Bangladesh Economic Zones Authority (BEZA) is planning to develop low-cost housing within the National Special Economic Zone (NSEZ)—the country’s largest industrial zone covering 33,805 acres across Sitakunda, Mirsarai, and Sonagazi—to address the growing housing shortage for workers.
To support the initiative, BEZA is considering allocating land to investors and creating a Tk 1,000 crore loan fund with 5% interest loans for those already owning land in the zone. The project, still in its early stages, is awaiting approval and further discussions with the Bangladesh Bank.
The housing crisis, driven by rapid industrial expansion and poor transportation links, has led to the rise of unregulated housing near factory areas. Investors warn that the lack of formal accommodations is delaying operations.
BEZA’s master plan includes designated residential zones, particularly in Feni, though land acquisition is still pending. The issue was highlighted during recent meetings with stakeholders and discussed at BEZA’s 8th governing board meeting, which recommended faster land acquisition, involvement of commercial banks, and the establishment of a local branch of the House Building Finance Corporation.
NSEZ has already drawn investment proposals worth $19 billion, with 155 investors active and potential for 500 industrial units.
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