BHBFC expo on housing finance begins Oct 19

Dhaka,  Tue,  26 September 2017
Published : 23 Aug 2017, 22:05:50
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BHBFC expo on housing finance begins Oct 19

FE Report


The Bangladesh House Building Finance Corporation (BHBFC) is set to organise its first 'Housing Financing Fair-2017' next month to help disseminate information on services and advanced technologies of the housing sector to visitors and participants.

A total of 82 organisations including financial institutions, developers, building material manufacturers and LPG (Liquid Petroleum Gas ) suppliers will participate in the fair, said BHBFC Managing Director (MD) Debasish Chakrabarty at a press conference at his office on Wednesday.

Housing and Public Works Minister Mosharraf Hossain will formally launch the three-day fair at Hotel Sonargaon on October 19.

Some foreign companies are also expected to participate in the expo which will help share technologies with the participants, said the BHBFC MD.

The fair will also show some apps to the visitors to provide primary knowledge about building a house, he added.

"We should follow advanced technologies like those of other developed countries to ensure quality, cost effectiveness and safety," he said.

The BHBFC has introduced different loan services for the clients. It will also launch housing loan for farmers. Such a loan project is now waiting for approval of the concerned ministry, he said.

The market share of the specialised financial institution will increase gradually as it has taken different reforms of their loan projects, he also said.

The BHBFC so far disbursed loan worth Tk 60.00 billion while the recovery rate is 93 per cent.

Daulatunnahar Khanam and Zahidul Haque, general managers of the BHBFC, Liakat Ali Bhuiyan, vice president of the  Real Estate and Housing Association of Bangladesh (REHAB) and Aftab bin Tomiz, chief executive officer of Green Bizz Ad Point among others were present at the press conference.

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