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Reading Time: 4 minutes The budget this year has brought forth many regulatory changes to have a good hold on the economy and maximize its growth. A number of initiatives have been taken to boost the economy by facilitating different sectors with various incentives and significant budget allocations. The real estate sector, on the other hand, is an exception. Although not in a terrible position right now, the real estate in the Fiscal Year of 2022-2023 could be in a vulnerable state due to both uncertainties in regulatory changes and certain regulatory changes. Here is what is new for real estate in the Fiscal Year of 2022-2023. Withdrawal of untaxed money investing in real estate? In FY 21, the government issued a bill in the parliament regarding the legalization of undisclosed money investing in real estate in an effort to save the sector from incurring losses. And soon after the green light from the…

Reading Time: 5 minutes In what seemed to be a never-ending saga of uncertainties for the global economy during the pandemic, Bangladesh’s real estate sector remained somewhat steady as opposed to some countries. With the enactment of the revised budget for FY 2020-2021, a couple of new regulations were put in place to save the real estate market from the impact of pandemic. And it worked. The real estate sector bounced back and the future was looking great at the beginning of 2021. But in the wake of an armed clash on Europe’s border, the situation has become very precarious once again with the world economy on the receiving end of a fatal blow. And this time the crisis could spell even more bad news for the real estate sector in Bangladesh. Here is what happened in the real estate market in Bangladesh in FY 2021-2022?  Raw material price In the wake of the…

Reading Time: 4 minutes If you are new to the real estate business, there is one particular thing you want to be fully aware of – Market Trends. More than anything else, you must have a proper idea of how the market works and how property value appreciates and depreciates. To that end, you can start with making a competitive analysis of the areas you want to invest your money in. But finding the right areas to invest in is not as simple. However, Bproperty can help you with that. We have access to a huge amount of data to conduct such analysis to find out the right areas with the best flat price for new investors. In the following, we will be discussing why we picked these areas for the new real estate investors to invest in and what makes them promising. Dakshin Khan There is hardly any area in Dhaka right now…

Reading Time: 4 minutes Not all areas of Dhaka are equally popular for settling down in. Different areas become popular for different reasons. Some areas may offer better value for money, some may offer better facilities than others, and some areas may interest buyers with their better future value appreciation prospects. Or sometimes it is the sentimental value that added to the popularity of a locality. That is why it is important to know what the area has to offer before making a decision. That way you will know exactly where you should look. That being said, here are some of the most popular areas to buy flats in Dhaka 2022 (according to Bproperty’s website traffic) and what made them so popular. Dhanmondi Visitors: 13.76% of total visitors Dhanmondi is one of the oldest neighborhoods of Dhaka and boasts every modern facility and amenity you need to lead a fulfilling city life. Close proximity…

Reading Time: 7 minutes When it comes to buying, selling, or investing in apartments, having in-depth knowledge of the current price trends for flats is crucial. These trends help investors, buyers, and sellers to know whether it is the correct time to buy or sell properties in Dhaka. Moreover, current flat price trends and their movement over the years show the overall direction of the real estate market. According to Bproperty data, in 2021, the average price per sft for a flat in Dhaka stood at 6,340 BDT, which was 2% less than the year 2020. In that time period, nearly 38 localities showed an upward price trend while 29 localities witnessed a downward trend out of 67 areas of Dhaka compared to 2020.  But, the scenario is changing for Dhaka in 2022. Based on the data as of April 2022, the average price per sft for a flat in Dhaka increased by 9%…

Reading Time: 3 minutes In order to buy, sell or hand over any property, one must undergo quite a few legal procedures. After purchasing a property, completing the execution of the Mutation Khatiyan is the most important legal procedure after the registration.  Because if not executed, there is a possibility to become ousted from the property due to loopholes in the law. Yet, to many people, the process of mutating a property is hard to understand.  However, that is gonna change today. In this article, we will be discussing everything that you need to know about Mutation Khatiyan, why it is important, and most importantly how to execute it. What is mutation Mutation Khatiyan or Namjari is a legally upheld document that is prepared to rule out any complication regarding the ownership of a piece of land.  When a person or organization gets the ownership of a piece of land legally by updating the…

Reading Time: 3 minutes You can’t transfer the ownership of leasehold property the same way you could have if it was a freehold property. In order to do that, you will need RAJUK’s sale permission first in compliance with its regulations. This is the first step in transferring the ownership of a leasehold property. And the permission letter that the seller gets from RAJUK to sell the property is basically known as the sale permission letter. In this regard, it is important to know that sale permission is required only for the leasehold property. In the case of freehold property, however, no permission is required. What properties are the leasehold property Generally, all the properties that are under the supervision of the Capital Development Authority (RAJUK), Chittagong Development Authority or CDA, Ministry of Works or Ministry of Housing and Public Works, or National Housing Authority are basically leasehold properties. And for the leasehold properties…

Reading Time: 3 minutes Everybody has a dream of owning a home in Dhaka. Numerous plans including location selection, land purchase, house design, and construction are carried out to fulfill that dream. But before you could do all that, you need approval for building construction. In that regard, RAJUK or the Capital Development Authority is the government institution overseeing all development plans in Dhaka.  One of the agency’s functions under the Ministry of Public Works is to approve building designs. So if you want to build any building in Dhaka, first you have to submit its design to RAJUK and get approval. In order to get approval for the construction of buildings, especially in Dhaka, the design of any building has to comply with the National Building Construction Rules of Bangladesh and RAJUK Building Construction Rules. if any building or part is constructed in violation of these two types of rules, then that building…

Reading Time: 4 minutes Securing the fund, sometimes known as a mortgage, is one of the most critical aspects of purchasing or selling a property. A mortgage is a loan provided by a bank or mortgage lender to a buyer to assist with the purchase of a home. Understanding the ins and outs of mortgages is critical whether you’re buying or selling a house. Because the vast majority of people who purchase a home will require a mortgage, and knowing the FAQs of mortgage can substantially decrease the stress of acquiring one. In today’s blog, we sat down with our mortgage experts at Bproperty, and listed down some of the most frequently asked questions about mortgage for you.  How Do I Start The Process Of Getting A Mortgage? Getting the mortgage process started is one of the first stages in buying a property. And finding a top mortgage lender or bank is the next…

Reading Time: 4 minutes Before we dive deep into the discussion on the effects of metro rail in Mirpur, it is important to understand where we are coming from. The current roadway infrastructure of Mirpur is nothing sort of a big mess. Despite being the largest area of the capital in terms of both size and population, Mirpur remained less accessible to most people living outside the area. However, during monsoon, the situation of its dysfunctional roadway system becomes more evident as it crumbles due to crippled infrastructures.  But the situation is expected to change big time following the metro rails operation (Uttara – Agargaon) which is set to begin in December 2022 and extended operation to Motijheel in 2023 same time. But what are the changes that metro rail is expected to bring? And what does the future hold for Mirpur in the wake of the metro rail operation? In this article, we…