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Dhaka Tribune

Rehab demands a monitoring agency to set construction material prices

They also said the housing sector was facing a deep crisis due to increase in the prices of all construction materials, including rods, cement, cables

Update : 03 Apr 2024, 08:37 PM

The Real Estate and Housing Association of Bangladesh on Tuesday demanded the formation of a monitoring agency to determine prices of construction materials and product quality.

Rehab leaders made this demand in a view exchange meeting with State Minister of Commerce Ahsanul Islam Titu at his office at the Secretariat.

Rehab President Md Wahiduzzaman led the delegation where Senior Vice-President Liaquat Ali Bhuiyan, Vice-Presidents Lion MA Awal and Mohammad Akter Biswas, and Vice-President (finance) Abdur Razzak, among others, were present.

The Rehab leaders demanded the formation of the monitoring agency with representatives from the Commerce Ministry, Rehab, FBCCI and concerned stakeholders to maintain the price of construction materials and product quality, according to a Rehab press release.

They also said that the housing sector was facing a deep crisis due to the increase in the prices of all construction materials, including rods, cement, cables, etc.

They said that flat prices in Dhaka had already gone beyond the reach of most people. Due to various reasons, the price of construction materials has gone up, making it difficult for the middle class to buy a flat, they added.

They said that basically developers took up projects in partnership with land owners and sell them at the beginning of the project implementation at a fixed price.

Due to sale and purchase agreement, even if the price of construction materials increase, the price of the flat cannot be increased, they said.

The leaders mentioned that the housing sector is facing challenges more than ever before. Many times it is seen that the price of imported raw material decreases but the price of the product does not decrease in the country, they said.

But, if there is a little increase in the prices of those products, the price is increased significantly in the country, they added.

Again, there is no effective system for checking the quality of construction materials in the country, but it is very important to check the quality for the sake of safety, they said.

The commerce minister assured them of considering their logical demand after reviewing the situation.

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