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Rehab housing fair ends in positive note

STAR BUSINESS REPORT
Rehab Housing Fair 2003 ended in Dhaka yesterday with the participating companies getting a very positive response from the visitors, especially prospective buyers of plots, apartments, shops and commercial spaces.
Participating real estate firms and building material suppliers got spot orders and bookings from the clients. The financial institutions which offered home loans at reduced interest rate in the fair also witnessed good response.
On average, more than 30,000 people visited the fair everyday, Toufiq M Seraj, president of Real Estate and Housing Association of Bangladesh (Rehab) which organised the four-day fair, said.
Most of the exhibitors expressed their satisfaction over the interest the clients have shown in housing plots, flats and commercial spaces. The fair helped the customers decide and pick from a wide range of choices under a single roof.
"We are happy with the outcome of the fair. Many customers while visiting our stall confirmed booking of plots," said an official of Amin Mohammad Lands Development Ltd, an enterprise of Amin Mohammad Group.
On the last day yesterday, enthusiastic visitors were seen standing in long queues to enter the fair venue. Almost all the stalls remained crowded whole day and the exhibitors were found busy talking to the prospective customers.
Most of the visitors however came to know details about the special offers of participating companies. They collected information about location, size, price and other features of plots and apartments.
A total of 58 developers, 10 material suppliers and three financial institutions (FIs) took part in the third edition of the annual fair that began on Wednesday in the Winter Garden and Tennis Court area of Dhaka Sheraton Hotel.
Many visitors enquired about the terms and conditions of loans offered by the FIs -- National Housing Finance and Investments Limited, Industrial Development Leasing Company (IDLC) of Bangladesh Ltd and Delta Brac Housing Finance Corporation Ltd
All these FIs offered housing loans at 14.25 per cent interest rate at the fair, down from their normal interest rates ranging from 14.75 per cent to 15 per cent.
"We responded positively to the huge interest of the visitors, we have finalised many housing loans instantly at the fair," Golam Rosul, counsellor of National Housing Finance and Investments, told The Daily Star yesterday.
The building material providers also got spot orders for various materials including paints, ceramics, water tanks and aluminium bars.
The participating companies gave discount, gifts and special offers at the fair to attract more customers.