Analytical Report Impact of Housing Business in our Society Bashundhara residential area

View With Charts And Images 

 

 

CHAPTER-I

 

LITERATURE REVIEW

Before people used to buy land to build up house for settlement. As a result, only upper class people get a chance to build up houses buying land. But it’s quite impossible for the middle class people. Since the time has changed, people decision is also changed. In the past days to build up a structure takes for or fine years or more than that. At present, people get a complete flat within on or two years because of housing business. But because of this housing business, people get not only benefit but also faces many problems. This problem is not personal it also spread out in the whole society. For this reason, we want to highlight the impact of housing business in our society.

Literature is very important for any kind of research or field study. For the better result of our field survey in “Bashundhara residential area”. We got literature help from Bashundhara group office and other internet. Most of these literary helps are field study related.   

Simplifying topic the essence of this study definitions of key words are needed to explain that shall be found in the report of “The impact of housing business in our society”.  

  • Profile of Bashundhara residential area:

In every type of land use and socio-economic research, this is needed to present the profile of the project area as a methodology of any project area. It is helpful for analysis of data after the project. We mainly keep importance about the profile of Bashundhara residential area.

  •  

Derived from both social and economic factors, combining such factors to provide an indication of person’s or group effective social situation. We have collected socio-economic data of inhabitants/ resident of Bashundhara residential area by questionnaire survey which both closed and opened structured questionnaire. There were 20 samples which were selected randomly. To manipulate the data for socio economic analysis, the statistical methods are used. For critical data analysis. Area-Info, Are-view, Ms-Word, Excel Software has been used.

 

  •  

We have used Bashundhara map for survey. We have identified A-E blocks/ 20,000 plot of this residential area. In the field, we have collected the land use information on base map identifying plot to plot.

  • Data collection Techniques:

When we went to research about a matter for our work. We have to collect data from primary and secondary sources. Now a day, this is the technique that is followed.

Most of the data is collected at the primary source. This research/ project paper is a combination of secondary data, collection and analysis as well as primary data collection. We collected the different land use and socio economic data by asking local people/ in habitants of Bashundhara residential area.

 

LIMITATION OF THE RESEARCH OR STUDY

 

A number of limitation were faced at the time of conducting the research-

  • Needed more specific socio-economic questions.
  • In sufficient secondary data on “Bashundhara residential Area”.
  • Face problems with the local people in that area as they were reluctant to answer my questions and some of them gave incorrect response.
  • Could not get direct information from the head of the household, as the time we surveyed, they were out of the house.
  • Time constraint, we  didn’t home enough time to cover the what area properly

 

SELECTION OF THE STUDY AREA

The name of project is “Impact of housing in our society” and hare selected a residential area for this project. The name of residential area is “Bashundhara Residential area”. As a build up this residential area, two type of impact have been seen in not only society but also at the hearest area.

CHAPTER-II

HOUSING BUSINESS (DEFINITION)

Dhaka city brogue during the Moghul Empire and grown with the British rule, is expending rapidly. From the beginning of the 20th century its growth and latter development is marked with sheer lack of proper and for reaching planning. The impact is now being felt at the end of the century. Dhaka city is under going terrific growth phase throughout the last two decades. While there are so many real estate developers in the market, there are also very few of the who thane maintained the quality, safety and customer preference. It is customary in the country that the first day quality and impression is lost after a while when people, start getting a bit of familiarity. This happens due mainly to lack of professionalism. Sometimes the consumers here are in a fix to choose a particular brand out of many.

A good number of real estate companies are working under one umbrella association named “Real estate and housing Association of Bangladesh (REHAB). Almost 83 companies are at present affiliated with this association, while more than 200 companies are working independently.

Objectives of Housing Business or REHAB:

· To offer finest apartments in excellent locations to the clients.

· To provide sound construction with aesthetic design to the clients.

· To install best possible fitting and fixtures.

· To satisfy clients by expert oriented service

· To help solving the residential problem of Dhaka city.

· To perform social responsibility for a happy market.

 

Real estate business especially apartment projects has started in late 1970s in Dhaka city. But from early 80s the business started to grow and flourish.  It present more than 250 companies are active in Business but 95% business is still dominated by of top 10 companies. Present market is growing at the rate 15% reasons for development of the industry.

The main reasons why real estate business or housing business develop0ed in Dhaka city are as follows:

  • Scarcity of open space in the important areas of the city.
  • Rapid increase in population of Dhaka
  • Hazards of purchasing land
  • Hazards of construction of building
  • Decrease in the rate of bank interest
  • Price of land and apartments is increasing day by day.
  • Rent of the apartment is comparatively higher than the rent of privately constructed flats.
  • Open market economy remittance of foreign currency is very easy.

Disadvantages of Housing business

Ø  It increases traffic congestion

Ø  It increase population problem

Ø  It increases environmental population

250 companies are engaged with housing business or REHAB: Those ares-

  • Dom-Inno Builders Ltd.
  • ABC Real estates limited
  • Alliance properties limited
  • ANZ properties limited
  • Assurance Developments Ltd
  • Asset Development and holdings ltd.
  • Bay developments Ltd.
  • Capital and Development Ltd.
  • Eureka homes Ltd.
  • Excellence properties Ltd.
  • Green Delta housing and Development Ltd.
  • Home Design Ltd.
  • HRS Development and Holdings Limited
  • Jamuna Builders Limited
  • Japan garden city Ltd.
  • Nagar Builders Ltd.
  • Property Development.
  • Protik Development Limited.
  • Ventura Properties Ltd.
  • Zaman Properties
  • Zoha Properties

Housing projects (Private) have been spread out in every area of Dhaka city. Such as:

 

  • Baridhara (Bashundhara residential area)
  • Gulshan
  • Banani
  • Uttara
  • DOHS
  • Kalabagan
  • Kakrail

 

RAJUK Code

Most of the housing companies don’t follow the RAJUK code. Because of this, housing projects are confronting many problem and risk. Example: Bashundhara residential area etc. This project area is not properly permitted by RAJUK.  Because Bashundhara Residential Area is a low land area. Every year this project is affected by flood. So, housing project should be maintained rajuk code.

