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Allow for affordable homes in the upcoming budget

by Analysis Team
May 19, 2022
in Housing & Building Materials, Real Estate
0
Covid hurdles, Russian war, Lankan downfall in budget plan: Experts

The government should set aside cash in the upcoming budget to give low-interest home loans, as well as granting land to developers to facilitate the development of cheap flats, to ensure affordable housing for low-income groups.” Alamgir Shamsul Alamin, President of the Real Estate and Housing Association of Bangladesh (REHAB).He further mentioned “We would not be able to accomplish the Sustainable Development Goals (SDGs) of leaving no one behind if we keep people homeless, especially when Bangladesh will be a developing country by 2026.

In this context, the government should set aside a specific fund in the forthcoming budget to offer low-income families with home loans.”

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As a result, the budget should encourage business and investment. Entrepreneurs should be encouraged to contribute to the country’s economic development.Furthermore he added, we will soon be classed as Least Developed Countries (LDCs), necessitating substantially greater investment to develop the entire country rather than simply Dhaka. Infrastructure, roads, power and energy, as well as education, will all require additional funding.

The Business Post

Analysis Team
Author: Analysis Team

Tags: Housing & Building MaterialsIndustry InsightInterview InsightReal estate
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