Success in my Habit

Monday, May 28, 2012

Sahara inks deal to build Notun Dhaka in Bangladesh

New Delhi: Sahara India Pariwar has signed an agreement with the Bangladesh government to design and develop a new city near Dhaka - Notun Dhaka (New Dhaka).

Sahara Matribhumi Unnayan Corporation has signed a memorandum of understanding with the Bangladesh government to build affordable housing for low income groups with housing finance support and also design- and plan-integrated satellite townships under the ministry of housing & public works (MOHPW) of the Bangladesh government.

Sahara India Pariwar managing worker and chairman Subrata Roy, who met Bangladesh PM Sheikh Hasina, has sought easing of norms on home finance and also suggested changes in tax rules.

In a statement, Sahara said the emphasis will be on development of infrastructure in the proposed townships. "The newly formed company 'Sahara Matribhumi Unnayan Corporation Ltd's plans are to build integrated and satellite townships which will be heavily intensive on infrastructure unlike regional real estate projects," Sahara said in a statement.

During his meetings with Bangladesh central bank governor Atiur Rahman and executive chairman of Board of Investments S A Samad, Roy suggested that a classification of a section be created midway between housing and infrastructure so that the taxation policy is relooked at in Bangladesh, the statement added.

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