Page 28 - IBT December 2020
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Real Estate                                                                         Nation
                                                                                                     Builders



                                                                                                                                                                                                                                                                        now would like to work                 top as the best commercial      special incentives should be                          Q. What's your thoughts                                                 Q. Considering all the
                                                                                                                                                                                                                                                                        harder to give the stylish life        building of the country. It’s   introduced for moving into new                        on the recent DAP                                                       advancements, what's
                                                                                                                                                                                                                                                                        they all aspire to have.               noteworthy, a lot of time,      areas like Purbachal, Bosila,                         recommendations?                                                        your take on the future of
                                                                                                                                                                                                                                                                        Imagine a 650 square stylish           consumers wrongly perceive      Keranigonj, etc. which are spacious                   A. Irony at its best, our 2013 DAP                                      our real estate sector?
            The Sustainability                                                                                                                                                                                                                                          with 30% down payment and              That's not what we are offering   infrastructures; and this can be                    as I know, urban planning think                                         advancement, I have already
                                                                                                                                                                                                                                                                                                                                               and yet to be infested with urban
                                                                                                                                                                                                                                                                                                               something affordable to be cheap.
                                                                                                                                                                                                                                                                        apartment for a young couple
                                                                                                                                                                                                                                                                                                                                                                                                     is yet to be implemented. As far
                                                                                                                                                                                                                                                                                                                                                                                                                                                                             A. When it comes to technologic
                                                                                                                                                                                                                                                                                                               here. We want to make sure that
                                                                                                                                                                                                                                                                        only 35,000 BDT per month!
                                                                                                                                                                                                                                                                                                                                               done if the government promotes
                                                                                                                                                                                                                                                                                                                                                                                                     tanks have already rejected the
                                                                                                                                                                                                                                                                                                                                                                                                                                                                             mentioned that Japanese
                                                                                                                                                                                                                                                                                                                                               good schools, colleges, hospitable
                                                                                                                                                                                                                                                                                                               what we deliver is value for the
                                                                                                                                                                                                                                                                        The response is phenomenal.
                                                                                                                                                                                                                                                                                                                                                                                                     recent recommendations made by
                                                                                                                                                                                                                                                                                                                                                                                                                                                                             philosophy in design is somethi
            of Success                                                                                                                                                                                                                                                  Be it a single parent or a             money. And needless to say, the   special commuting facilities, public                DAP. Even as a simple citizen, I                                        we aspire to implement. Innovat
                                                                                                                                                                                                                                                                                                               properties that we make are
                                                                                                                                                                                                                                                                                                                                               transportations like intra-city train
                                                                                                                                                                                                                                                                        young corporate who dreams
                                                                                                                                                                                                                                                                                                                                                                                                     wonder why do we make policies
                                                                                                                                                                                                                                                                                                                                                                                                                                                                             has been at the core of our dec
                                                                                                                                                                                                                                                                                                                                               service or metro rail coupled with
                                                                                                                                                                                                                                                                                                               timeless hence appreciated
                                                                                                                                                                                                                                                                        of bringing his family to
                                                                                                                                                                                                                                                                                                                                                                                                     which are not welcomed by
                                                                                                                                                                                                                                                                                                                                                                                                                                                                             making and this is why there ar
                                                                                                                                                                                                                                                                        Dhaka and living in their
                                                                                                                                                                                                                                                                                                               irrespective of market changes.
                                                                                                                                                                                                                                                                                                                                               interest and registration incentive .
