Realtors for scrapping criminal offence provision in new act
Friday, 26 March 2010
FE Report
Housing developers demanded to scrap the criminal offence provision from the proposed Private Real Estate Development and Management Act-2009 in a bid to protect the fast growing industry.
"We're not against the law. We want a balanced law, which will enable us to protect everyone's interest," Engineer Sardar Amin, president of Bangladesh Development and Environmental Forum (BDEF) told reporters at a press conference in the city Thursday.
BDEF is an organisation of the developers that promotes environmental issues in structural development.
The BDEF president said one out of five or six projects of a real estate company might be delayed. "What will happen to the other projects if the developers are sent to jail? We do not want such an unbalanced law."
"We of course want the unscrupulous businessmen to be punished, but it can be done by making those dishonest developers compensate financially so that others are not harassed by the judgment," he said.
"This happens at a time when the industry badly needs government support," he said.
The developers also requested the government to acquire lands for them so that they can arrange housing for people on the basis of the government's new policy, the Public-Private Partnership (PPP) system.
"Then the question of land-grabbing won't arise," BDEF secretary Engineer Anisuzzaman Bhuiyan Rana said.
The emergency press conference was arranged a day after four organisations submitted a memorandum to the prime minister demanding immediate passage of the proposed law to protect consumer interests and save wetlands around the capital.
Leaders of those organisations said the new law aims at bringing an unregulated real estate sector under a legal framework and will not harm the industry.
The organisations are Bangladesh Environmental Lawyers Association (BELA), Bangladesh Paribesh Andolan (BAPA), Institute of Architects Bangladesh (IAB) and Bangladesh Institute of Planners (BIP).
Housing developers demanded to scrap the criminal offence provision from the proposed Private Real Estate Development and Management Act-2009 in a bid to protect the fast growing industry.
"We're not against the law. We want a balanced law, which will enable us to protect everyone's interest," Engineer Sardar Amin, president of Bangladesh Development and Environmental Forum (BDEF) told reporters at a press conference in the city Thursday.
BDEF is an organisation of the developers that promotes environmental issues in structural development.
The BDEF president said one out of five or six projects of a real estate company might be delayed. "What will happen to the other projects if the developers are sent to jail? We do not want such an unbalanced law."
"We of course want the unscrupulous businessmen to be punished, but it can be done by making those dishonest developers compensate financially so that others are not harassed by the judgment," he said.
"This happens at a time when the industry badly needs government support," he said.
The developers also requested the government to acquire lands for them so that they can arrange housing for people on the basis of the government's new policy, the Public-Private Partnership (PPP) system.
"Then the question of land-grabbing won't arise," BDEF secretary Engineer Anisuzzaman Bhuiyan Rana said.
The emergency press conference was arranged a day after four organisations submitted a memorandum to the prime minister demanding immediate passage of the proposed law to protect consumer interests and save wetlands around the capital.
Leaders of those organisations said the new law aims at bringing an unregulated real estate sector under a legal framework and will not harm the industry.
The organisations are Bangladesh Environmental Lawyers Association (BELA), Bangladesh Paribesh Andolan (BAPA), Institute of Architects Bangladesh (IAB) and Bangladesh Institute of Planners (BIP).