ltd industry housing founded islam group 1965 headquarters motijheel dhaka bangladesh website eastern housing eastern housing limited ehl is a public limited company 1 in bangladesh working in real estate development . 2 the registered office of the company is situated in bangladesh . eastern housing limited is one of the 29 members of the rehab association the central body for private sector developers in bangladesh . 3 eastern housing limited ehl was established with the objectives of development of land for housing in the urban areas of dhaka . it is involved in construction engineering manufacturing and trading activities . it has been responsible for redefining the environment in dhaka the capital of bangladesh along with other major developers . 4 contents 1 objectives 2 background 3 market share 4 financial performance 5 references 6 external links objectives edit the objectives of the company are as follows to carry on business of builders engineers architects and constructors . to provide lands with buildings apartments houses flats or other accommodation . to sell mortgage give on lease land house sites and buildings . background edit eastern housing limited ehl is a concern of islam group of industries . it was formed in late 1965 5 under the chairmanship of mr. jahurul islam entrepreneur to reduce the housing problems of dhaka city . it started its work by successfully implementing a project of building 700 houses in pallabi thana dhaka 5 and acquiring 910 acres 3.7 km2 of land . 6 it was one of the first to provide low cost housing to the residents of bangladesh then east pakistan . 5 while the company started operations by developing real estate mostly within dhaka the capital of the country it has started to build outside the city . 7 it regularly takes part in rehab real estate fairs both at home and abroad and experiences sell out performances . 3 8 the slogan of eastern housing limited is apan thikana gore dey which translates to builds your own address . 9 engineer md akramuzzaman director of the company took part in the national dialogue on strengthening the role of private sector housing in bangladesh organized by centre for policy dialogue in november 2003 . 10 in january 2004 the company became a part of the government initiative to build housing for expatriate bangladeshis in gulshan thana dhaka . 11 in 2005 eastern housing became the highest tax payer among the 101 real estate developers listed with national board of revenue nbr . 12 on 16 october 2006 rajuk the dhaka city development authority sent notice about unauthorized construction to the ministry of housing which included projects of eastern housing . dr. asaduzzaman vice chairman of islam group ruled out the possibility of any dubious practices . 13 some of the real estate developed by eastern housing have has faced criticism . the eastern tower an 18 storied apartment block in new eskaton dhaka is criticized for not installing ample emergency escapes 14 while the south banshree project is criticized for getting waterlogged during the monsoon . 15 market share edit based on the information provided on company website up to 2008 eastern housing ltd. has sold over 620 acres 2.5 km2 of land to its customers in 24 different projects approximating some 13 000 plots . it has also successfully completed over 3 500 units of apartment and has built some modern shopping plazas and commercial complexes numbering approximating 1500 units . overall ehl has got more than 40 % market share in residential plot and apartment development business in bangladesh . 16 financial performance edit as of january 1 2008 the total market capitalization of the company is bdt 878 million . of this 48 % is held by sponsor company islam group of industries 33 % by general public 18 % by different financial institutions and 1 % by foreign investors . in 1994 the company listed with dhaka stock exchange where it is listed as a category a highest ranking company . between 2001 2007 the company has generated dividend yield of 8 % 13 % for its investors . the company held its last annual general meeting on december 18 2006 when it announced bdt 72 million net profit after tax which translates to bdt 11.54 of earnings per share . 17 a consistently profitable venture eastern housing paid 10 % dividend to stockholders in 2003 18 and a 15 % in 2007 . 19 references edit bangladesh stock market archived january 10 2008 at the wayback machine . datamonitor dead link a b rehab housing fair in new york next month the daily star 2004 07 17 koen steemers and simos yannas ; architecture city environment proceedings of plea 2000 july 2000 ; page 372 ; james & james 2000 ; isbn 1 902916 16 6 a b c national institute of public administration ; problems of municipal administration ; page 271 ; municipal government of east pakistan ; 1968 assembly proceedings ; official report ; page 281 east pakistan assembly 1968 flats beyond middle class reach as land gets pricey the daily star 2004 12 25 rehab fair ends with commitment to lower cost urban housing the daily star 2008 01 05 eastern housing report no. 64 strengthening the role of private sector housing in bangladesh flats for the expatriates the daily star 2004 01 25 nbr to audit 10 000 self assessed tax returns the daily star 2005 02 16 private housing development projects govt rushes to okay dubious deals as tenure ticks away archived january 1 2008 at the wayback machine . bangladesh news 2006 10 16 high rises living on the edge the daily star 2004 09 01 south banasree area waterlogged lacks civic amenities the daily star 2005 08 01 islam group of industries website archived april 3 2008 at the wayback machine. ; retrieved october 11 2007 company information page on dhaka stock exchange website ; retrieved on january 5 2008 . eastern housing declares 10pc cash dividend the daily star 2003 12 20 eastern housing okays 15pc cash dividend the daily star 2008 01 05 external links edit eastern housing limited official website eastern housing limited on dhaka stock exchange retrieved from https en.wikipedia.org w index.php title eastern housing limited & oldid 726599285 categories real estate companies of bangladeshhidden categories articles with wayback machine linksall articles with dead external linksarticles with dead external links from june 2016 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 23 june 2016 at 05 04 . text is available under the creative commons attribution sharealike license ; 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