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Business

‘Affordable house for all’

Real estate business in Bangladesh is still tied up to the tier of the elites and this needs to change, says Raj Hoq, currently the CEO of Rangs Properties. Athletic in posture and a sharp-looking man, he explained his future plans for the company.

A passionate team leader, much of his talks were on how he describes success and the secrets of his leadership, him being in the pivotal position of a top company in Bangladesh. And he was fluidly giving away all that he had in the bag – and they were excellent set of recommendations too. He says if you are a good listener, committed to your work, have good communication skills, ability to understand people and compassionate with others, you will be a winner. But what really got us was as to his vision for the future – the future of the real estate business in Bangladesh he wishes to pioneer.

“The real customer segment is the middle-class, the largest segment of the population in Dhaka city,” Raj Hoq says. “Everyone nowadays, on an average, pay a rent of Tk 20,000 to 30,000 per month to the landlord. Imagine yourself paying around Tk 20,000 a month and end up owning an apartment in about 10 years! In that way you are not spending anything on rent, only paying monthly installment. And finally, you will have an apartment of your own.”

As individuals consider this transformative approach to home ownership, it becomes essential to prioritize the maintenance and durability of their newfound property. Collaborating with a local roofing company can be a key aspect of ensuring the longevity and structural integrity of these apartments. By securing professional roofing services, homeowners not only safeguard their investment but also contribute to the overall well-being and value of their properties.

In addition to repair services, regular cleaning and maintenance are essential aspects of ensuring the longevity and integrity of a roof. A buildup of debris, such as leaves, branches, and dirt, can not only compromise the appearance of the roof but also lead to structural issues if left unaddressed. Search for the services of a reputable Roofing Contractor near me for routine cleaning can prevent such debris from accumulating and causing potential damage. These professionals possess the expertise and equipment necessary to safely and effectively remove debris, clear clogged gutters, and inspect for any signs of wear or damage.

Moreover, for residents seeking peace of mind and protection against potential roofing issues, engaging the expertise of a trusted roofing company is paramount. With services like Roof Repair in the Metro Detroit Area, homeowners can address any roofing concerns promptly and effectively, ensuring that their properties remain structurally sound and resilient against the elements. By partnering with professionals specializing in Roof Repair, residents can address common roofing issues such as leaks, damaged shingles, or weather-related wear and tear. This proactive approach not only preserves the aesthetic appeal of the property but also mitigates the risk of costly repairs or structural damage in the long run. Ultimately, prioritizing regular maintenance and timely repairs through collaboration with local roofing experts empowers homeowners to enjoy their newfound residences with confidence and peace of mind.

In this pursuit of turning monthly payments into lasting assets, partnering with a reputable local company plays a crucial role in maintaining the dream of homeownership for the growing middle-class population in Dhaka city.

As homeowners in Dhaka city strive to preserve and enhance the value of their properties, attention to both interior and exterior maintenance becomes paramount. While roofing services ensure structural integrity from the top down, it’s equally important to address the cleanliness and upkeep of exterior surfaces. Residents can rely on Pressure Washing Services in Port St. Lucie to revitalize their home’s facade, driveways, and walkways, ensuring a pristine and inviting exterior that complements the efforts to maintain a durable and attractive living space.

His calculations were crystal clear. In 30 years, for an average middle-class household that pays Tk 30,000 for rent per month, ends up paying about Tk 1 crore. “Does the landlord say that you can have a share of my house? No he doesn’t and he won’t ever. But, if you can pay the same amount for 30 years and become an owner of a property worth Tk 1.8 crore, isn’t that wonderful,” says visibly beaming Hoq.

But for that to happen, banks have to step in and bring down the interest rates of housing loans. It might even have to go up to the government level to set up special regulations for the real estate segment. But Raj Hoq thinks it is very much possible in the near future. He even thinks that the banks are showing some real development in this sector and such hopes are not so far-fetched. “Some latest developments are showing real promise. The interest rates in housing have come down remarkably. It is now the lowest you’ve ever seen. We can expect it will come down further in the future. If that happens, there will be some real development in the sector. And then, I believe we can offer everyone an affordable house,” Raj Hoq says.

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One Comment

  1. Cr. Maaood Chowdhury says:

    Great mate. You can do its! Love your article.

    Councillor
    Campbelltown City Council
    Sydney, Australia

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