Speakers at a recent Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) meeting said that the newly approved Detailed Area Plan (DAP) of the capital has some complications and challenges, especially in the case of floor-area ratio (FAR).
As per the new DAP, FAR is determined as the ratio of road width. As a result, landowners with properties along narrow roads will be affected, speakers said at the FBCCI Standing Committee on Real Estate and Housing held on Sunday at the FBCCI office.
Housing traders will also be victims of discrimination. In such a situation, they claim that the industry will suffer, they added.
Speaking as the Chief Guest of the event, FBCCI President Md Jashim Uddin said, “There are still opportunities to discuss with policy maker about challenges. But before that, business owners should deeply analyse the new DAP.”
Director In-charge of the committee and Real Estate and Housing Association of Bangladesh (REHAB) President Alamgir Shamsul Alamin said, “While there are many good aspects of the new DAP, some complications remain.”
FBCCI Vice President Md Amin Helaly urged the policy-makers to work with the issues businessmen face as challenges for the development of this sector. He also urged REHAB to be strict with dishonest entrepreneurs in the housing business.
FBCCI Directors MGR Nasir Majumder, Shafiqul Islam Vorosha, Bijoy Kumar Kejriwal, Hafez Harun, Abu Motaleb, Akkas Mahmood, Secretary General Mohammad Mahfuzul Hoque, Committee Co-chairmen Mohammad Nizam Uddin Jitu, Mohammad Ali Deen, Kamal Mahmud, AFM. Ubaidullah and other members were present at the meeting.