Md. Dayan Al Noor, Author at A blog about homes, trends, tips & life | Bproperty

Trends December 26, 2018

HOW FLYOVERS HAVE IMPACTED TRAFFIC CONDITIONS IN DHAKA CITY

Reading Time: 4 minutes Did you know the 1959 master plan for Dhaka city was prepared to support approximately 800,000 residents? After almost 60 years, nearly 20,000,000 people live in Dhaka city, which is 25 times more than the original capacity. No wonder the capital is always congested and roads are overflowing with traffic. Although there were several revisions of the plan and numerous initiatives taken to tackle the problem, the congestion still persists. One of such plans to reduce Dhaka traffic is the construction of flyovers at multiple critical points of the capital. Currently, we have 7 flyovers spread around the city and there are plans to include a couple of more in the coming years. All these projects are expensive and require millions of dollars from public funds. But what is the ultimate effects of flyovers on traffic condition of Dhaka city? Why Do We Need Flyovers? The underlying concept behind flyovers…

Trends December 21, 2018

5 REASONS WHY PEOPLE CONSIDER LAND A GREAT INVESTMENT

Reading Time: 4 minutes In the property market, there are mainly two types of assets, developed and undeveloped. While developed assets have multiple categories like residential, commercial and industrial, undeveloped assets generally include land. Among all these properties, a popular investment debate is between apartment vs land and which one is the better alternative. Both sides have strong reasoning behind their claim. However, as apartments in Bangladesh are more available and less expensive, most people would rather choose an apartment over a piece of land. But what are the reasons to invest in land? Let’s take a look. Land Never Depreciates Unlike any other asset in the world, land is the only property that does not depreciate over time. Moreover, the value of the property will increase and generate you a high Return on Investment (ROI). The core reason behind this characteristic is land is a scarce resource. With time, the number of people in…

Tips December 19, 2018

EVERGREEN REAL ESTATE TIPS APPLICABLE TO ANY MARKET

Reading Time: 4 minutes Real estate is one of the products that has a persistent demand across the world. It’s tangibility and durability provide a unique satisfaction in ownership unlike any other marketable item in the world. That is why a large number of people feel comfortable investing in the property market rather than on other high-return generating financial instruments. Not that alternative investment options are inferior to real estate but people are risk-averse by nature. Regardless of market type and condition, the core utility of the product remains the same, and so there are quite a few real estate tips applicable to other markets. Location Is A Prime Factor Among the factors determining property price, location holds a significant weight. That’s because location is an umbrella term. It comes with numerous area facilities and growth prospects that can directly impact your investment. For instance, Mirpur is a popular residential area in Dhaka because…

Tips December 14, 2018

10 IMPORTANT QUESTIONS TO ASK YOUR HOME LOAN FINANCIER

Reading Time: 5 minutes Home loans are by far the most popular mode for financing property investments across the globe. People go for home loans because it ensures a safe transaction between buyers and sellers. But, most importantly, home loans work as a great leverage for investments since it backs up a buyer’s credentials and protects your savings. On the other hand, buyers prefer home loans because bank mortgage holders are verified by the bank. Since the loan is a vital part of the transaction and involves a hefty sum of money you should clearly understand the financial commitment you are about to make. A good way to clear your confusions and queries regarding a loan is consulting with your financer. But what are the important things you should keep in mind and be sure of before taking a loan? We have prepared a set of questions to ask your mortgage lender What Is…

Trends December 12, 2018

SHOULD YOU RENT OR BUY AN APARTMENT IN DHAKA?

