Dhaka, April 2 -- The securities regulator considers some amendments to the recently approved REIT rules to pave the way for investments on development projects in "satellite cities".

The rules were formulated, keeping in mind that funds will go in rental projects but now the Bangladesh Securities and Exchange Commission (BSEC) thinks REIT funds should have scope to facilitate development in small metropolis surrounding the city corporations.

Due to the high land prices, flats are highly expensive in cities, built by realtors, and are beyond the affordability of a majority of the people living there, said Md. Lutful Kabir, a BSEC additional director.

People with limited income will be able to purchase flats in satellite cities and avai...