AN OVERVIEW OF REAL ESTATE BUSINESS IN BANGLADESH PROBLEM AND PROSPECTUS.

BUSINESS RESEARCH METHODOLOGY
COURSE CODE:

TITTLE: AN OVERVIEW OF REAL ESTATE BUSINESS IN BANGLADESH PROBLEM & PROSPECTUS.


Prepared By:
Name: MD ABDUS SALAM SONY
ID No: 082-27-101

Prepared For:
M. A.MATIN
VISTING PROFESSOR
DEPERTMENT OF REAL ESTATE ,
DAFFODIL INTERNATIONAL UNIVERSITY
DHAKA


Department:
REAL ESTATE


DAFFODIL INTERNATIONAL UNIVERSITY



Date of Submission: DECEMBER 20, 2008










Research Proposal

(1) Title of the Proposed Research project:

An overview of Real Estate business in Bangladesh Problem & Prospectus

(2) Implementing Unit:

(i) Name of the Researcher: MOHAMMAD ABDUS SALAM SONY

(3) Total Estimated Cost of the Project:

(4) Nature of Implementation: Independent

(5) Type of the Project: Survey & Evaluation

(6) Background & Justification of the Research:

Urbanization is an outcome of both population growth and rural-urban migration. As urbanization increases, more and more people are becoming city dwellers. Bangladesh is not any exception to that picture. In Bangladesh the problem of urbanization is further aggravated by limited and supply in urban areas, lower and utilization and lack of proper planning and land use policy. As globalization increases, the process of urbanization increases. It has momentum urbanization both in developed and developing countries. The ever-increasing urban population is creating an increasing demand fro shelter. The right of shelter is a fundamental right, which is ensured by both UN declaration and constitution of Bangladesh. But being a government of a poor developing country, it is almost impossible on the part of the government to ensure housing for all. As public sector failed to ensure their right, people have taken their own initiative to ensure their fundamental need of shelter. Private sector and real estate companies both are working together hand in hand to quench the ever-increasing thirst of people for shelter. Dhaka, the capital of Bangladesh, is facing more acute housing problem than any other cities of the country. This paper is an attempt to observe how private developer and real estate companies are contributing to dislodge the housing problem in the urban areas of Bangladesh with special reference to Dhaka and to provide some guideline for sustainable development of this sector.

Real estate is a large and important sector in Bangladesh. It is therefore necessary to analyze the overall situation of the business with a view to maximize the benefit therefore. This study helps to portray the situation to some extent.



Financing is a great concern for real estate business. The major sources of financing are BHBFC & Commercial banks etc. The demand for BHBFC loans, increases in demand for BHBFC loans, housing units constructed by BHBFC loans, commercial banks housing loans etc.

The report on “The status of real estate development in Dhaka as a capital city” helped to categorize the projects according to their nature, zone, price, size, units, key feature & forecasting the growth of real estate development etc.

Government, private sectors & NGOs play a pivotal role in rural and urban housing. Among the considerable factors, space housing loan terms, sanitation, water supply and sewerage facilities are the key factors. These are revealed by Halcrow Fax and Associates (UK) in association with EDU International (UK), Bangladesh consultant’s ltd.

(7) Objectives of the Research:

(7.1)Overall:
The objective of this report is to learn about the problem & prospectus of the real estate industry in Bangladesh perspective. This report allowed us to combine our bookish knowledge with real life practice among the construction companies in Bangladesh.

(7.2) Specific:
• To identify the necessity of housing
• To find out the government role for planned urbanization
• To evaluate the overall situation of real estate business.
• To have an understanding of the activities of the company.
• To understanding the marketing objectives: product, place,
price, promotion.
• To identify the problems faced by the real estate companies.
• To find out the problem of this sector, development and others.

(8) Research Design and Methods:
(8.1) Data source:
Different data and information are required to meet the goal of the report. Those data and information is collected from various sources, such as, primary sources and secondary sources:
Primary sources:
o Personal observation
o Based on course teacher lecture
o Group members idea and observation

Secondary sources:
o Relevant books, journals, booklets from REHAB etc.
o Annual report of REHAB
o Internet
o Text book
(8.2) Sample design:



(8.3) Sample selection:
The sample (top 5 real estate companies) will be selected from its 200 companies (Approximately). A segmentation of the respondents will also be made based on the company activities, such as: service provided to the customer, financial condition, ongoing projects and so on.

(8.4)Questionnaire design and data collection:


(8.5) Data analysis:
After data collection, a comprehensive conduction procedure will be followed. Incomplete and biased data will be sorted out and deleted from the data (real estate) company. Both descriptive and inferential statistics will be used in the analysis.

(9) Expected outputs/benefits:
Identification of the factors prospectus, service provided to its subscriber and so on, which will be useful for the policymakers to make decision for investment, improve the service quality in this sector.

(10)Duration of the project:
• Proposed date of the commencement : October 11, 2008
• Proposed date of completion : December , 2008

(11) Work plan, summary and activity chart:
(i) Activity chart:

Activity Major Activities Duration(Days)
1 Preparatory Planning 5
2 Literature Survey 7
3 Training of the Interviewers 3
4 Field survey 20
5 Data entry and analysis 8
6 Draft report 5
7 Final report 7








(ii) Activity chart:

Activity No. Activity Chart(Daily)
1 2 3 4
1-15 Research design
16-35 Field survey
36-47 Analysis of data
47-55 Final report


(12) Budget backup:




(13) Submitted by:

Md. Azharul Islam
Md. Abubaher Siddique
A.M.M. Afsarur Rahman Buhyian
Imtiaz Uddin


(14) Recommended by:
Dr. Nazrul Islam
Professor of Management

(15) Approved By:
Dr. Nazrul Islam
Professor of Management


(16) Signature of the researchers:


……………………... ………………………...
(i) Md. Azharul Islam (ii) Md. Abubaher Siddique


…………………………………. ………………………
(iii) A.M.M. Afsarur Rahman Buhyian (iv) Imtiaz Uddin


(17)Reference:
• Shamsul Arefin (undated) “Case Study of Unique Trade Center (UTC)” which was prepared from the job experience in “Borak Real Estate Ltd.” submitted to Pro. Shajahan Mina.
• Information collection from REHAB
• WWW.barighar.com
• Real estate information pages- developed by mainstream.





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