Reading Time: 4 minutes Probably one of the most arguable questions in a property market is whether to rent or buy an apartment. For some, renting a property provides the best benefits while others look for a permanent settlement and end up buying an apartment. Of course, the matter is subjective. But what are the underlying reasons that separate these two modes of living? There are quite a few unique characteristics but both renting and buying an apartment have pros and cons. And if you are about to make this decision, it is imperative to understand both of them so that you can align your requirements and make the right choice. To find out whether you should rent or buy an apartment in Dhaka, let’s go through the following. Affordability and Savings The primary question you should ask yourself is how much money do you have and whether it is enough to cover your…

Trends December 5, 2018

REASONS TO INVEST IN A COMMERCIAL PROPERTY IN DHAKA

Reading Time: 4 minutes They say the best way to prepare for tomorrow is by investing today. In our current market, there are a number of investment vehicles and one of the top return-generating options is real estate. Then again, real estate can come in different classes as well; for instance, land, apartments, condominiums, and commercial properties. There are numerous debates on which of these real estates would generate the most gain. Here, a common investment dilemma is apartments vs land, leaving the competition in commercial properties relatively low. But if you decide to be bold and invest in commercial property, these can be your benefits. Steady Cash-flow Over Time Once you get hold of a commercial property, you can either choose to rent it or lease. But in most cases, commercial tenants go for lease contracts as it provides long-term mutual benefits for them and landlords. Even if some companies rent the space,…

Tips December 2, 2018

LEGAL DOCUMENTS TO CHECK BEFORE PURCHASING A LAND

Reading Time: 4 minutes Investments in property are usually for the long term, be it for price gains or building a residence. Since it usually involves a huge sum of money, buyers tend to be sensitive and cautious about the transaction. Assessing legal documents is a part of the safety measures in order to avoid future hassles. In Bangladesh, land is a popular asset for investment and checking the legal documents for purchasing land is a relatively lengthy process to ensure protection against real estate scams in Bangladesh. Since this particular asset always appreciates over time and has no depreciation, it has gained massive popularity. Then again, as lands become more and more desirable, certain people take illegal steps such as land grabbing to gain possession of a property. To prevent this from happening with your property, make sure to check the following legal documents for purchasing land. Authenticity of the Deed One of the…

Trends November 30, 2018

MEASURES TO TAKE FOR PREVENTING ILLEGAL LAND GRABBING IN BANGLADESH

Reading Time: 4 minutes A common dillema in the real estate market is the investment decision in Apartment vs Land. Where an apartment is great for city life, lands are highly sought after investment options since they are the only assets with no depreciation but rather gain value over time. Since the total availability of land is limited, the price of land assets increases quickly over time. That is why land is a suitable investment for a handsome return. Then again, unless you invest in government bonds, every return will come bearing risks, and for land, illegal possession is a common threat in our country. So how can you prevent your asset from unwanted possessions? Let’s take a look at a couple of steps you can take for prevention of land grabbing, usually practiced in our country. Build A Boundary After you are done with all formalities of the transaction process and fully take possession…

Pulse November 28, 2018

PROPERTIES OF THE MONTH – NOVEMBER 2018

Reading Time: 5 minutes The property market in Bangladesh is thriving at the moment. Due to recent political stability and economic growth, the real estate sector in Bangladesh saw impeccable development. If you are planning to purchase a property anytime soon, then now might be the best time to start looking for a suitable investment. Because if the property market holds on to its current growth rate, the value of an apartment in Dhaka could certainly increase, giving you a high return on investment. Alternatively, if you are looking for a permanent stay, then purchasing a home in the future could certainly cost you more than it would in the present. That is why, in order to assist you in finding a suitable residence, we have highlighted some of the best apartments for sale in Dhaka. 2,120 Sq. Ft. Apartment at Uttara Sector 5 A highly demanded area for a residence in Uttara is…

Pulse November 25, 2018

APARTMENT PRICE UPDATES IN DHAKA – NOVEMBER 2018

Reading Time: 5 minutes Real estate in Bangladesh is thriving at the moment. With recent economic development, the property market in the country is performing exceedingly well. It might be just the right time to invest in an apartment. Among the various factors behind property price, location plays a major role. Because other facilities such as area accessibility, infrastructure, safety, and security depend on location the most. If you are planning to purchase apartments in Dhaka anytime soon, then it is imperative to get a highlight of the current market prices. Let’s take a look at how apartment price in Dhaka is performing in popular areas of the capital. Mirpur At present, Mirpur is one of the most affordable apartment locations in Dhaka city. The ongoing metro rail construction project is an indicator of development in the area. Once the project is completed, demand for accomodation is likely to increase and in turn, apartment…