BHBFC plans housing for middle, lower income groups

Bangladesh House Building Finance Corporation (BHBFC) is planning to construct houses in khas (government) lands by using modern technology for the middle and lower income groups under 'rent to buy' method, reports BSS.

"We will construct the houses in the khas land through developers," said BHBFC Managing Director Debasish Chakrabarty.

"The houses will be allocated under 'rent to buy' method and middle and lower income groups will get priority," he said.

Chakrabarty said the BHBFC will construct the houses outside of the Dhaka and Chattogram metropolitan areas where developers usually do not go for constructing building.

"We are planning for such a special programme under the 'Presidential Order-7' which is waiting for approval from (the) cabinet. After getting approval, tender for hiring developers will be invited. Developers from home and abroad can participate in the tender process. They will have to construct the houses by using modern technology," he stated.

Since the selected developers will be using modern technology, then the houses will be long lasting and the construction cost will also be very low, the BHBFC managing director said.

"In traditional method, the local developers take long time, but under the modern technology, they can construct a house within a year," he said.

He noted that the developed countries are using 'fast-track construction' method to construct their houses and the construction method is low cost as well as time saving.

The house will be popular in the country as the construction cost of the eco-friendly house is very low, he mentioned.