In Bangladesh, the real estate sector is governed by several Acts, regulations, and government bodies. Some of the key Acts and regulations related to real estate in Bangladesh include:
Real Estate Development and Management Act (REDMA) 2010: This Act regulates real estate development and management practices in Bangladesh. It aims to protect the interests of buyers and investors in the real estate sector and ensure transparency and accountability in real estate transactions.
Building Construction Act: This Act sets out regulations and standards for building construction, including requirements for building permits, structural safety, environmental considerations, and building codes.
Building Construction Rules: These rules provide detailed guidelines and procedures for obtaining building permits, construction standards, zoning regulations, and other aspects of building construction and development.
Land Acquisition Act: The Land Acquisition Act governs the process of acquiring land for public purposes or development projects. It outlines procedures for land acquisition, compensation for landowners, and dispute resolution mechanisms.
Registration Act: The Registration Act regulates the registration of real estate transactions, including sale deeds, leases, mortgages, and other property-related documents. It aims to provide legal recognition and protection of property rights.
Taxation Laws: Various taxation laws, including the Income Tax Ordinance, Value Added Tax (VAT) Act, and Stamp Duty Act, govern taxation related to real estate transactions, property ownership, and property development projects.
Environmental Laws: Environmental laws and regulations, including the Environmental Conservation Act and the Environment Court Act, impose requirements for environmental impact assessments, pollution control measures, and compliance with environmental standards in real estate development projects.
Local Government Laws: Local government laws and regulations, including municipal laws and building by-laws, govern local planning, zoning, land use regulations, and development control in different regions of Bangladesh.
Regulatory Bodies: Several government bodies oversee and regulate the real estate sector in Bangladesh, including the Department of Housing and Building Research, Rajuk (Capital Development Authority), and the Real Estate Regulatory Authority (RERA).