Huge crowd flocks to housing exposition
Star Business Report
Prospective buyers and enthusiastic people flocked to the Rehab Housing Fair 2003 yesterday, the second day of the four-day exhibition, at Dhaka Sheraton Hotel.The exhibitors were found busy talking to the visitors giving details about the apartments, housing projects, plots and commercial spaces available for sale. The developers are showcasing building models and housing plans at the fair to inform the customers of the their location, size, price and other features. Many participating firms are screening advertisements of their products on television monitors at their stalls to attract customers. A total of 58 developers, 10 building material suppliers and three financial institutions are taking part in the third edition of the fair that began on Wednesday. Real Estate and Housing Association of Bangladesh (Rehab) organised the fair offering the people a wide range of choices under a single roof. The visitors are showing keen interest in collecting information about plots, flats, shops and commercial spaces offered by participating companies. "We are participating at the show to introduce customers with our projects located in different areas in Dhaka," said Rafiqul Islam, sales and marketing executive of Building Technology and Ideas Ltd. Visitors are also gathering at the stalls of Delta Brac Housing Finance Corporation Ltd (DBH), Industrial Development Leasing Company of Bangladesh Limited (IDLC) and National Housing Finance and Investments Limited who provide house building loans. Although these financial institutions are offering reduced interest rates at the fair, visitors expressed their dissatisfaction over the high rate of interest on housing loans. "The rate is still extremely high. It should be cut down," Minhaz Uddin, a businessman from the city's Mirpur area, told The Daily Star at the fair venue. When asked, officials of those financial intuitions said they are non-banking institutions and they have to depend on banks to fix the interest rates. Apart from plots and lands, people are also visiting different stalls that are showcasing building materials. A total of ten building material providers put paints, ceramics, water tanks and aluminum on display at the fair. Amin Mohammad Group, Concord Real Estate and Building Products Ltd, East West Property Development (Pvt) Ltd and Jamuna Builders Limited are the co-sponsors of the fair which will remain open to public from 9am to 8pm till Saturday.
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