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February 2018

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Reading Time: 3 minutes Housing trends in Dhaka have changed over the last couple of years. Not only because hardly there are any open spaces left in Dhaka for new apartment construction, but maybe now people have a different taste in living and lifestyle. Both are true, but there are other factors as well. Apartment seekers like you now look for information online regarding everything. Before they take a decision, they do the price comparison of different apartments of different parts of the city. Therefore, now they know where to find the best value for money, and they also know what is the right time for investment. Like this, there are several reasons why a buyer picks the perfect neighborhood for themselves. Unlike other areas, Uttara is the fastest developing posh residential area in Dhaka and Bangladesh as well. Let’s find out why. Affordable Apartments considering Size And Amenities On an average, per sq.ft.…

Reading Time: 3 minutes If you live in a rental flat in Dhaka, you fall under the 80% of the city dwellers. This scenario is not just common in the capital. In other major cities, hardly people live in their own apartments/houses as cost of living is really high in Bangladesh. Although being a significant portion of the population, landlords always have leverage over their tenants. In most cases, they are harassed or forced to pay the increased rent without saying a word. Sometimes, they demand advance rent payments of 3 or 4 months. At worst, tenants are evicted without any prior notice. Though it may seem that there are no tenancy laws in Bangladesh or regulatory authority to protect tenants from such situations actually, there is one. Premises Rent Control Act, 1991. As per the law, the following things you must know as a tenant so that in future if ever occurred, you…

Reading Time: 4 minutes Dhaka has around 400 years history of occupancy. From then till now, many things have changed. Dhaka is now one of the megacities in the world with a population of 14.4 million. As the population is growing continually, the influx of people in Dhaka is also on the rise. Moreover, the economy is booming and so the living standard. Therefore, demand for standard housing is also increasing simultaneously. However, Dhaka is a congested city. Houses and apartments are cramming in most residential areas in Dhaka. The current supply of housing is not enough to satisfy the demand. Moreover, the present interest rate in Bangladesh is almost marginal. If adjusted with the ongoing inflation rate of 5.68%, a bank deposit is not a good option. That’s why the extra money from the higher disposable income is used for buying flats in different areas of the city. Since most of the neighborhoods…

Reading Time: 3 minutes Real Estate market in Bangladesh is a promising sector and is growing over the years. There has been a significant recovery in this industry after the sharp downfall due to economic and political instability. Since the market is developing, this is the right time to invest in a property. Like you, there will be more stakeholders in the market. So, more the involvement in the market, the more you should know about your investment. Therefore, regardless you are a property buyer, seller landlord or a property developer, you should know about the important real estate laws in Bangladesh. As per the Real Estate Development and Management Act 2010, we are highlighting the critical areas for your convenience. For Real Estate Developers in Bangladesh Out of the all the parties in the market, a real estate developer has to deal with the act the most. Rules and regulations are much rigorous…