                                                                                                                                                                                                                                                                                                                                                                                                     industry exponents and
                                                                                                                                                                                                                                                                                                                                                                                                                                                                             many amenities which Rangs
                                                                                                                                                                                                                                                                        own apartment-our schemes
                                                                                                                                                                                                                                                                        would suit all these people's            Q. At present, the interest   However, before doing that, the                       academicians? If we talk about                                          pioneered in the industry. Now
                                                                                                                                                                                                                                                                                                                                               government first needs to identify
                                                                                                                                                                                                                                                                                                                                                                                                     nation building, policies should
                                                                                                                                                                                                                                                                                                                                                                                                                                                                             you ask businesswise, what I
                                                                                                                                                                                                                                                                        needs. Eventually we will              rate on home loans              the thrust areas for new real estate                  be as such that has rationale for                                       believe is that the market impa
                                                                                                                                                                                                                                                                        come up with housing                   ranges from 9 per cent to       setups. We all know along with                        everyone to appreciate it. Then it                                      those who are not reliable. For
                                           Mashid Rahman, Managing Director of                                                                                                                                                                                          schemes that are affordable            11 per cent. What sort of       REHAB, the government is                              needs to be communicated                                                company like ours, which has th
                                           Rangs Properties Limited on the                                                                                                                                                                                              to people whereby they would           facilitating services can       planning to do a new Detailed Area                    through proper channels, and                                            name, fame and trust of our
                                           achievements and aims of his company to                                                                                                                                                                                      be able to own a property at a         the government extend to        Plan (DAP) for Dhaka city with an                     eventually implemented by                                               esteemed customers, weathering
                                           secure a bold future for our country.                                                                                                                                                                                        cost of rental. Rangs                  the real estate sector to       aim to make it more livable. The                      engaging all the stakeholders. We                                       the economic downturn is easily
                                                                                                                                                                                                                                                                        Properties has also branched
                                                                                                                                                                                                                                                                                                               ensure its sustainability
                                                                                                                                                                                                                                                                                                                                               DAP should enumerate enough
                                                                                                                                                                                                                                                                                                                                                                                                                                                                             possible. This is why we didn't
                                                                                                                                                                                                                                                                                                                                                                                                     hear a lot about demolishing the
                                                                                                                                                                                                                                                                        out in Chattogram and are              and profitability?               transparency and attainable                           old, ragged buildings of Old                                            have to pull down our prices to
                                                                                                                                                                                                                                                                        among the top real estates in          A. Two things need to be done to   outcomes so that investors and                     Dhaka and building multistoried                                         afloat during this unprecedente
                                                                                                                                                                                                                                                                        the port city.                         combat this. I have been preaching   movers alike feel confident about                ones. Sounds like a big plan but                                        crisis. Much of this success ow
                                                                                                                                                                                                                                                                                                               almost on all forums that for first   it. There is no doubt about the fact            what about the transportation?                                          the confidence and trust that o
              By Tanzeel Zaman               motorbikes in Bangladesh.                                                                                                                                                                                                  Q. You mentioned                       time homeowners' sake, the      that all these new areas will need                    Who would take care of the                                              founder Abdur Rouf Chowdhury
                                             Having said that, if one has to                                                                                                                                                                                            about Rang's vision to                 government should fix the interest   schools, hospitals and markets for               bedraggled roads of that part of                                        and his son Romo Rouf Chowdhury
                                             point out one enterprise that can                                                                                                                                                                                          offer affordable                         rate at 6% with a repayment period   people's everyday needs. We pledge               the city which could have been a                                        earned and sustained over a per
                                             be considered to be the crowning                                                                                                                                                                                           stylish apartments.                    of 15 years. And at the same time,   to the government to be the                      wonderful destination for                                               of four decades. A company whic
             Q. Can you please share         glory of the Rangs empire, then                                                                                                                                                                                            Would you like to                                                      facilitator of this if the government                 heritage tourism? Nevertheless, I                                       keeps delivering the best produ
             the RPL's legacy in             that would be our real estate                                                                                                                                                                                              elaborate upon it?                                                     can support and ensure to provide                     strongly believe the concerned          estate is about making spaces   and the promises irrespective o
             building the nation?            business. The credit goes to Romo                                                                                                                                                                                          A. I take pride in being a part                                        special lands to best educational                     ministries have all the right           which are livable and useful to   conditions is sure to thrive.
                                                                                                                                                                                                                                                                                                                                                                                                                                             common mass from different walks
             A. Rangs Properties Limited’s   Rouf Chowdhury, the group                                                                                                                                                                                                  of this conglomerate because                                           institutes and hospitals so that                      intentions to give the city a           of life. We have made studio    said that, to conclude, I would
             journey started two decades ago.   managing director, who's vision                                                                                                                                                                                         when it comes to style, we                                             they can set up infrastructure,                       much-needed facelift but some           apartments keeping in mind of the   to remind the policy makers
             Over the time, the company      and focus has been on it since day                                                                                                                                                                                         consider ourselves as the                                              which eventually will lure people                     key decisions made by them              empty nesters, newly married,   readers that Dhaka is going to
             managed to strike praiseworthy   one. Carrying the legacy of his   brands. Thus, with sheer                                                                                                                                                                design leader much to the                                              to move to those localities. We                       seem arbitrary and not                  small families and the budgeted   a population surge resulting
             success as one of the key business   father, Abdur Rouf        dedication, attention to details                                                                                                                                                            likes of global brands like                                            need policies in places which will                    well-thought. This is why               families. The beauty of our     rise of the demand for houses.
