Property news
NBR to harmonise | Wednesday, 2 July 2008
land-apartment
registration fees
The National Board of Revenue (NBR) has taken a move to harmonise registration fee for apartments and land sales tax. The move has been taken to bring down the cost of housing. The fees in Bangladesh are the highest in South Asia.
NBR Chairman Abdul Mazid at the second round of post budget roundtable on real estate termed the high registration cost as 'uncomfortable' for both buyers and sellers, leading concealment of actual price.
Registration fee for selling apartment in Bangladesh is 16.5 per cent, which is 7.0 per cent in India and 5.0 per cent in Pakistan. Real Estate and Housing Association of Bangladesh suggested for lowering the fees to 5.0 per cent
Change in RAJUK
RAJUK chairman and two joint secretaries were Monday given transfers and postings in a latest reshuffle in the administration.
According to an official announcement, RAJUK Chairman KAM Harun (additional secretary) was made chairman of Bangladesh Land Port Authority while joint secretary of the Cabinet Division Md Shafiqul Islam made chairman of RAJUK.
Besides, joint-secretary of Communications Ministry Safiz Uddin Ahmed was transferred as chairman of Bangladesh Road Transport Corporation (BRTC).
registration fees
The National Board of Revenue (NBR) has taken a move to harmonise registration fee for apartments and land sales tax. The move has been taken to bring down the cost of housing. The fees in Bangladesh are the highest in South Asia.
NBR Chairman Abdul Mazid at the second round of post budget roundtable on real estate termed the high registration cost as 'uncomfortable' for both buyers and sellers, leading concealment of actual price.
Registration fee for selling apartment in Bangladesh is 16.5 per cent, which is 7.0 per cent in India and 5.0 per cent in Pakistan. Real Estate and Housing Association of Bangladesh suggested for lowering the fees to 5.0 per cent
Change in RAJUK
RAJUK chairman and two joint secretaries were Monday given transfers and postings in a latest reshuffle in the administration.
According to an official announcement, RAJUK Chairman KAM Harun (additional secretary) was made chairman of Bangladesh Land Port Authority while joint secretary of the Cabinet Division Md Shafiqul Islam made chairman of RAJUK.
Besides, joint-secretary of Communications Ministry Safiz Uddin Ahmed was transferred as chairman of Bangladesh Road Transport Corporation (BRTC).