Sahara India Pariwar enters Bangladesh’s housing & infra sector [July 2012]

Sahara India Pariwar makes its entry into the housing & infrastructure sector of Bangladesh. The group’s newly formed Bangladesh based company Sahara Matribhumi Unnayan Corporation Limited has signed a Memorandum of Understanding (MoU) with the Ministry of Housing and Public Works of Bangladesh Government, to invest in the development of housing industry in Bangladesh.
The new company decides to conceptualise, design and plan a new city near Dhaka, and will build affordable housing for low income groups with housing finance support for majority applicants. The newly formed company will also conceptualise, design and plan various integrated satellite townships under the Ministry of Housing & Public Works (MOPW) of the Government of Bangladesh. Mr. Roy Sahara has urged the Bangladesh Government to ease conditions about availability of housing finance and to remove the difference in tax rates between listed and unlisted companies in Bangladesh.

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