The income of the country’s real estate sector rose by 13 per cent to Tk 15,608 crore in the financial year 2010-2011 from that of Tk 13,820 crore a year ago, according to a survey of the Bangladesh Bureau of Statistics. The main source of income of the companies was construction of buildings and flats followed by land and flat improvement, the survey showed. In the FY11, the highest 77.7 per cent of their income came from construction of buildings and flats and 18.3 per cent from land and flat improvement.
Total value addition of the companies to the country’s economy was Tk 3,284 crore in the FY11, a little bit higher than the previous year when the value addition was Tk 3,020 crore, the data showed.
The BBS on Monday released the survey report on ‘Real Estate Activities’, first of its kind in the country that was conducted in between March 2013 and May 2013.
Private research organisation Integrated Development and Research Foundation conducted the survey on behalf of the BBS.
According to the survey, the value of fixed assets that include land, building, transport, furniture etc rose to Tk 884 crore in the FY11 from Tk 750 crore in the previous year. Land alone contributed 31.2 per cent of the total fixed assets of the companies.
They spent Tk 13,159 crore for construction and Tk 1,225 crore for employment in the FY11.
The sector in the FY11 generated 72,055 employments including 2,997 for females.
In the previous year, the number of employees including owner and partners was 70,785. Of which, 67,928 were male.
In the FY11 6,041 owners or partners were involved to run 2,222 real estate companies. Out of 2,222 companies, 1,261 were members of the Real Estate and Housing Association of Bangladesh.
Female employees in officer and staff category in the sector are highly paid compared with their counterparts. A female officer or staff on an average earned Tk 2.76 lakh and Tk 2.39 lakh respectively in the FY11 compared to Tk 2.59 lakh and Tk 1.29 lakh respectively by a male staff, the survey said.
There is also some confusing data on income of temporary workers as it showed that annual income of temporary female workers became doubled in the FY11 compared with that in the FY10 while the income of temporary male workers declined.
According to the survey, a temporary female worker on an average got Tk 68,000 in the FY10 that rose to Tk 1.68 lakh in the next year. Earnings of temporary male worker reduced to Tk 87,000 in the FY11 from that of Tk 90,000 in the FY10.
-With New Age input
