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August 2018

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Reading Time: 5 minutes Dhaka is full of amazing properties for sale in convenient locations with amazing features. And there is no place better to find them than Bproperty, the largest real estate marketplace in Bangladesh. Today, in this edition of Properties of the Month, we bring to you five of the best apartments for sale that we added to our ever-growing database in August. You are sure to be smitten with the mesmerising charm, glamour and quality of these flats. So if you are looking to buy real estate anytime soon, check out these top properties for sale we have for you. Gorgeous Apartment in Banani We begin our list of the top properties for sale with a gorgeous 2,235 sq. ft. flat in Banani. Located on road 2/1, this apartment is nothing short of luxurious. From the moment you step foot in the lobby you know there is something special about the…

Reading Time: 4 minutes Considering the current market scenario, investing in an apartment can turn out to be relatively profitable due to the high growth rate of real estate in Bangladesh. However, before you invest, securing suitable and low-cost financing becomes quite significant too. In our country, most people plan to purchase an apartment in Dhaka using personal savings first before turning to other financial sources, e.g. banks or Non-Bank Financial Institutions (NBFI). However, these financial institutions also offer market standard facilities for a house loan in Bangladesh. Are you planning to get a home loan any time soon? Have you researched the desired lenders and required loan amount yet? Here is an essential guide containing the factors to consider before acquiring a house loan in Bangladesh. Interest Rates Sure we all know about the interest rate. It is the first thing to pop into your mind because interest rate is the primary cost…

Reading Time: 5 minutes For most, buying real estate is one of the biggest decisions in their lives. The amount of time, money and effort needed to buy property prevents you from making snap decisions. This is a good thing in the grand scheme of things. Pacing yourself not only helps you protect your investment but also ensures better choices. However, this also means that most people go through similar stages when they are contemplating buying real estate. Today we’ll look at five such stages of buying property that everyone goes through. 1st Stage – Discovery The journey to buy property starts with discovery! In this investment stage, a buyer begins to look for real estate that might actively peak their curiosity. Often, this search seems casual in nature until the buyer finds something noteworthy. This particular stage can last for months, during which buyers go through numerous properties for sale either online or using…

Reading Time: 6 minutes Dhaka City has been standing for nearly 400 years now. During this period, the capital of Bangladesh went through many changes and much development which has created the city we see today. Due to geographical and other strategic advantages, Dhaka became the chief commercial emporium, leading the construction of many buildings of various purposes across the city. With time and growing reputation, some of the architecture has become more popular than others. Similarly, many newly constructed buildings have become famous as well for their unique characteristics. Today, a combination of both newly emerged and vintage constructions make up the most iconic buildings of Dhaka. National Parliament House After the national monuments of Bangladesh, Jatiya Sangsad Bhaban (National Parliament House) is one of the most iconic buildings of Dhaka and also the world. It the largest legislative complex built to this date comprising an area of nearly 200 acres.  Robert McCarter,…

Reading Time: 5 minutes Let’s get right into it; what is green building? There are numerous aspects to a green property, but what does it actually mean to anyone? Constructing green means building in a manner that is environmentally-friendly; both in terms of materials used during construction and power consumption after. It is about how the design and construction is carried out, how it functions and how it affects its surroundings. But how is this important for you? Aren’t solar panels incredibly expensive? Does any of this benefit you in any way? Today we’ll go through what is considered green building, the benefits you gain from being environmentally friendly and the cost of it. Solar Energy Let’s begin with something everyone is, by now, familiar with; solar power. Is it as simple as putting on a few solar panels on the roof and calling it a day? Of course it isn’t. It requires planning…

Reading Time: 5 minutes Everything is an investment when it comes to buying property in Bangladesh regardless of it being for commercial or real estate purposes. As a buyer, you invest your time, effort and money to find the perfect property. It is a long-term investment that impacts your future decisions. Sadly, real estate scams in Bangladesh are not unheard of; threatening the integrity of a successful acquisition of property. The last thing you want is to encounter a real estate scammer. Because of that, it is imperative to know how you can protect yourself from such deception; the goal, after all, is to make a safe investment. Today we’ll take a look at some measures that you can take to help identify potential real estate scams. Do Background Checks on the Parties Before you start dealing with someone about buying property, you first need to find out who they actually are. It is…

Reading Time: 2 minutes When exactly is the right time to look for property? Though the property market in Bangladesh is active all year round, the holidays could potentially serve as the prime time to search. With Eid-ul-Adha just around the corner, let us see why this time frame could perhaps be the best time for a property hunt. Holidays like Eid-ul-Adha mean more than just observing the respective religion. It is a time of familial gatherings; in culturally conservative Bangladesh, this gathering is held to the highest of regards. A get-together during this period can be beneficial for family members looking to invest in the property market. You can take this time to have a discussion regarding the current state of the real estate market, share information on apartment/house preferences including the advantages and disadvantages of property investments. Also, keeping in mind that you have some time off of work for the Eid-ul-Adha…

Reading Time: 4 minutes Dhaka, one of the fastest growing megacities in the world, is home to nearly 20 million people. The city is tightly packed with apartment buildings, yet is still struggling to meet the ever-rising demand for adequate housing. A recent study reveals that by 2035, demand for accomodation in the capital could increase to nearly 700 hundred thousand. Although the real estate market is growing remarkably, Dhaka still falls short on housing supply both by the public and private sector. According to a report published by BRAC Institute of Governance and Development (BIGD), only 32% of people live in owner-occupied residences while the remaining 68% reside in rentals. Surprisingly, the statistics have remained unchanged from the mid-1990s. Meaning, even after robust development and progress in Bangladesh’s economy over this period, most people in Dhaka still prefer living in rental apartments and demand is further on the rise. So, why do Dhaka…

Reading Time: 2 minutes When home is not within arm’s reach, the next best thing one can hope for is a budget accommodation which will turn into one. To the outside world, hostel living is a short term solution to a traveller’s woes when cutting costs. But in Bangladesh, hostel living is more than just a budget accommodation.  It is a way of life. In Bangladesh, hostel living is a good option when one considers a second home. With the ever growing population in Bangladesh and Dhaka city becoming more and more crowded every day, the need for quality affordable accommodations is gradually becoming vital. Of the inflow of numbers pouring into the mega city, a large part is made up of students. Students in Dhaka city are increasing day by day, coming in from surrounding and far off districts to avail better educational facilities. Despite the numerous hostels, not all of them are…

Reading Time: 2 minutes As the people of Bangladesh slowly gather to gear up for holy Eid-ul-Adha, the priceless question on everyone’s mind has already begun to form; where to get the cattle? Qurbani haats (Cattle Markets) during Eid-ul-Adha are set up in almost every location around Dhaka City. This year however, following new regulations, a total of 22 Qurbani haats has been positioned in designated areas set by the government administration. Due to this new regulation, prices are expected to be moderately high in those designated cattle markets. However, those who are looking for quality cattle within a good budget are just in luck. The following locations are in very close proximity to Dhaka city, where domestic cattle ranged BDT.40,000 to BDT. 50,000 can be availed, sometimes even as low as BDT. 35,000. Gabtoli: The one permanent Qurbani Haat in Dhaka city has been standing strong over the decades. From local cattle to…