Delta Brac Housing Finance Corporation Ltd. (DBH), the country's sole home loan specialist, has recently launched DBH Property Services (DBHPS) with the intent of providing professional and risk free service for individuals interested in selling or buying properties.
At present DBH PS is operating in Dhaka city only. Prospective buyers will also be eligible for home loans subject to DBH guidelines, said a press release.
Managing Director of DBH, Mr. Q M Shariful Ala said "Many buyers and sellers of property have been cheated by unscrupulous brokers who lack professional ethics. At DBHPS, buyers and sellers can rest assured that their interests are protected by a 'AAA' rated financial institution like DBH."
DBH, a leading financial institution with highly reputable of local and foreign investors including World Bank's private sector affiliate International Finance Corporation (IFC) has introduced DBHPS to give the service an institutional shape and make the entire process of buying and selling of property as easy as possible.
Mr. Shariful Ala said while such professional brokerage services are common in many developed economies, hitherto no such services were available Bangladesh.
He went on to mention "based on feedback from many clients, we realized that buyers and sellers of property preferred to deal with an institution like DBH, instead of individual brokers." And it only made sense that being the leader in real estate financing, DBH should step in to meet this need ", he said adding " We have launched the property services so that customers who deal with DBHPS will receive the best service, and are not cheated in buying and selling of their property".
DBH currently offers the widest range of home loan products including apartment/flat purchase, home construction, improvement of existing homes, as well as lucrative deposit schemes.
Its six branches and a sales center are located in Dhaka, Chittagong and Sylhet.
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