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Factors Influencing Consumers Towards Flats and Lands

In: Business and Management

Submitted By sbsadique70
Words 2099
Pages 9
A study on Purchase Intentions Towards Flat and Land Properties –
Influential Indicators and Measurement

Statement of problem
Now a days the total population of the world passes the 7 billion mark. The growth rate is also significant. The world's current (overall as well as natural) growth rate is about 1.14%, representing a doubling time of 61 years. If the growth rate goes on till 2067, it is expected that the world's population will reach 13 billion (worldbank.org).
Many Asian and African countries have high growth rates. For the period 1970 to 1990, the average annual growth rate of urban population was 6.5 per cent for Bangladesh, 3.4 per cent for India and 4.2 per cent for both Pakistan and Sri Lanka (Hugo, 1992). Currently the population growth rate in Bangladesh and Pakistan is 1.6%, in India and Sri Lanka it is 1.3% and 0.9% respectively (worldstat.info).

The rate of urbanization is estimated to be 5-6% annually for Bangladesh (REHAB, 2004). About 25% of the people of Bangladesh is now living in urban areas and 34% will be living by 2015 (REHAB, 2004) and 50% by 2025 (Singha D., 2001). Among the Asian countries Bangladesh is the fourth largest with the population of 142 million (BBS 2011), but in terms of the density of population Bangladesh ranked fifth where 1101 people live in a square kilometer.
Increased population growth generally represents problems for a country – because of increased need for food, cloths, accommodation, infrastructure, and services. Being a least developed country like Bangladesh, it is hardly possible to deal with the complex problems of allocating scarce resources among the competing needs. More so, the problem is very much accelerated by the migrating population approaching the large cities for job and vocation.

Thus, the incremental population create a permanent accommodation problem as to share very limited...

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