This is a right time to invest money in real estate or land as an economic crisis is going on, because the value of land or flats gradually increases and such investments are also safe investments, according to Rupayan City Uttara chief executive officer M Mahbubur Rahman.‘The return on investment in land or flats is always a “plus” and cannot become a “minus”. People living aboard can buy more property than earlier due to the high price of dollar. Rupayan City did the highest business during the Covid pandemic,’ Mahbubur has told New Age recently at his Uttara office in the city.
As the real estate sector, he pointed out, uses local materials, so a good business in the sector would also help grow the local backward-linkage industries.
‘We do not need to import anything for the real estate business except lifts and generators. We have a premium-quality tiles production in our country. Earlier we had to import tiles from China and other countries, but now we don’t. So, if the real estate industry grows, it will facilitate growth in other local industries as well,’ he explained.
Rupayan City Uttara in the capital city boasts about 1,200 flats on 150 bighas of land, which has a three-tier security system, fire safety, sewerage treatment plants, swimming pools, a mosque, a school, a playground, 6.5 kilometres of walkways, a shopping mall and classy rooftops for a premium-quality living, he said.
The prices of the flats, duplex flats and villas in the housing facility range from Tk 2.2 crore to 16 crore.
‘The housing facility also offers spaces and opportunities for the physical and mental development of people of all ages from children to the elderly through various community engagements, said the CEO.
Many people chose the mega city as they found much open space in the facility, he noted.
For the full interview, please go to www.newagebd.net
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