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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…

We Bangladeshis love to eat, and there’s nothing better than having some delicious pithas. While restaurants in Banani and Dhanmondi might be quite popular throughout the year, it is the pitha festival or ‘utshob’ that is the king of Dhaka during winter. An obsession with pitha begins in the late autumn season in Dhaka which then becomes uncontainable during winter. You can find a huge variety of pithas during the season; each with unique tastes. And the best place in Dhaka to try out these goodies is at a pitha utshob. Lucky for everyone, there is a number of such utshobs that takes place across the city. Today we’ll be highlighting the best pitha utshobs in Dhaka so you can indulge in some tasty treats. Shilpakala Along with having one of the most popular art galleries in Bangladesh, Shilpakala hosts a pitha utshob on the premise. Each year, their adjoining…

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,…

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…

In today’s world, businesses move faster than ever and everyone has to strive to remain competitive in the market. A calculated strategy can take a business sky high if executed in the right manner. One of such strategies is the placement of the business. It plays a vital role in many aspects including positioning the brand. Hence, the top management spends a great deal of time figuring out their next move and aligning their plans. In Dhaka, Motijheel used to be the only commercial zone, but nowadays many modern businesses are choosing Gulshan as their office location. So what makes Gulshan the perfect commercial hub in Dhaka? Let’s find out. Modern Office Spaces Evidently, modern businesses have diverse needs while choosing an office space. It is not only limited to brick and mortar anymore. There are technological needs, parking requirements, security and monitoring and of course emergency concerns. Keeping these…

The private housing sector in Bangladesh started its journey in the 1970s. Over the last two decades, the real estate industry in Bangladesh has grown and demand has increased due to a high urbanization rate. Especially after 1990, an industrial boom sprang in the country. It initiated the need for industrial buildings, corporate offices, housing units, roads and other types of infrastructure. To supply the market’s needs and grab the business opportunity, several real estate development companies entered the industry. Delivering quality and gradually gaining trust, a handful of developers are now dominating the real estate sector across multiple segments. Let’s go through these segments of real estate developments in Bangladesh. Conventional Residential Apartments Studies indicate that Dhaka has an increasing urbanization rate of 3.25% per annum. Due to rapid rural to urban migration and high population growth, more people choose Dhaka as their destination for better opportunities. Since the…

Real estate and stock market are two vital parts of Bangladesh’s economy. Where real estate business only deals with properties, the stock market doesn’t have any particular products or services. Instead, it works as an intermediary and provides a platform to list companies for stock transactions. Real estate is one of the sectors listed in the exchange out of a total of 22 industries. Since both of them function as investment options, they can impact each other and benefit from one another as well. Let’s find out how real estate effects the stock market. Purpose of Investment Before getting into how real estate effects the stock market, let’s take a look at why companies and individuals go for stocks in the first place. Any share of a company in the market represents a right to equity of that particular organization. In exchange for the equity, the individuals or other entities…

Bangladesh is currently one of the fastest growing economies in the world. In a recent publication, HSBC mentioned our economy would continue to grow at approximately 7.1% till 2030, making Bangladesh the 26th largest economy in the world from the current 42nd position. Undoubtedly, there is massive room for development in Bangladesh, and the possibilities of that happening are quite high. A significant portion of this robust change will take place concentrating on infrastructure and the Bangladesh real estate sector, impacting the growth of ancillary industries simultaneously. Following the trend of the economy, drivers of the property market have been performing exceedingly well in recent years. On top of that, budget FY 18-19 was favorable to the real estate sector as well. Even though the market experienced a recession back in 2012, realtors are hopeful of recovery in the upcoming years. A significant part of the development is stimulating the growth of…

Property price is perhaps the most important determinant of your real estate investment decision. After considering all the requirements and benefits of an apartment, if the price is not within your range, you probably would not purchase it. However, an important question remains, how would you know if the right value of the property. Sadly, as of now, there is no particular parameter for property pricing in Bangladesh, and we rely on several different factors to determine the price of apartments. These may vary based on location, property type or even sometimes the seller. While many factors affecting the property prices, we have listed down some of the elements that have a direct impact on them. Therefore, you will be able to take a better decision before you buying property next time. Supply And Demand One of the basic yet compelling factors affecting the property prices is the current demand…

Dhaka has been developing at an unprecedented rate in the last two decades. Many new developmental projects and reforms were undertaken to foster the growth and development of Dhaka. And as the city expands eastward, more and more people are vying to buy real estate in East Dhaka. There has been a lot of development in East Dhaka in recent times. As a result, the price of apartments and real estate is rising quickly in the eastern part of the city. But the question remains; why? Why are people so eager to acquire properties in that part of Dhaka? Today, we’ll be answering that question and unraveling the mysteries of what makes buying real estate in East Dhaka so promising. Availability of Land Dhaka is well on its way to becoming the 6th largest megacity in the world by the year 2030. According to the Dhaka Structure plan by RAJUK,…