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Business Plan for a Real Estate Business in Bangladesh

Paper type: Essay
Pages: 4 (900 words)
Categories: Bangladesh, Bus, Business, Economics
Downloads: 21
Views: 247

It will make good quality flats for clients to live and enjoy lot more exclusive facilities. All these will be available at a very reasonable price. Since we believe in economies of scale. Slogan: “feel like living on heaven in every moment” Financing: To start up the business, Tk. 20 crores will be required, some additional needs to be financed by the bank. The loan will be repaid by five years. Confidentiality: This Business Plan is strictly confidential and is the property of the co-owners mentioned above.

Any reproduction of the material inside will result is strictly prohibited.

There has always been a good demand in the real estate market, and as the income level of the people of Bangladesh grows, that demand is surging even further. People want to buy unique, good-looking and attractive flats, but they want a good value for their money as well. That’s where we come in. We offer excellent quality flats, at reasonable prices.

Another uniqueness of our business is that we have a separate line of apartments for office/bank use only. There is currently no such real estate companies in Bangladesh that offers an exclusive line of apartments. Therefore, in this segment, we can enjoy the benefits of being an oligopolist. On the other hand, we have the business-to-business prospect. Due to good economic growth, apartments are on the rise.

Raihan with share of profit and loss according to ratio of equity invested. Together, we have gathered the necessary expertise required to run a real estate business. Initially, we will of course incur losses, but we plan to make profits in the fourth or fifth year. Real Estate Industry Analysis Industry Analysis: Real estate is a fixed, tangible and immovable asset in form of houses or commercial property. Real estate market involves developing, renting, selling/purchasing and renovating of these assets (houses). Market participants includes o Developers (contractors, engineers, and so on), o Facilitators (mortgage companies, real estate brokers, banks, anagement agents and so on), owners, renters (leasers)

Each product (house) is unique in terms of buildings, location, and financing thus market has heterogeneous products. Transaction costs are high and the process is usually long. Though there are mobile homes, but the land underneath is till immobile, real estate is an immovable asset. Market Segmentations: The main factor that affects demand in real estate industry is demographic features. The demographic variables include population size and growth, cultural background, beliefs. However, other factors like income, price of housing, cost and availability of funds, consumer preference, supplier’s preference, price of substitutes and compliments.

Future Outlook: One of the most startling statistics regarding real estate in this country, and a fact few people even realize, is that big portion of land in the Bangladesh is held either by the Government or is being used for agricultural purposes. The total farm area comprises about 62% of the total geographical area, forest area accounts for 15%, Perennial water 11% and urban area only 01%. The physical landscape is characterized by small arable fields. There are over 11 million farm holdings with more than 65 million fragments. The pattern of land ownership is highly skewed. 5% for the families having land above 7. 2 acres own 26% of the land and 70% of the families having land below 2. 5 acres own only 29% of the land.

The per capita availability of crop land is at present only 0. 24 acre. Land utilization statistics indicate that 54% of the net cropped area is single cropped and area under double and triple cropping account for 72% of the gross cropped area. 20% of the total cropped areas have irrigation facilities. Yield is low i. e. rice -0. 703 metric ton per acre. Annual food deficit ranges between 1. 5 2. 0 million metric tons. Frequent natural calamities like cyclone, flood, drought, tidal bore etc. add to the shortfall of crops and livestock. What this means is that only few portion of the country is available to support all residential and commercial uses.

This equates to nearly 1800 people per square mile of land by 2020. Despite the mortgage crisis and resulting financial meltdown of the last several years, these statistics seem to indicate that owning real estate in Bangladesh will continue to be a wise investment. In the very basic economic sense, there is no more land being created (limited supply) and more population density every day (increased demand). ? Economy: Growth in FY2010 was better than expected in April 2010 in Bangladesh, as a pickup in domestic demand neutralized the impact of weak expansion in exports. Inflation came in below the April projection, and the current account surplus was higher.

For FY2011, this Update retains the outlook of a moderate uptick in growth, but with a slightly lower forecast for inflation and a larger fall in the current account surplus. To raise growth prospects, power and gas shortages need to be eliminated and reforms accelerated. More fundamentally, political stability will be critical to boosting growth. The bank’s Monetary Policy Statement (MPS), issued in July 2010, indicated that there may have been some diversion of private credit into consumer spending and into speculative investments in the stock market and real estate. . So we are expecting that, the economic condition in Bangladesh will be much better for business. If we also consider the given figures the scenario will be clear more.

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Business Plan for a Real Estate Business in Bangladesh. (2018, Oct 18). Retrieved from https://studymoose.com/business-plan-for-a-real-estate-business-in-bangladesh-essay

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