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Ashian Lands Development chief executive talks to BID

Govt should take lead to ensure a fair housing market

by Md. Tanvir Noman
***'One cannot survive without honesty, integrity and commitment in this sector’.***
One can not survive in real estate business without honesty Manging Director of Ashiyan Land Development Ltd. Nazrul Islam Bhuiyan in an exclusive interview said that the real estate sector in the country is at a cross roads but is generally moving in the right direction. “ One cannot survive without honesty, integrity and commitment in this sector’, he summed up.
Responding to a question about the direction of the real estate sector, as an entrepreneur and the owner of a leading model town project-Ashiyan City. Islam said, the current government does not represent any group or party, therefore, this government will be helpful for honest entrepreneurs that is expected.
“If the government provides assistance like the developed countries then there is no reason why the sector will not flourish. Otherwise.this burgeoning sector will be subverted”, he said.
Continuing in the same vein, the successful entrepreneur went on, the habitat problem is so severe that many people live in sub-human conditions. In Dhaka, alone, a guesstimated 4 million people spend their nights in the open. Because of the high price of land, building material and other complica-
tions owning a house remains a unfulfilled dream for most people.
If their dreams are to be realized then 60.000 new houses need to be constructed, every year. The government, alone, cannot do this. Therefore, one has to think of alternatives, he said. “Like other countries, we, too. have to build satellite towns around the city. Some real estate companies are already doing this. The administration must facilitate their work”, Nazrul Islam said. Without being self-congratulatory he said that the private sector has played the key role in the recent development of the multi-storied complexes in the city.
Their apex organization REHAB has played an important role in making the system as functional and user-friendly, as possible. “It is not only an association it is also a credible platform that ensures quality not only to sellers but buyers, as well”, Islam said.
“Image crisis” is the single most problem for the sector, Nazrul says with a smile.”We have to overcome it, whatever the propaganda. Things have to be streamlined and truants taken to task but an effective framework for service delivery must also be evolved”.
He said buyers must get what they need and entrepreneurs must also be able to
make profits in a transparent and reasonable way. Stakeholders must put together their heads to ensure a fair process of investment development.
The CEO of Ashiyan Lands Development Ltd infonned BID that his company was buildings modem township across the road in front of the Dhaka international airport where a huge unplanned settlement lias sprouted. He quietly informed that they had great response from customers both, here and abroad.
“We are not here for the money alone, we have plans to set up a beautiful habitat and ensure delivery of the plots in time. What we need is proactive assistance of the regulatory bodies and utilities”,
Islam said, the current .laws in the private sector land development rules, 2004, has createa confusion among developers regarding land ownersnip. This is extremely harmful . If there is ambiguity about ownership then there will be little development. A parallel market will emerge. This has to be stopped.
The current power of attorney system in the land laws has served us well and it should continue. We hope, the government will consider, Nazrul islam said.
It is sad, he reflected, the way the developers are being considered,almost as adversaries. If this is the work environment then progress will be slow, he said.