My Dream Home Has Become a Financial Burden 

I am Rasheduzzaman Rafiq, a private-sector employee. Like many working people, I dreamed of owning a flat where I could live with my family without worrying about paying rent every month.

But my dream has turned into a financial burden.

After August 5, 2024, the developer company stopped construction and left the project unfinished. Nearly two years later, I am still uncertain about when the work will resume and when I will be able to move into my flat.

The most difficult part is that my financial responsibilities have not stopped with the construction work. I have to pay the monthly instalments on my bank loan while also paying rent for the place where I currently live.

For someone working on a fixed salary, managing both expenses is a serious challenge. A large portion of my income goes towards loan repayments and rent, leaving less money for other household needs, including food, healthcare, education and daily expenses.

I took the loan to secure a home, but now I am paying for a property that I cannot use while continuing to pay for the place where I live. Every month brings the same financial pressure, with no clear end in sight.

The uncertainty has also made it difficult to plan for the future. I do not know when the developer will resume construction or when the flat will be handed over. Without a clear timeline, making financial decisions for my family has become increasingly difficult.

My situation reflects the problems that flat buyers can face when developers fail to complete projects as promised. Many people invest their lifetime savings or take bank loans to buy a home. When a project is abandoned, buyers may be left with debt, rent and uncertainty, even after paying a substantial amount of money.

I believe buyers deserve clear information about why construction has stopped and what steps will be taken to complete their projects. Developers should communicate with buyers and provide realistic plans rather than leaving them uncertain about their investments.

For buyers facing similar situations, keeping payment receipts, bank records, booking documents and communications with the developer is important. Depending on the agreement and applicable law, they may seek the handover of their flats, a refund or compensation through legal channels.

For me, the struggle continues. I am still paying my bank loan and house rent, while the flat I hoped would become my home remains unfinished.

I wanted to own a home to reduce my family's financial pressure. Instead, I have found myself paying for two places at once one where I live and another where I cannot.