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Home/Economy/BLDA demands closure of all illegal housing projects, including four around Purbachal
BLDA demands closure of all illegal housing projects, including four around Purbachal
Economy

BLDA demands closure of all illegal housing projects, including four around Purbachal

By Desk Report
31 October 2026 2 min read
0

Photo: Collected

The Bangladesh Land Developers Association (BLDA) has called on the government to take effective steps to shut down all illegal housing projects, including four that have sprung up in and around Purbachal. The four projects are Well Care Housing, London Housing, Ascent Town and Ananda Housing.

In a statement signed by the association’s secretary AKM Nowsherul Alam, the BLDA said effective action against the housing projects that have been built in and around Purbachal without proper government approval and clearance from the relevant authorities is now the need of the hour.

According to the statement, buying and selling land, allotting plots, carrying out unplanned land development and running housing projects without approval are exposing ordinary buyers to financial and legal risk. This is hampering the government’s planned urbanisation, environmental protection and infrastructure development. At the same time, the image of legitimate and registered developers is being tarnished, and they are facing a crisis of confidence.

In this situation, the BLDA has strongly urged the ministries concerned, Rajuk and the administration to take the following steps:

1. Identify unapproved housing projects and take the necessary action in accordance with the law.

2. Conduct regular drives to stop the illegal sale and allotment of plots.

3. Protect the interests of ordinary buyers and ensure the safety of their investment.

4. Ensure a level playing field and a fair business environment for approved and law-abiding housing companies.

5. Strengthen coordinated monitoring by the authorities concerned to ensure planned urbanisation of Purbachal and its surrounding areas.

The BLDA believes that both the growth of a law-abiding housing sector and the control of illegal activities are extremely important for the country’s economic development and for protecting the public interest. The organisation also said it is ready to work in coordination with the government and extend full cooperation to build a planned, safe and lawful housing sector.

Background

A report in The Business Standard of 16 November 2021 said projects such as Probashi Palli Group Housing, Swarnali Housing and Purbachal American City at Naora in Rupganj, near the Purbachal New Town, were alleged to have been developed without approval from Rajuk and the Department of Environment.

By the numbers

According to the same report, there were about 1,500 illegal housing projects across the country in 2021, more than 400 of them in and around the capital.

Sources

Original report: Bangladesh Pratidin

Background sources: The Business Standard, 16 November 2021

Author

Desk Report

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Stock Market

Market Closed 31 October 2026, 9:42 PM
Source: Dhaka Stock Exchange and Chittagong Stock Exchange

Gold Price

BAJUS 30 October 2026, 7:48 PM
Type Market priceper Vori Old gold saleper Vori
22 Karat ৳2,23,074$1796.96 ৳1,85,151$1491.47
21 Karat ৳2,13,043$1716.15 ৳1,76,826$1424.41
18 Karat ৳1,82,950$1473.74 ৳1,51,849$1223.21
Traditional ৳1,49,474$1204.08 ৳1,24,063$999.38
Type Market priceper Gram Old gold saleper Gram
22 Karat ৳19,125$154.06 ৳15,874$127.87
21 Karat ৳18,265$147.13 ৳15,160$122.12
18 Karat ৳15,685$126.35 ৳13,019$104.87
Traditional ৳12,815$103.23 ৳10,636$85.68
Type Market priceper Ana Old gold saleper Ana
22 Karat ৳13,942$112.31 ৳11,572$93.22
21 Karat ৳13,315$107.26 ৳11,051$89.02
18 Karat ৳11,434$92.11 ৳9,490$76.45
Traditional ৳9,342$75.25 ৳7,754$62.46
Type Market priceper Rati Old gold saleper Rati
22 Karat ৳2,324$18.72 ৳1,929$15.54
21 Karat ৳2,219$17.87 ৳1,842$14.84
18 Karat ৳1,906$15.35 ৳1,582$12.74
Traditional ৳1,557$12.54 ৳1,292$10.41

Source: Bangladesh Jewellers Association (BAJUS), hallmarked gold. Old gold sale = market price less 17%. US$1 = ৳124.14.

Exchange Rate

Bangladesh Bank Effective: 29 October 2026
1 US dollar
৳123.99 ▲
Weighted average rate · Buying ৳123.99 · Selling ৳123.99
Currency Buying (৳) Selling (৳)
EUREuro 138.27 138.32 ▲
GBPBritish pound 165.22 165.27 ▲
AUDAustralian dollar 87.45 87.47 ▲
JPYJapanese yen 0.7855 0.7856 ▲
CADCanadian dollar 88.59 88.60 ▲
SEKSwedish krona 12.51 12.53 ▲
SGDSingapore dollar 96.76 96.77 ▲
CNHChinese yuan 18.61 18.61 ▲
INRIndian rupee 1.3017 1.3021 ▼
LKRSri Lankan rupee 2.6809 2.6825 ▲

Source: Bangladesh Bank, interbank rates in taka. On weekends and holidays the last working day's rates are shown.

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