             units to one of the largest     Chowdhury-one of the           and dynamic strategy, we have                                                                                                                                                               Apple, Mercedes or a Mont                                              not restrict but incentivize the                      engaging with the stakeholders,         enterprise is we have set       a global phenomenon. This is wh
             conglomerates, boasting some of   torchbearers of Bangladesh’s   been contributing in nation                                                                                                                                                               Blanc. If you are aware of the                                         growth of the sector as well as the                   hearing about their demand and          decade-long goals. Such practices   a conducive policy that’s
             the best real estate projects of the   private sector-led growth, Romo   building since our inception. As                                                                                                                                                  clean and free flowing nature                                          city which is teeming with 20                         vision will make the job easier         are scarce in the real estate sector.   sustainable and scalabl
             country. What makes Rangs stand   has managed to cement the    the country is going to become a                                                                                                                                                            of Japanese building design,                                           million people at the moment. Our                     and the outcomes more                   Our philosophy is to plan before   helps with the establishment
             apart from its contemporaries is   company's growth with       middle income one soon, we have                                                                                                                                                             you would see that we are                                              extraordinary success in the RMG                      business-friendly and holistic.         we make it. Speaking of our     basic need infrastructures, can
             the diversified business portfolio.   resounding aplomb.       a new vision: to give homes to                                                                                                                                                              coupling the same philosophy                                           sector was due to the policy and                                                              Courtyard, it is planned in a way   us to the next level of gro
             Starting from real estate,      What started in the 70’s as a   those who couldn't even dream of                                                                                                                                                           with the sophistication of                                             incentive support they have                           Q. Rangs has launched                   that it is affordable to many   but not least, as the governmen
             automotive, motorcycle          daunting dream has now taken a   having one. We all know how                                                                                                                                                               British elegance. Those who                                            enjoyed from the government, time                     the first ever studio                    different groups of clients. Even for   encourages PPP, we want
             manufacturing, electronics      beautiful shape and in the able   expensive a city like Dhaka is!                                                                                                                                                          have stepped into any Rangs                                            and again. If you look at the real                    apartments, which are                   couples who are old and want to   propagate the idea of 5Ps, th
             manufacturing, fishing to       hands of Romo Rouf Chowdhury,   Affording a dream home at the                                                                                                                                                              Property would have no                                                 estate sector, it has the most                        speculated to be in high                spend their retirement period   Public Private Partnership in P
             banking and insurance, we have   the company is now aiming to   cost of 50 lac BDT or less may                                                                                                                                                             qualms in saying that they                                             complex supply chain. There are                       demand right now.                       without any hassle, the         Preparation.
             stepped foot in sectors which not   make the lives of all walks of   seem utopian to many but we are                                                                                                                                                       have experienced uniqueness                                            242 industries, directly or                           What's your take on the                 accessibility of the property to the   Once we can materialize
             only contributed immensely in the   people better. If you look at a   planning to make it happen.                                                                                                                                                          in design. In simple words,                                            indirectly associated with the                        future of this?                         main road as well as to the     a holistic manner, nothing can
             national exchequer but also     Suzuki motorbike, this is the most                                                                                                                                                                                         our design philosophy is                                               sector and all home-grown. Our                        A. We dream of an inclusive             Evercare Hospital, made it a    us in continuing as the growth
             created thousands of            stylish vehicle in the most    Q. Are you targeting                                                                                                                                                                        simplistic and functional                                              sector provides 7-8% of GDP of the                    growth of this nation and are           wonderful option. We are even   frontier to becoming the next
             employments. I must mention our   affordable price among its peers.   towards a new client                                                                                                                                                                 with an open plan design.                                              country. To grow further, we must                     working in line with that dream.        putting resident doctors. There are   economic superpower in So
             stupendous success in the       Again, Honda is probably the   base?                                                                                                                                                                                       Historically speaking, Rangs                                           become a part of the discussion                       This is why, real estate business       facilities for senior citizens so that   Asia and eventually to
             automobile sector ranging from   most affordable luxury car with a   A. Bangladesh's burgeoning                                                                                                                                                            built the first condominium                                            which eventually decides the fate                     for us is not only about making         they don't suffer unnecessary   Rangs, not only dreams big but
             Mercedes Benz, Honda,           premium style. Echoing the same   consumer base owes much to the                                                                                                                                                           in Gulshan, Dhaka. From an                                             of the sector and I hope REHAB                        stylish apartments. We also build       age-related accidents, which many   also makes it happen. That’
             Mitsubishi, to more recent MG,   success in the real estate sector,   ever-expanding middle-class                                                                                                                                                          architectural aesthetic point                                          and RAJUK and all other                               buildings which are providing           abroad-living citizens would want   echoing the rigidity and
             Mahindra, FUSO, JMC. In         we have branded ourselves as   group. This is why veering our                                                                                                                                                              of view, Rangs Babylonia,                                              associated bodies would listen to                     services in healthcare, finance,        to avail. The apartments are fully   flamboyance Bangladesh is
             addition, we are producing Suzuki   affordable luxury among all other   sight from the premium sector; we                                                                                                                                                  location in Tejgaon can easily                                         our pledges.                                          education and many more. Real           furnished too.                  showing to the world.
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