Medium-sized apartments in high demand at REHAB

Most visitors to the ongoing REHAB show were looking for mid-size apartments ranging from 1,200 to 1,600 square feet, said property developers attending the show.

Buyers and sellers at the ongoing fair at Bangabandhu International Conference Center in the capital said apartments in Mohammadpur are in high demand. Apart from that, the apartments in Mirpur, Dhanmondi and Uttara were the top choice for customers.

Visitors flocked to the fair on the weekend afternoon to look for apartments for their families and friends. Many of them booked immediately when they found apartments in a location of their choice, as real estate companies offered cash discounts, instant rewards, and a wide range of perks at the fair.

Apart from mid-size apartments, many customers flocked to the stalls of real estate companies that offer large, luxury apartments.

Companies attending the show said the number of visitors to the show was good this year, but not as large as in previous years.

Visitors to the fair collected brochures from housing companies along with their cell phone numbers and addresses as they wanted to buy an apartment or land after visiting the project site. Most of them were looking for ready apartments worth Tk 1 crore.

“People are turning to apartment buying because banks are offering easy installment loans at low interest rates. In the past two days our stalls were packed with middle class people,” said Md Shariful Islam, Senior Director of Marketing and Media at Rupayan Group.

AKM Rafiul Islam, Senior Deputy Managing Director of Sheltech (Pvt) Limited, said: “Hopefully the impact of the pandemic on the housing sector will ease soon. The large number of visitors and the high demand for apartments in this fair give rise to such hope. “

“However, due to the increase in the price of raw materials, the prices of the dishes have increased a bit. Customers are comparatively more interested in buying apartments in Mohammadpur, Mirpur, Malibagh and Uttara where the prices vary from 90 lakh Tk to 1 Tk. Crore, “he added.

Mr Moazzam Hossain, Senior Manager, Navana Real Estate Ltd, said: “I am getting more and more clients looking for an apartment in Mirpur. Most of them are looking for ready-made apartments. Customers will receive furniture worth 1.5 lakh Tk as a gift. if they book an apartment from our project at the fair. “

Meanwhile, banks and financial institutions participating in the fair are also offering low interest loans and loan processing fee discounts to customers intending to purchase apartments and land at the fair.

BRAC Bank Director Md Raisul Alam told TBS: “We provide loans at 7.5% interest if the application form is filled out at the fair.”

Various building material companies also set up stands at the fair.

Pa-Wang Ceramic Company, which manufactures Chinese-style ceramic products, exhibits various types of ceramics, including tiles at the fair.

Akij Plastics Ltd Deputy Director Md Shariful Islam told TBS: “We are offering a 10% discount on our products at the fair. “

Minister of Commerce Tipu Munshi inaugurated the 22nd REHAB Fair on Thursday. People will be able to visit the fair every day from 10 a.m. to 9 p.m. until December 26.

A single entry ticket to the fair costs 50 Tk and a multiple entry ticket costs 100 Tk.