Friday, July 12, 2024

Don’t sanction loans to illegal housing projects

BB asks banks Bangladesh Bank on Wednesday asked the scheduled banks not to sanction loans to private ventures for developing lands, constructing buildings and purchasing flats if they do not have the approval of the authorities concerned. To this end, the BB issued a circular to managing directors  and chief executive officers of all the ... Read more

Stop them, right now

HC again asks Rajuk to stop all activities of illegal housing schemes; stays effectiveness of Ashiyan City’s DoE certificate The High Court yesterday once again directed Rajuk to immediately stop all activities of unauthorised housing projects including their filling of land, advertisements, and selling plots in and around Dhaka. In response to a writ petition, ... Read more

TIB slates legalisation

Illegal Housing TIB slates legalisation Transparency International Bangladesh (TIB) yesterday condemned the government’s decision to legalise some illegal housing schemes defying a High Court directive and ignoring environmental impacts. Expressing deep concern over the decision by an inter-ministerial body to “provisionally’ approve the projects, the anti-graft watchdog urged the government to cancel the decision

Govt making those legal

Illegal Housing Projects Govt making those legal The government has legalised two illegal private housing schemes and is going to okay at least four others to the destruction of natural wetlands and rural homesteads on the capital’s north-eastern fringe. An inter-ministerial body led by the housing minister conditionally approved BDDL Natundhara and United City (Neptune ... Read more

Rajuk suspends 21 firms’ registration

Illegal Land, Housing Projects Rajuk suspends 21 firms’ registration Rajuk yesterday suspended registration of 21 listed housing companies, including many prominent ones, for undertaking illegal land projects and selling plots at the ongoing Rehab fair in the capital. It also served notices on around 20 other companies at the fair venue that are not listed ... Read more

HC bans adverts, activities of illegal housing projects

The High Court on Wednesday banned all kinds of advertisement of unauthorised housing projects. The bench of Justice AHM Shamsuddin Chowdhury and Justice Jahangir Hossain also asked the government stop all activities, including earth filling, of the housing projects that are not authorised by Rajdhani Unnayan Kartripakkha. Observing that the unauthorised housing projects are causing