Reading Time: 4 minutes The concept of condominium flats is relatively new in Bangladesh. Usually, if you come across a vast gated-residential community with multiple buildings and indoor facilities, you can define it as a condo. Since the real estate industry is growing rapidly in Bangladesh, demand for modern apartments is expanding along, creating a new market for next-generation home buyers. A significant portion of the new buyers looks for flats in Dhaka with unique facilities at an affordable price. This is where condo apartments create a bridge between needs and desired price range. If you’re thinking about availing the facilities in the apartments at a great deal, take a look at some of the most sought-after amenities in condominium flats in Dhaka. Ample Open Space One of the fundamental characteristics that separate a condo from a regular apartment is the presence of vast common space in the complex. A group of tightly packed…
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: 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: 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: 5 minutes Eid is a time of year when you become swamped with thousands of tasks. Be it family shopping, picking up groceries or even looking up scrumptious recipes online, everything has to be done perfectly. Amidst all the chaos, home decoration can sometimes be left for the last second. Well, Eid is a celebration when your home needs a fabulous makeover. Have you thought about how you would welcome your guests? What ambience would suit your food infused Eid-ul-Adha 2018 preparations? Or how to take care of the nooks and crannies of your house that remain ignored throughout the year? If you are yet to figure out home decoration ideas ahead of Eid, here are some easy makeover steps to prepare yourself in the grandest manner possible. Start With The Basics The living room and the dining room are to be your priorities for guests. Tidy up the place by putting things…
Reading Time: 4 minutes The Real Estate market in Bangladesh has evolved and introduced many positive changes over the years. Bangladesh government has imposed several rules on construction and safety. Developer companies now compete toe to toe to attract more clients and gain a higher market share. The current market we are familiar with does not resemble its past. However, a few real estate misconceptions still prevail among people. For hopeful buyers and investors, the property market opens a new prospect for business opportunities and growth. Nevertheless, misconceptions can lead to a fatal consequence. Thus everyone should be aware of the current market scenario. Listed below are some common myths about real estate and why these common misconceptions about properties in Bangladesh are wrong. Common Real Estate Misconceptions you need to know Location Is All That Matters A prime concern for most buyers and real estate developers has been the location of the property.…
Reading Time: 4 minutes How many times have you thought of purchasing an apartment in an opulent neighbourhood but backed out after seeing the price tag? Irrespective of how perfect the flat is as a residence, budget becomes a big issue, right? After all, purchasing an apartment is a huge investment and you want to take the right decision at the right time. Normally, apartment prices vary with size, amenities, developer brand and other facilities. But location becomes a major factor as well with posh areas tending to offer better apartments for sale than less expensive locales; which is why these areas tend to be more appealing to home buyers. Uttara, an emerging chic area of Dhaka city, is a prime choice for new home buyers. Being a top-tier neighbourhood, we expect the prices of apartments in Uttara to usually be on the higher end of the budget scale. However, we have put together…
Reading Time: 6 minutes Bproperty, being the largest online property portal in Bangladesh, has a vast number of property listings in the database. With hundreds being added each day, how do you determine which of them are the best apartments? If you are in the market to buy properties for you and your family but short on time, take a look at the following list of the properties for sale we’ve added to our database in the month of July. Open Apartment Near the Heart of Gulshan 2 Let’s begin with a beautiful 2,000 sq. ft. open apartment nearby Gulshan 2 circle. It is one of the most elegant properties for sale in the city right now. The spacious rooms, beautiful white tiles, double-glazed windows and modernised lights amplify the beauty and openness of this dazzling apartment. Additionally, the positioning of the apartment makes it a ‘must-have’ for anyone who is looking for a serene place to…
Reading Time: 4 minutes Before buying or selling any property, thousands of questions naturally pop into your mind. Concerns arise about the authenticity of the asset, quality, property management financials and even sometimes about the opposite party in the agreement. By default, real estate transactions are meant to be scrutinized until you have obtained enough information and developed the confidence to sign the deal. However, what if you didn’t have to bear with these hassles? What if you could immediately place your trust in any estate and make the transaction much easier? Bproperty, the number one real estate marketplace in Bangladesh, is offering this exact property management service. With more than 80,000 verified properties throughout the country, Bproperty is taking buyers and sellers one step ahead. So, how are properties managed by Bproperty different than others that you come across every day? Let’s find out. Verification of The Sellers Unlike every other item sold…
Reading Time: 4 minutes Surviving constant ebb and flow, real estate sector in Bangladesh made a notable comeback in the past couple of years. Simultaneously, major contributing factors like bank loan availability, political condition were also skewed positively towards the market growth. Investing in the country’s property market during this boom might turn out to be relatively profitable. However, a common dilemma can arise while coming to a decision; ‘Where to invest, apartment or land?’. Both of the assets have merits and demerits. If you are going through the same phase and trying to make up your mind, let’s look at a few pointers that will help you in taking a definitive stand. Purpose of The Investment Are you looking for a long-term settlement (residence) or a sharp profit gain? Both the apartment and land see price appreciation although profit growth slows down for flats after a certain period due to the quality deprecation.…