Dhaka, Nov. 8 -- Flat prices in Dhaka are rising because land is scarce, not simply because construction materials cost more, says Mobarak Hossain, chairman of real estate company MH Group.

"From my experience, the reason behind rising flat prices in Dhaka is the shortage of land. Supply falls short of demand, pushing up land prices and, in turn, apartment prices. This is beyond anyone's control," he said.

Mobarak spoke to bdnews24.com's discussion programme "Chinwag with the Chiefs" about the current state of the country's housing sector, flat prices, construction quality, business challenges and his company's future plans.

Prices were also rising in other divisional cities, he said, but in Dhaka the supply shortage mattered more than...