Eastern Housing Limited (EHL) is a
public limited company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company ...
in
Bangladesh
Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...
working in
real estate development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parcels ...
.
The registered office of the company is situated in Bangladesh. EHL is one of the 29 members of the
REHAB
Rehabilitation or Rehab may refer to:
Health
* Rehabilitation (neuropsychology), therapy to regain or improve neurocognitive function that has been lost or diminished
* Rehabilitation (wildlife), treatment of injured wildlife so they can be retur ...
Association, the central body for private sector developers in Bangladesh.
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
Environment most often refers to:
__NOTOC__
* Natural environment, all living and non-living things occurring naturally
* Biophysical environment, the physical and biological factors along with their chemical interactions that affect an organism or ...
in
Dhaka
Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city ...
, the capital of Bangladesh, along with other major developers.
Background
EHL is a concern of Islam Group (A Jahurul Islam companies)
ig.com.bd. It was formed in late 1965
[ under the Chairmanship of Mr. ]Jahurul Islam (entrepreneur)
Jahurul Islam (1 August 192819 October 1995) was a Bangladeshi entrepreneur. He was the founder-chairman of the ''Islam Group''.
Early life
Islam was born on 1 August 1928 in Bhagalpur village of Bajitpur thana under Kishoreganj District, East ...
to reduce the housing problems of Dhaka city. It started its work by successfully implementing a project of building 700 houses in Pallabi Thana
Pallabi ( bn, পল্লবি) is a ''thana'' of Dhaka District in the Division of Dhaka, Bangladesh. Pallabi Thana total area is , located in between 23°48' and 23°52' north latitudes and in between 90°20' and 90°23' east longitudes.
It ...
, Dhaka,[National Institute of
Public Administration; Problems of Municipal Administration; page 271; Municipal government of East Pakistan; 1968] and acquiring of land. It was one of the first to provide low-cost housing to the residents of Bangladesh (then East Pakistan
East Pakistan was a Pakistani province established in 1955 by the One Unit Scheme, One Unit Policy, renaming the province as such from East Bengal, which, in modern times, is split between India and Bangladesh. Its land borders were with India ...
).[
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. It regularly takes part in REHAB real estate fairs, both at home and abroad, and experiences sell-out performances.]monsoon
A monsoon () is traditionally a seasonal reversing wind accompanied by corresponding changes in precipitation but is now used to describe seasonal changes in atmospheric circulation and precipitation associated with annual latitudinal oscil ...
.
Market share
Based on the information provided on company website, up to 2008, Eastern Housing Ltd. has sold over 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.
Financial performance
As of January 1, 2008 the total market capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders.
Market capitalization is equal to the market price per common share multiplied by t ...
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 and 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
Earnings per share (EPS) is the monetary value of earnings per outstanding share of common stock for a company. It is a key measure of corporate profitability and is commonly used to price stocks.
In the United States, the Financial Accounting ...
. A consistently profitable venture, Eastern Housing paid 10% dividend to stockholders in 2003, and a 15% in 2007.
See also
* List of real estate companies of Bangladesh
This is a list of notable real estate companies of Bangladesh.
B
* Bashundhara Group
* Building Technology & Ideas Ltd.
C
* Concord Real Estate Ltd.
Credence Housing Limited* Concord Group E
* Eastern Housing Limited
* Estate manage ...
References
{{reflist
External links
Eastern Housing Limited official website
Real estate companies of Bangladesh