash Bondhu, Pallima, Housing Repairing loan and Housing development loan.

“We are providing loan in single digit interest. During the fair, consumers will get fifty percent off in loan application”, he said.

He also said that in order to increase its fund, the corporation has signed a Tk 850 crore loan agreement with IDB. “It is possible to build 7976 housing units using this amount,” he added.

Nurun Nabi Chowdhury expressed his hope that this kind of fair will bring positive results for real estate and housing sector. He also urged the government to set interest rate below 7.5 percent for housing loan.

Organizers said that a total of 76 pavilions and stalls will be allocated for organisations including financial institutions, developers, building material manufacturers. There will be no entry fee for visitors in the fair.

Among others, REHAB directors Kamal Mahmud, Shakil Kamal and top officials of BHBFC were present on the occasion.