Expectations from the new govt for urban property development
Wednesday, 31 December 2008
Munima Sultana
What is the expectation of the players in the urban property sector from the new government?
As the much-awaited ninth parliamentary elections ended peacefully on Monday, the sector analysts expect that the new government would take initiatives to ensure smooth social, physical, economical and business environment in the city to facilitate economic growth.
No doubt the people expect the new government to be sincere in ensuring proper socio-economic and physical growth and good governance.
Tanveerul Haque Probal, president of Bangladesh Real Estate and Housing Association (REHAB) told FE that REHAB expects the new government to take initiative to create a healthy business environment.
He said the elected government would be sincere enough to the development of infrastructures including electricity, gas and mass transport for bringing dimension in the real estate sector.
The REHAB President said, raw material price spiralled affected the sector in last two years. Same as hartals, strikes had badly hit the sector earlier, said Mr Probal. He believes that the new government would play its due role so that the opponent refrain from these kinds of activities.
Bangladesh Association of Construction Industry (BACI) expects the government to give due importance to timely and faster implementation of the development projects.
BACI Secretary General GA Khan told FE that due to impact of global prices on the domestic building material market the sector expects a realistic understanding from the government. Some of the burning issues, he said, obstruct timely and effective execution of development projects.
To give an impetus to the construction sector, the government should go for timely and faster implementation of the development projects and fair competition in tender bidding, he added.
The BACI secretary general said South Korea, Japan, Thailand, Malaysia and Indonesia used the construction industry as a "growth engine" to boost their economies. "BACI expects the government to go it here."
Dr Ishrat Islam of Bangladesh Institute of Planners said the people's right to shelter needs to be ensured with a pragmatic planning. She expects that the government should take steps to stop land speculation by adopting an appropriate taxation strategy to facilitate urban growth and give importance on environmental protection in the cities.
Architect Ehsan Khan, former working committee member of Institute of Architect, Bangladesh, expects the new government to fulfill people's expectations through an agreement with all concerned. The government should value the views of the sector experts to ensure social, economic and physical development, he added.
Bangladesh Environment Lawyers' Association said the new government should remove irregularities in the urban property sector to protect the city environment.
Syeda Rizwana Hasan of BELA expects that the long standing demands of the green activists would be fulfilled by restoring wetlands, removing massive flaws on the Detailed Area Plan and reforming Rajdhani Unnayan Kartipakkya and Forest Department.
She particularly called for removing irregularities and corruption in RAJUK and Forest Department. The green activists, she said, expect the government to make these institutions and REHAB accountable so that they cannot deceive people anymore.
What is the expectation of the players in the urban property sector from the new government?
As the much-awaited ninth parliamentary elections ended peacefully on Monday, the sector analysts expect that the new government would take initiatives to ensure smooth social, physical, economical and business environment in the city to facilitate economic growth.
No doubt the people expect the new government to be sincere in ensuring proper socio-economic and physical growth and good governance.
Tanveerul Haque Probal, president of Bangladesh Real Estate and Housing Association (REHAB) told FE that REHAB expects the new government to take initiative to create a healthy business environment.
He said the elected government would be sincere enough to the development of infrastructures including electricity, gas and mass transport for bringing dimension in the real estate sector.
The REHAB President said, raw material price spiralled affected the sector in last two years. Same as hartals, strikes had badly hit the sector earlier, said Mr Probal. He believes that the new government would play its due role so that the opponent refrain from these kinds of activities.
Bangladesh Association of Construction Industry (BACI) expects the government to give due importance to timely and faster implementation of the development projects.
BACI Secretary General GA Khan told FE that due to impact of global prices on the domestic building material market the sector expects a realistic understanding from the government. Some of the burning issues, he said, obstruct timely and effective execution of development projects.
To give an impetus to the construction sector, the government should go for timely and faster implementation of the development projects and fair competition in tender bidding, he added.
The BACI secretary general said South Korea, Japan, Thailand, Malaysia and Indonesia used the construction industry as a "growth engine" to boost their economies. "BACI expects the government to go it here."
Dr Ishrat Islam of Bangladesh Institute of Planners said the people's right to shelter needs to be ensured with a pragmatic planning. She expects that the government should take steps to stop land speculation by adopting an appropriate taxation strategy to facilitate urban growth and give importance on environmental protection in the cities.
Architect Ehsan Khan, former working committee member of Institute of Architect, Bangladesh, expects the new government to fulfill people's expectations through an agreement with all concerned. The government should value the views of the sector experts to ensure social, economic and physical development, he added.
Bangladesh Environment Lawyers' Association said the new government should remove irregularities in the urban property sector to protect the city environment.
Syeda Rizwana Hasan of BELA expects that the long standing demands of the green activists would be fulfilled by restoring wetlands, removing massive flaws on the Detailed Area Plan and reforming Rajdhani Unnayan Kartipakkya and Forest Department.
She particularly called for removing irregularities and corruption in RAJUK and Forest Department. The green activists, she said, expect the government to make these institutions and REHAB accountable so that they cannot deceive people anymore.