Sahadat Uddin Mohammed Sa'dat, Chief Executive Officer of Aerial Properties Limited, recently sat down with Prothom Alo to discuss the state of the housing sector.
Prothom Alo: What is the current market situation of the housing sector?
Sahadat Uddin Mohammed Sa'dat: The increase in the prices of construction materials and the rise in workers' wages have had a direct impact on flat prices. As a result, buying a flat is becoming increasingly difficult for middle-class and lower-middle-class people. This situation has become a major challenge not only for buyers but also for housing business owners.
Prothom Alo: What is the way to overcome this situation?
Sahadat Uddin Mohammed Sa'dat: The prices of construction materials must be controlled, and land registration should be made easier and less costly. The process of obtaining loans in the housing sector needs to be simplified. In particular, banks and financial institutions should provide home loans at low interest rates. It is also necessary to remove bureaucratic complications in different government organizations so that new projects can be implemented more easily.
Prothom Alo: What are your expectations from the new government?
Sahadat Uddin Mohammed Sa'dat: Employment opportunities must be increased so that people's income and purchasing power grow. If local industries and production are expanded, the domestic market will become more dynamic. At the same time, improvement in the law-and-order situation is very important so that investors can feel confident.
Prothom Alo: How is cooperation with financial institutions important?
Sahadat Uddin Mohammed Sa'dat: Loan support from banks and financial institutions is very important for investment in the housing sector. However, due to some limitations in the national investment policy, investors often do not receive the expected support. Policymakers need to take timely and realistic decisions in this regard so that the development of the housing sector can be ensured.
