In an interesting projection, REHAB stated that the demand for residential flats will increase to nearly 125,000 units by 2017. Additionally, they showed how drastically the number of unsold flats decreased in recent years. As Bangladesh is heading towards a developing economy, people are now more willing to own apartments in Dhaka with their improved purchasing power. Side by side, the increase in demand also creates an impact on apartment prices. A number of factors control the price of a property and location is one of the vital ones. So, what do new home buyers have their eyes on? Which areas seem more suitable for a modern lifestyle? Let’s take a look at the top 5 trending residential areas in Dhaka right now!
Uttara – A City Within A City!
It is evident that people now seek apartments in Dhaka in relatively quieter places, away from city chaos. If the desired location offers apartments in an affordable price range, then nothing else can be a more perfect than this combination. Uttara is just that neighborhood, offering the best value for money in a serene location. Almost everything you need for a contemporary lifestyle is available here. From reputed educational institutions to offices, hangout places to popular restaurants, grocery shops to shopping malls, everything is within a comfortable distance.
The only drawback of this part of the town is the distance from current city hubs like Motijheel or Gulshan. Yet, people are interested in purchasing apartments in Uttara because the area itself is developing and it is developing fast. Within a few years, Dhaka city will expand even further and Uttara will become one of the focus points. That is why for people with long-term settlement plans, Uttara is a prime choice.
Bashundhra R/A – A Neighbourhood Away From Chaos
Just like Uttara, another growing part of the town is Bashundhara R/A. With a touch of class, Bashundhara attracts people with deeper pockets. Also, being a gated community, this area offers much better services including its own security and traffic guards.
One of the main reasons why people prefer living in Bashundhara is the amenities available here. Bangladesh’s largest shopping complex is just beside the entrance. Plus, a world-famous medical facility, Apollo Hospital, is also inside the neighborhood. Popular eateries, super shops like Mehedi Mart and reputed educational facilities are also within reach of the residents, making it a wonderful place to settle down in.
Banani – Residential Meets Commercial Area
Studies indicate that people are now more willing to move near their workplace just to avoid horrendous Dhaka traffic. As Bangladesh is experiencing growth in the working-class population segment, demand for popular rental locations like Banani is on the rise.
Once a complete residential neighborhood, Banani welcomed corporate offices in the locality. In recent years, the trend went upwards as many small offices and start-ups find Banani more affordable than commercial hubs like Gulshan. Therefore, apartments in Banani became a convenient alternative for people having offices in adjacent areas. Not just that, Banani is one of the finest neighborhoods in the city with an extensive set of amenities. Having Gulshan as a neighbor, Banani residents can reap the benefits of the popular diplomatic area too. Hence, Banani has a place among the top trending residential areas in Dhaka city.
Baridhara -The True Essence of A Residential Community
For those who prefer a secluded neighborhood as their home, Baridhara is just the perfect place. Although a large portion of Baridhara consists of the diplomatic zone, the eastern part is purely residential. Unlike most other localities, this area offers top-notch security, a serene environment, premier healthcare facilities and so on. Baridhara is also a short drive away from commercial zones like Gulshan and Banani. Having high-end amenities and close proximity to important areas, Baridhara attracts the top segments of society. If you are planning to get your hands on something exclusive like this, move fast.
Banasree – The Prime Choice For Budget Living
The northern part of Gulshan is mostly comprised of relatively expensive areas. Banasree is a big relief for home buyers with more humble requirements. One of the main reasons why Banasree became one of the popular areas to live is the upgraded accessibility to the locality. After the completion of the Hatijheel project, traffic conditions improved a great extent in the area. Plus, the affordable housing supply with a good combination of everyday facilities increased demand for the locality. As a neighborhood, Banasree is a delightful place to build a nest for you and your family.
What is your opinion on the trending residential areas in Dhaka? Do let us know in the comments section below which of popular residential areas you would prefer as your home and why.