 

CHAPTER-III

Bashundhara Residential Area

The first and prime project popularly known as “Bashundhara” hear Bashundhara diplomatic zone has been developed on several hundred acres of land. In this residential area, 15 blocks are there and among them 13 (A to M) blocks are already developed in planned and organized way and rest of N,P blocks are on process to develop.

 

Location of the project or Bashundhara residential area:

This area located about two kilometer fro Zia international airport.  

North side ?A 300 feet wide RJUK road.

West side ? Baridhara Diplomatic gone of RAJUK

East Side ? Rajuk purbachal project

 

 

Other Facilities are

There are more facilities in Bashundhara residential area:

  • North south university
  • International university of Bangladesh
  • Viqurennessa Noon School and College
  • Sunny dale English Medium School
  • Apollo hospital
  • Mosque
  • Jamuna Future park
  • Bashundhara Convention centre

Bashundhara residential area was established in 2004 as a residential area. A-F blocks are approved by Gov’t. The bashundhara group of companies started off as a real estate venture known as “Bashundhara” under the again of the groups first concern the East West property Development (Pvt) Ltd. This project turned out to be very successful and had helped foster the growth of trust and confidence of the urban people in “Bashundhara”.

Problems of Bashundhara residential area:

The in habitants of Bashundhara Residential area, they are confronting many problems those are:-

· Traffic problem

· Care parking problem

· Security problem

· Drainage problem

· Electricity problem

· Water supply problem

But everyday inhabitant of Bashundhara residential area are confronting traffic problem. Because this residential area has no bypass.

Drainage problem is the problem of Bashundhara residential area. During on rainy season, rain water gets stuck on roads due to lack of proper drainage system.  

Steps:

Bashundhara project should take proper steps to remove those problems.

  • The roads of Bashundhara residential area should be repaired and maintained.
  • The supply of electricity should be improved.
  • No recreational system sacred to be found at Bashundhara residential area. Therefore, park and playground should be assembled.
  • The drainage system of Bashundhara area is hot properly good. So, the authority should take step to develop this drainage system. As a result, every raing season, the rain water will hot get stuck on roads.

Information of the family/ resident of Bashundhara residential area:

Ratio of the head of the household :

 

 

Frequency

Percentage

Male

20

100

Female

00

0

Total

20

100

 

 

After analyzing the data of my survey area Bashundhara Residential area, we can see that 100% households’ area male and most of the earner are male.

 

 

 

 

 

 

 

Types of the family :

 

 

Frequency

Percentage

Single family

15

75

Combined family

5

25

Extended family

00

00

Total

20

100

 

 

In Bashundhara residential area, 75% families are single family and 25% families are combined family.

 

 

Duration of living :

 

Duration

Frequency

Percentage

1-3

17

85

3-6

03

15

6 +

00

00

Total

20

100

 

 

 

This table shows that 85% people are living here for 1-3 years, 15% people are living 3-6 years.

 

 

Ratio of family members:

 

Members

Frequency

Percentage

Male

75

60%

Female

50

40%

Total

125

100%

 

 

 

 

Here, 60% people are male and 40% people are female.

 

 

Relation of the members with the household:

 

Relations

Frequency

Percentage

Husband

10

8%

Wife

30

24%

Father

03

2.4%

Mother

04

3.2%

Brother

06

4.8%

On

25

20.8%

Sister

02

1.6%

Daughter

54

43.2%

Total

125

100%

 

 

Age Structure of the family members :

 

Classes

Frequency

Percentages

0-10

26

20.8

11-20

49

39.2

21-30

33

26.4

31-40

02

1.6

31-60

07

5.6

60 +

08

6.4

Total

125

100

 

 

Here, maximum people group is married and 33% are unmarried.

 

 

Occupation :

 

Occupation

Frequency

Percentages

Service

28

22.4

Business

20

16

House wife

20

16

Student

57

45.6

Total

125

100%

 

 

Here, 45.6% are student and they are not involving any occupation.

  Monthly income:

 

Monthly income

Frequency

Percentages

15,0000- 25,000

3

10

25,000-50,000

20

66.66

50,000 +

7

23.33

Total

30

100%

 

Here, 66.66% People ware between 25,000-50,000 Taka per month.

 

  • Information of Bashundhara residential area:

 

  1. Sq feet of flat :

Sq feet of flat

Frequency

Percentages

950-1100

5

25%

1100-1250

12

60%

1250-1400

3

15%

Total

20

100%

 

 

 

Here, 25% families are living between 950-1100 Sq feet flat and 60% families are living between 1100-1200 Sq feet.

 

  1. Source of taking loan:

 

Place

Frequency

Percentages

Gov’t Bank

8

40%

Private Bank

12

60%

Others

00

00

Total

20

100%

 

 

Here, 40% families are taking loan from Gov’t Bank.

 

 

  1. Yes No