Managing director of Rupayan Housing Estate create a dream of model of Rupayan town, a project that has been create to build a safer place where people can find their residence at a minimal cost.
Home is not just only a word it’s a place where one find peace ,so what happen if we find a town , it will be like completely a starting a new era. Such thoughts are more reflected in the hearts of people who lives in rental homes, wishing to own a permanent apartment. But it is difficult for some middle of lower-middle income group of people to have such kind of apartment, to have an apartment with permanent address it’s like a dream for them.
So on that point Rupayan Housing Estate, one of the leading realtors in Bangladesh, has come forward with such a housing project that will fulfill the dreams of the middle and lower-middle group people.Rupayan's latest project in Narayanganj, adjacent to Dhaka, have a plan to set after Uttara, which is now considered a part of the capital.
"Dhaka is no longer a place where people can live. It is one of the most highly populated cities in Bangladesh, with more than two crore people living at present. People are here living without any civic facilities but without civic facilities people cannot live and the civic facilities are very much restricted over here.
The city needs to be centralized otherwise it is going to be a mess. We have set up the satellite town with these concepts in mind, where all housing and social facilities such as shopping malls, schools, mosques, hospitals, playgrounds and community centers are available. Rupayan towns goal is to take Dhaka outside Dhaka but we need the government support so that they will have to facilitate the private sector to invest outside Dhaka. The project, 'Rupayan Town' at Bhuigar, off the Dhaka-Narayanganj link road, stretches over 19 bighas of land.Rupayan is now offering ready flats in different sizes ranging from a minimum of 660 square feet to a maximum of 1,120 square feet at Tk 2,990 a square feet. A customer can avail the key to a flat with an initial down payment of just Tk 4.14 lakh. We have designed the project for the middle and lower-middle class people, who mostly live in rented flats. They spend a substantial amount on monthly rent, if we give them an opportunity of installment payment they can make the payments with the amount they previously spent on rent,Besides, we have arrangements with some financiers that will provide loan to our customers, like Delta Brac Housing, IDLC Finance, National Housing, Phoenix Finance, Bay Leasing, Southeast Bank and Pubali Bank are proving housing loans to prospective customers. Although the real estate and housing sector witnessed a 35 percent drop in sales in the first three months of 2009 as a consequence of the global financial crunch, Rupayan is optimistic about its new township project.It held a single company fair in the first week of this month to showcase the ready flats under the Tk 300 crore Rupayan Town, which comprises 28 eight-storied buildings with 784 flats in the first phase. The Rupayan Town includes facilities like a full-time generator for electricity backup, and its own water supply and sewerage system. Around 200 flats have been sold so far and many prospective customers are contemplating purchase. Although most buyers are based in Narayanganj, Rupayan is optimistic about selling flats to Dhaka-based customers. A good number of people from Motijheel and its adjacent Basabo and Mugda areas have booked some flats. We will begin the second and third phase of the town after the sales of first phase flats. In the second phase 1,100 flats will be built and 800 flats in the third phase. if the government reduces land registration fees and allows investment of undisclosed money in the real estate and housing sector, the sector will witness a boom. Besides, our success in the construction of readymade flats outside Dhaka will encourage other realtors to invest in the suburbs.
