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Reading Time: 4 minutes At the end of every Fiscal Year (FY), when a budget is proposed, a lot of things change. It sheds light on the economic aspects of a country. In other words, it sets the mood of a country’s economic growth with a target to meet before the next fiscal year. Plenty of development initiatives are taken to meet the necessary demands and new rules & regulations are introduced along with it. These changes, in turn, affect the economy by affecting different industries differently. In that regard, the FY of 19-20 was great for real estate with a lot of changes taking place. Many excellent initiatives were taken to make things easier for consumers and developers such as reduction of home loan interest rates, property taxes, and so on. Here are the real estate changes in FY 19-20. Home loans and Interest rate Two of the biggest real estate changes in…

Reading Time: 4 minutes There’s always that one person in our lives that has a huge impact on our upbringing, and helped us become the person that we are today. And to many of us, that person is our father. He is a parent, friend, teacher, and guidance counselor – all in one. A father is a child’s first role model. He is a hero that you can look up to. With Father’s Day 2020 coming up on the 21st of June, we wish to commemorate all the fathers across the world. This is why in today’s article, in the spirit of Father’s Day 2020, we will be telling the story of fatherhood; of how men become heroes.  A Child Is Born This is one of the most significant events in anyone’s life. One single event changes everything. The once carefree young man suddenly is transformed into a father. Yes, you signed up for…

Reading Time: 4 minutes Buying property doesn’t just involve the cost of the asset, there are also legal fees and other hidden fees that should not be overlooked. Making an estimate of all these can help you fix your required loan and budget. These fees are basically based on the upfront payment and the mortgage fees that roll from home loan schemes. It is, therefore, an important task to keep an update of all the fees involved in buying a property. Down Payment A down payment is the first payment you make while buying a home. It is probably the biggest amount you need to deposit on closing the deal. All the homebuyers will need to make a down payment before buying. To figure out more about your necessary loan amounts, EMI and registration cost, follow our loan calculator link. Origination or Application Fee The banks charge these fees when you are registering or…

Reading Time: 3 minutes Eid holidays, Puja holidays, national holidays; every year we have many vacations to enjoy. But when it comes to excitement, nothing tops the thrill of summer vacation. Summer vacation was a sigh of pure bliss during our childhood. In this time of the year, mango and jackfruit become abundant and summer vacation becomes “The vacation of fruits”. We become reminiscent of the summer vacation memories of our childhood just like the representations from the poem “Mamar Bari” as those come face to face with reality. আম-কাঁঠালের বনের ধারে মামা-বাড়ির ঘর, আকাশ হতে জোছনা-কুসুম ঝরে মাথার ‘পর। ঝড়ের দিনে মামার দেশে আম কুড়াতে সুখ পাকা জামের শাখায় উঠি রঙিন করি মুখ। Today we will find and talk about the stories from the past and the present of our summer vacation memories. Summer vacation memories In The 90s Back in the day, the warrant for the summer vacations would usually issue with…

Reading Time: 4 minutes Building Codes are rules meant to stipulate the minimum standards that must be followed when a building is being constructed. They must follow these codes to gain permission for planning and construction from the authorities. The main purpose of a building code is to secure the health, safety, and overall well-being of its occupants by ensuring proper standards in the construction and design of buildings. Most countries and territories have their own building codes set to the general needs of the stakeholders of their relevant territories. And Bangladesh is no exception. Today, we will be discussing the Bangladesh National Building Code (BNBC) in detail. What is the Bangladesh National Building Code (BNBC)? The Bangladesh National Building Code (BNBC) was first published in 1993 to regulate the construction of buildings and maintain and uphold them to certain standards. Before the code, the only laws pertaining to construction was the Building Construction…

Reading Time: 4 minutes The year 2020 has brought so many changes in our lives. We have stayed at home to keep our loved ones and ourselves safe. We have learned so many things about ourselves and we are still learning. We realized, there is not much that you need to live comfortably and happily if we have our loved ones next to us. We celebrated Pôhela Boishakh and Ramadan from home, and work from home was also quite a success. Now as the holy month of Ramadan has come to an end, it’s time to prepare for an exceptional EID celebration from home as well. There is a lot that you can do to prepare for the end of Ramadan and celebrate EID exceptionally with your family. Help The Helpless This EID can be the most exceptional EID of your life if you want. As we are not going out and buying anything…

Reading Time: 3 minutes The International Day of Families is observed every year since 1994 on May 15. The day is to celebrate the bond between your family members and to cherish the memories you have with them. People belonging to different families establish an intergenerational interaction to mark the importance of the day. International Day of Families is not only a day to engage with your family. It is also a day to perform social responsibilities, uniting as a collective whole. On this day, you can make your stay at home meaningful. The History and the Mandate 1993 was the year when the UN officially passed a mandate that showcased a resolution of the organization. This was to enhance and upgrade living standards and socio-economic progress of all families residing across the globe. With such a view and notion, the United Nations declared the International Day of Families in 1994. From then, we…

Reading Time: 4 minutes Throughout history, as the world has experienced great events, it has also encountered horrible occurrences. Worldwide phenomena such as plagues, smallpox, cholera, and other infectious diseases have often devoured the entire world and wiped out millions. Recently, the world has been struck by yet another deadly disease named Covid-19 caused by a highly infectious virus named Corona. As there is no cure for this disease yet, the ways countries are trying to flatten the curve of the outbreak are wide-ranging. In Bangladesh, for example, the government has taken initiatives such as locking most parts of the country down, imposing social restrictions, and banning large gatherings to help prevent the spread. Although some African, Asian, European, and South American countries are responding to the outbreak in interesting ways, most countries are taking measures that are common and proven to be most effective. Traveling Restriction A restriction on traveling was one of…

Reading Time: 4 minutes As the coronavirus crisis continues, it may not be wrong to say that the world is probably heading towards a recession. The global economy is all set to take the hit from the calamity and according to the International Monetary Fund (IMF), this is the worst economic crisis since the Great Depression of the 1930s. Share markets in many countries are currently in freefall due to the crisis. The impact of the coronavirus catastrophe on the economy is visible. All the major business sectors including real estate are facing difficulties. Although the real estate sector is sturdier than other markets, the effect of coronavirus on real estate has slowed down the real estate and development sector of Bangladesh.  That is to say, the crisis has affected different parts of the real estate sector differently. Here is how the industry is dealing with the ongoing turmoil in Bangladesh. Property Purchase The…

Reading Time: 4 minutes The 90s decade is not just another period for many of us. It’s a place of emotion, a sentiment in and of itself. People who lived through this era went through the transition from writing letters to pour their hearts out to instantly getting on a video call to see their loved ones. They have experienced the taste of longing for their mail, hoping to get an answer, and also have felt the joy of missing someone and seeing them in a matter of seconds. Leagues of distance have seemingly disappeared. It suffices to say that in this world of globalization, we have lost many such experiences from our lives. So, this article is for those who want to take a quick jog down memory lane of the 90s. Childhood in the 90s: For those who grew up in the 90s decade, the children certainly had the most amazing time!…