RERA in Bangladesh: New Protection for Flat Buyers

The Bangladesh government has enacted the Real Estate Development and Regulation Act (REDA), inspired by India's successful RERA legislation. Under this law, all developers must register with the government and transparently disclose project timelines, pricing, and amenity details. Buyers now have legal recourse if developers fail to deliver on time or breach contract terms. The law mandates that 70% of project funds be held in a separate escrow account, ensuring construction progresses as promised. This is a game-changer for the industry, especially in emerging markets like Chandpur where buyer confidence has historically been a concern. Surokkha Properties complies with all provisions of this law and provides complete transparency to our buyers. We maintain separate escrow accounts for every project and publish regular construction progress updates.