Eastern Housing Limited (the “company”), was incorporated in 1964 as a Private Limited Company under the Companies Act, 1913. In 1993 the company was registered itself with RJSC & F as a Public Limited Company which is one of the largest Real Estate Company in the private sector. The company raised its capital by way of an overwhelmingly subscribed IPO of shares and debentures through a prospectus issued in July, 1994.
The company is the pioneer as well as the only Public Limited Company in the country in Real Estate Business under the private sector. Eastern Housing Limited is one of the earliest members of the REHAB Association, the central body for private sector developers in Bangladesh. It was formed under the leadership of Mr. Jahurul Islam to reduce the housing problems of Dhaka city. It started its work by successfully implementing a project of building 700 houses in Pallabi Thana, Dhaka, and acquiring 910 acres (3.68 km2) of land. It was one of the first to provide low-cost housing to the residents of Bangladesh (then East Pakistan). Within a short span of time it turned out to be one of the most trusted company in the housing sector.
The company started operations by developing real estate mostly within Dhaka, the capital of the country and subsequently it has started to build shopping malls and apartment outside the capital. It regularly takes part in REHAB real estate fairs, both at home and abroad, and experiences sell-out performances.