Bizdata Insights Main Logo

BizData Insights

BEZA to construct two housing projects

Industry: Housing, Real Estate

The Bangladesh Economic Zones Authority (Beza) is set to construct two housing projects within the Bangabandhu Sheikh Mujib Shilpa Nagar, aiming to accommodate approximately 400,000 industrial enclave workers. These low-cost housing projects will cover 363.55 acres of land in Saherkhali Union and the Domkhali area of Korerhat Union in Mirsharai upazila. Strategically located near the industrial areas, the projects will significantly reduce workers’ commute time, enhancing their convenience.

The comprehensive construction plan ensures access to essential amenities such as gas, electricity, water, healthcare, educational institutions, community centers, playgrounds, and markets. The implementation of these housing projects will prevent the scattering of workers in different areas, mitigating environmental and demographic challenges in the upazila. Bangabandhu Shilpa Nagar, spanning around 30,000 acres in Mirsharai, Sitakunda, and Feni upazilas, aims to employ approximately 1.5 million people once fully operational. Beza plans to allocate more land for housing projects to accommodate the workforce in the industrial city.

Source for more details:

Related News

Real Estate Industry in Crisis Due to Material Price Escalation

May 29, 2024

Bangladesh's real estate sector faces challenges due to policy amendments and rising construction material costs. Amendments to the Bangladesh National Building Code have led to soaring flat prices. The USD shortage has increased imported raw material prices. MS rod prices have risen to Tk 93,500 per tonne, impacting construction costs and flat prices.

Shanta Group Opens Sales for Dhaka Tower Space

May 26, 2024

Shanta Holdings Limited commenced sales for Dhaka Tower, a 500-foot skyscraper project. Once completed, it will stand as one of the country's tallest buildings. The tower will feature six basements for 724 cars, an exhibition space reaching 130 feet in height, and a fine-dining restaurant with an observation deck offering panoramic views of the city.

Alliance Finance and Concord Real Estate Sign MoU

May 20, 2024

Alliance Finance PLC recently signed a Memorandum of Understanding (MoU) with Concord Real Estate Ltd to provide financing for potential apartment buyers of Concord Real Estate. This agreement offers exclusive home loan benefits at competitive rates. The MoU was signed by the chief financial officer of Alliance Finance and the executive director of Marketing & Sales for Concord Real Estate.

Edison and GPH Ispat Ink Strategic Partnership Deal

May 20, 2024

Edison Real Estate signed a strategic partnership agreement with GPH Ispat at their headquarters in Tejgaon. The agreement allows Edison Real Estate to use materials that are designed to improve performance. The chairman and CEO of Edison Real Estate, and managing director of GPH Ispat, signed the deal.

Govt Takes Steps to Provide Housing for Low-Income People

May 15, 2024

The government is actively pursuing initiatives to address housing needs for low-income individuals, particularly those residing in slums across various cities in Bangladesh. A meeting chaired by Minister of Hosing and Public Works was convened at the Ministry to discuss these efforts.

UCB and Jams Group Forge Home Loan Partnership

May 14, 2024

United Commercial Bank PLC (UCB) and Jams Developments & Construction Ltd (Jams Group) recently signed a Memorandum of Understanding (MoU) to facilitate easier access to home loans. During the ceremony at UCB's Corporate Head Office, key representatives from both entities were present.

Related News

Real Estate Industry in Crisis Due to Material Price Escalation

May 29, 2024

Bangladesh's real estate sector faces challenges due to policy amendments and rising construction material costs. Amendments to the Bangladesh National Building Code have led to soaring flat prices. The USD shortage has increased imported raw material prices. MS rod prices have risen to Tk 93,500 per tonne, impacting construction costs and flat prices.

Shanta Group Opens Sales for Dhaka Tower Space

May 26, 2024

Shanta Holdings Limited commenced sales for Dhaka Tower, a 500-foot skyscraper project. Once completed, it will stand as one of the country's tallest buildings. The tower will feature six basements for 724 cars, an exhibition space reaching 130 feet in height, and a fine-dining restaurant with an observation deck offering panoramic views of the city.

Alliance Finance and Concord Real Estate Sign MoU

May 20, 2024

Alliance Finance PLC recently signed a Memorandum of Understanding (MoU) with Concord Real Estate Ltd to provide financing for potential apartment buyers of Concord Real Estate. This agreement offers exclusive home loan benefits at competitive rates. The MoU was signed by the chief financial officer of Alliance Finance and the executive director of Marketing & Sales for Concord Real Estate.

Edison and GPH Ispat Ink Strategic Partnership Deal

May 20, 2024

Edison Real Estate signed a strategic partnership agreement with GPH Ispat at their headquarters in Tejgaon. The agreement allows Edison Real Estate to use materials that are designed to improve performance. The chairman and CEO of Edison Real Estate, and managing director of GPH Ispat, signed the deal.

Govt Takes Steps to Provide Housing for Low-Income People

May 15, 2024

The government is actively pursuing initiatives to address housing needs for low-income individuals, particularly those residing in slums across various cities in Bangladesh. A meeting chaired by Minister of Hosing and Public Works was convened at the Ministry to discuss these efforts.

UCB and Jams Group Forge Home Loan Partnership

May 14, 2024

United Commercial Bank PLC (UCB) and Jams Developments & Construction Ltd (Jams Group) recently signed a Memorandum of Understanding (MoU) to facilitate easier access to home loans. During the ceremony at UCB's Corporate Head Office, key representatives from both entities were present.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here