REHAB – Real Estate and Housing Association of Bangladesh was formed on 12 December 1991 with the aim to promote the real estate development in the private sector in Bangladesh. REHAB is the only recognized organization for real estate developers in Bangladesh.
This is a fact that the real estate sector is the growth centre for the development of an economy. Bangladesh, one of the densely populated nations in the world, has immense need for housing and it is not possible for the government alone to ensure shelter for its people. Therefore, the role of the private sector developers has become crucial. Therefore, the private sector real estate developers have been trying to meet the national housing demand. This positive notion has been supported by REHAB, the association that aimed to solve the housing problems in Bangladesh, protect the interest of all the developers, and support the evolution of the real estate sector.
Urbanization is an outcome of both population growth and rural-urban migration. As urbanization increases, more and more people are becoming city dwellers. Bangladesh is not any exception to that picture. The ever-increasing urban population is catering an increasing demand for shelter. The right of shelter is a fundamental right, which is ensured by both UN declaration and the constitution of Bangladesh. But it is very difficult on the part of the government of Bangladesh alone to ensure housing for all. Here comes the need of private sector real estate development.
It is a recognized fact that the health of the Real Estate Development Sector is the barometer of the National economy. In Bangladesh Real Estate Business started in Dhaka in late seventies. During 1970s there were fewer than 5 companies engaged in this business. In 1988 there were 42 such developers working in Dhaka and now in 2015 there are about 1191 companies engaged in this business.