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Notundhora Assets Ltd.

Real Estate Industry of Bangladesh

Bangladesh’s real estate sector is growing steadily on the back of the rapid development of the country, rising demand for housing, expanding middle class, and soaring percapita income. It all started during the 1970s with only 5 registered firms. During the 1980s apartment development got gross acclamation in Bangladesh by the middle-class city dwellers and by the late 1980s it was an established ordinary deal among all levels of income group.

At present, the concept of real estate is getting expanded not only around developing apartments but also model cities, shopping malls, major infrastructure, and commercial setup with an elaborate view of high-profit margin. The housing sector plays an important role in attaining economic stability. It is a big driver of economic growth as this sector has enormous multiplier effects on economic activities
this sector contributes to 7.96% in GDP.

In addition, the sector also contributed to the national economy through linkage industries, such as MS bar, cement, brick, sand, ceramic tile, paint, and other fixtures and fittings. As per research, this sector along with its linkage industries contributed about 12% to the national GDP. It is one of the largest employment generating sectors after agriculture and readymade garments. It also stimulates demand for ancillary industries, for example, steel, cement, tiles, sanitary ware, cable, electric ware, paint, glass, aluminum, brick, building materials, and consumer durables, etc. Projection from the last population census says that the total housing demand will be 0.8 million units in 2020 and 1.14 million units in 2030. Additionally, every year this sector directly adds to the government revenue (in the form of VAT, registration fee, utility fee, etc.) on an average of nearly BDT 5.0 billion.

The sector has extensive potential to attract investment to its various segments. However, progress is possible only with the joint efforts of both the industry and the government. Without proper accommodation, we cannot develop a capable workforce for contributing to the national economy. Judging the multi-sectoral nature of housing, it is clear that one or two isolated initiatives will not be enough to solve the overall housing problem. Government and private developer companies have to work together for the bright future of the real estate sector of Bangladesh. Due to huge market potential and sizeable market, Notundhora Assets Ltd. (NAL) has taken initiative to start a land development project at 300 feet Dhaka-Mawa Four Lane Highway, Bangladesh. Due to sizeable real estate market potential in recent years, the project will be technically feasible, financially rewarding and economically & commercially viable.

Market Potential of Real Estate Industry

Bangladesh’s real estate sector is growing steadily on the back of the rapid development of the country, rising demand for housing, expanding middle class, and soaring per-capita income. It all started during the 1970s with only 5 registered firms. During the 1980s apartment development got gross acclamation in Bangladesh by the middle-class city dwellers and by the late 1980s it was an established ordinary deal among all levels of income group. At present, the concept of real estate is getting expanded not only around developing apartments but also model cities, shopping malls, major infrastructure, and commercial setup with an elaborate view of high-profit margin.

The housing sector plays an important role in attaining economic stability. It is a big driver of economic growth as this sector has enormous multiplier effects on economic activities this sector contributes to 7.96% in GDP. In addition, the sector also contributed to the national economy through linkage industries, such as MS bar, cement, brick, sand, ceramic tile, paint, and other fixtures and fittings. As per research, this sector along with its linkage industries contributed about 12% to the national GDP.

It is one of the largest employment generating sectors after agriculture and readymade garments. It also stimulates demand for ancillary industries, for example, steel, cement, tiles, sanitary ware, cable, electric ware, paint, glass, aluminum, brick, building materials, and
consumer durables, etc. Projection from the last population census says that the total housing demand will be 0.8 million units in 2020 and 1.14 million units in 2030. Additionally, every year this sector directly adds to the government revenue (in the form of VAT, registration fee, utility fee, etc.) on an average of nearly BDT 5.0 billion.

Project Overview of Notundhora Assets Ltd.

Project Plan

NAL is committed to follow all rules and regulation of Private Housing Project Land Development Rule’ 2004, Real Estate Development and Management Act-2010. Initially, the project has 3,027 katha of land which is located at 300 feet Dhaka-Mawa Four Lane Highway, Bangladesh. Total number of plots will be 429 and total saleable land size will be 1,959.68 katha. There will be four blocks in this project which are Block-A, Block-B, Block-C for residential plots and Block-D for commercial plots. In this project, total land for public facilities is
1,167.32 Katha which 38.56% of total land of phase-1. Within 1,167.32 katha land of public facilitates, 1,067.32 katha is not saleable which is 35.26% of total land. Mentioned that NAL has plans to expand the project in the near future up to 3,500 bighas of land.

Full feasibility report and Business plan of Notundhora Assets Ltd is available to SRCA and Notundhora Assets Ltd.