Current Trend of Income and its Impact on Affordability of Multi-Ownership Housing at Moghbazar, Dhaka

Abstract

Providing housing for Dhaka City dwellers is very significant for ensuring sustainable urban development as it is one of the largest growing megacities in the world. The high growth of population in Dhaka city is creating extra pressure on land and making an adverse impact on housing price and dynamic changes in residential areas. Housing provision mainly depends on the private sector due to govt provide only a smaller proportion of total housing demand. In the private sector, real estate developers are contributed a notable amount of housing stock in which most of them are multistoried apartments which called multi ownership housing, a common dwelling structure at Dhaka. An attempt has made in this study to analyze the current trend of income and its impact on housing affordability of multiownership housing in Dhaka city by reviewing the literature with surveying six multistoried apartments at Moghbazar, Dhaka. Finally, this study makes a conclusion with general perception of the current trend of income regarding the affordability of housing.