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The governing acts and regulations of real estate in Bangladesh

The governing acts and regulations of real estate in Bangladesh

by Mujammel Haque Rimon -
Number of replies: 0

Real estate in Bangladesh is governed by several acts and regulations that aim to regulate property transactions, ownership rights, and development activities. Some key legislations include:

1. Registration Act, 1908: Governs the registration of various documents related to the transfer of immovable property.

2. Transfer of Property Act, 1882: Deals with the transfer of property by sale, mortgage, lease, gift, etc., and lays down the rights and liabilities of parties involved in such transactions.

3. Land Registration Rules, 2012: Provides guidelines and procedures for registering land and property transactions.

4. Building Construction Act, 1952: Regulates the construction of buildings and ensures compliance with safety standards and building codes.

5. Real Estate (Development and Management) Act, 2010: Regulates real estate development projects, including the registration of developers, contracts, and rights of buyers.

6. National Housing Policy, 2016: Outlines the government's strategies and priorities for housing development, urban planning, and land management.

These laws and regulations are enforced by various government agencies and authorities such as the Department of Land Records and Surveys, Ministry of Housing and Public Works, and local municipal authorities to ensure transparency, fairness, and accountability in real estate transactions and development projects.