Sahara India Pariwar signed an agreement with the Bangladesh government to design and develop a new city Notun Dhaka (New Dhaka) on 28 May 2012. Sahara Matribhumi Unnayan Corporation signed the MoU with the Ministry of Housing and Public Works (MoPW) of Bangladesh Government. Their main aim is to build affordable housing facilities for the group of low earning people. Along with it, they will also work on the housing finance support and design.
Therefore, this plan is for integrated satellite townships constituted by the ministry of housing & public works (MOHPW) of the Bangladesh government. In a meeting between Sahara India Pariwar and Bangladesh it was concluded that norms would be eased on home finance and some changes in tax rules were also suggested.
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