REHAB Urges 7% Reduction in Flat and Plot Registration Costs

In May, Bangladesh's Construction Cost Index rose to 6.01%, indicating increased expenses for both public and private construction projects. The Building Materials Price Index (BMPI) grew from 5.95% in April to 6.01% in May, with building materials costs up by 0.06 percentage points. Transport costs increased by 0.26 percentage points to 5.83%, while labor costs rose to 6.18%, up by 0.05 percentage points.

Edison Real Estate Ltd and Haier Bangladesh Ltd have signed a memorandum of understanding (MoU) to offer exclusive benefits to members of the Edison Royal Club. The agreement, signed at Edison Real Estate's office in Tejgaon, will provide club members with discounts of up to 15% on a range of Haier products, including televisions,

Berger Paints Bangladesh Ltd has recently signed an agreement with Edison Real Estate Ltd, a subsidiary of Edison Group, at the developer's corporate office in Tejgaon, Dhaka. Under this deal, Berger Paints will supply a comprehensive range of paint and coating solutions for Edison's residential and commercial projects.

The government's revenue from property registration is expected to nearly double by the end of the current fiscal year, thanks to enhanced monitoring and improved accessibility of registration services. This growth is anticipated to receive a further boost from a proposed budgetary provision allowing undisclosed income to be invested in plots and flats. Revenue from property registration, which exceeded

Capital market listed company Saif Powertech Limited decided to invest 27,85,700 TK in Grihayan Limited during a recent board meeting. This investment aims to support Grihayan Limited's digital land survey, soil testing, and civil engineering consultancy services.

The Real Estate and Housing Association of Bangladesh (REHAB) stated that allowing undisclosed income investments in the housing sector without question, as proposed in the new budget, will boost the mainstream economy. They called for reducing the post-purchase registration fee of plots and flats from the proposed 30% to 7%, arguing that it would encourage accurate value declarations and increase government revenue.