The five-day REHAB Fair 2024, organized by the Real Estate & Housing Association of Bangladesh (REHAB), concluded on December 27 at the Bangabandhu International Conference Centre (BICC) with remarkable success. Drawing 17,729 visitors, the event showcased the growing potential of the real estate sector, featuring stakeholders such as land developers, builders, financial institutions, and ceramic companies.
RAJUK Chairman Siddiqur Rahman Sarkar inaugurated the fair on December 23. REHAB reported sales and bookings worth Tk 403.13 crore, comprising flats (Tk 230 crore), plots (Tk 96 crore), and commercial spaces (Tk 77.12 crore). Additionally, banks committed approximately Tk 1,090 crore in loans.
Prominent real estate companies like Sheltech and Mir Real Estate used the platform to showcase new projects and connect with clients. “The fair helps us engage with old and new customers while facilitating direct comparisons across companies,” noted Sheltech’s Deputy GM, AKM Rafiul Islam.
The fair also highlighted the ceramic industry’s growing influence in real estate. REHAB President Md. Wahiduzzaman emphasized that ceramics now constitute a significant part of a building’s finishing phase, accounting for 60% of total construction. Ceramic companies had a strong presence, showcasing high-quality tiles and tableware, which are increasingly in demand.
The fair committee chairman, Mohammed Akter Biswas, underscored the industry’s impact, with 12-15% of the GDP linked to real estate and related industries like rod, cement, and tiles. He praised the fair’s role in uniting buyers and sellers, offering customers the chance to explore a wide range of products and services under one roof.
REHAB leaders expressed optimism about the sector’s recovery by 2025, contingent on supportive government policies addressing challenges like high registration costs, VAT, and the economic slowdown. The event’s success reinforces its importance in fostering growth and innovation in Bangladesh’s real estate industry.
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