Trends: Bangladesh's Property Market Analysis & Reports

Trends March 1, 2022

All you need to know about leasehold and freehold property in Bangladesh

Reading Time: 4 minutes Real estate is undoubtedly one of the best sectors to invest in Bangladesh. However, before you decide to invest in the housing market, it is important to understand the nature of the market, property types, and all the legal procedures associated with it. To that end, the first question that can pop into your mind is how many types of property are there in Bangladesh? Considering the ownership and legal process, the property in Bangladesh is divided into two categories- leasehold property and freehold property. But why are leasehold property and freehold property different? What are the differences in the legal process of buying and selling such property? In this article, we will explain everything in detail. Leasehold property RAJUK (Capital Development Authority) is the only governing body responsible for the urbanization of Dhaka. The properties under RAJUK are actually called leasehold properties. In fact, no land or plot under…

Trends February 4, 2022

4 Reasons Why Buying Used Flats are Better than New Flats

Reading Time: 3 minutes Buying a home is a decision that can be exciting and nerve-wracking at the same time. But when it comes to buying a new versus a used home, a lot of factors come into consideration. Your payment method, your financial history, family needs, one must keep many different aspects in mind. For those buying a used flat, the deciding factors will be very different and rightfully should be. And while looking for a used flat for sale in Dhaka, you must also have a clear idea about the benefits that you will be getting. However, at the end of the day, buying a used flat has more pros than cons. Here are a few reasons why buying a used flat is better than buying a new flat. Comparatively Lower Price: If you are looking to buy a used flat in Dhaka then there is a high possibility that budget is…

Trends January 21, 2022

The future of the Real Estate Business in Bangladesh

Reading Time: 5 minutes Bangladesh’s real estate sector is sturdier than most sectors and has been growing steadily over the years. With constant developments, rising housing demand, and soaring per-capita income, it would not take much time for the market to become fully mature had it not for the pandemic. But thanks to all the initiatives taken by the government, the real estate sector has gotten back on the right track with a different momentum. That is to say, the newly implemented policies have not only impacted how we do real estate, but also redefined a few important aspects as well. So if everything stays the same, what does the future actually hold for the real estate business in Bangladesh? What are the potential future prospects surrounding investment opportunities, government regulations, and other associating factors? And what are the possible challenges that the real estate sector may face in the future? Today, in this…

Trends January 14, 2022

Top Megaprojects in Bangladesh

Reading Time: 4 minutes Bangladesh is rapidly moving up towards being a fully developed country. It has the fastest-growing economies in any country and investors hail it as one of the top emerging markets. Currently, it is enjoying being the world’s 43rd largest economy by GDP and if everything goes as planned Bangladesh will achieve high-income status by 2041. To make that vision a reality, the government has taken several initiatives and is working towards building a robust infrastructure across the country to boost the economy through industrialization. That is to say, there are multiple megaprojects in Bangladesh that are currently underway and in this article, we will discuss the 5 most important ones in detail. Padma multipurpose bridge Project location: Louhajong, Munshiganj, Shariatpur, Madaripur Length: 6.15 km Completion status: 88% Cost: $3.6 billion Considered one of the most challenging megaprojects in Bangladesh, the Padma multipurpose bridge spans the Padma river and connects the…

Trends January 10, 2022

Housing for Single People in Bangladesh: Problems and Potential Solutions

Reading Time: 5 minutes Problems with housing for single people in Bangladesh are at an endemic level. However, as it is mostly unseen, people don’t realize what is actually going on in the street. Habiba has been looking for a place to rent for the past 1 month. However, most of the landlords aren’t very interested to rent out to her. Their problem lies in the fact that Habiba is a single unmarried female. Some of the landlords who have some inkling of renting out a home to her place a number of conditions. Conditions such as her parents first must come and speak to them face to face, or they’ll only rent out if Habiba promises to not stay out after dark. But as a career woman who works at an advertising agency, such conditions are very challenging. Taqi, a freelancer lives in Dhaka with his family and extended family in a single…

Trends January 7, 2022

Dhaka Structure Plan 2016-2035: What to expect

Reading Time: 5 minutes Before we delve deep into the details of Dhaka Structure Plan 2016-2035, a little history may help you understand the chronology of the project. The first-ever plan to revive and shape Dhaka into a meticulously beautiful city was conceived in 1958. It was titled Dacca Improvement Trust (DIT) Master Plan. Sadly that 20-year development plan was never put into place. Then again in 1990, the government took another initiative to develop Dhaka into a wonderful planned city. Then a project named the “Preparation of Structure Plan, Master Plan, and Detailed Area Plan for Dhaka” was initiated. Finally, in 1995, the government adopted its first-ever higher-level plan for Dhaka titled “Dhaka Metropolitan Development Plan (DMDP)” which will be implemented over the next 20 years. This project was comprised of three sectoral development plans- Structure Plan, Master Plan, and Detailed Area Plan. Later the name Master plan was changed into Urban Area…

Trends January 5, 2022

New Furniture Trends For 2022

Reading Time: 4 minutes Last year was amazing in terms of innovation in interior design. By mid-2021, several new trends have been added to the interior design list. Everything from the multi-functional living space to the smart home was significant in the interior design trends this year. In addition to the interior, last year we have seen significant changes in the furniture trend as well. Several new designs have come out of the conventional style. The shape of the furniture and the materials used in them was also very innovative. However, according to interior experts, these furniture trends from 2021 are expected to lead this year as well. So without further adieu let’s discuss the furniture trends for 2022. Statement point So far we have heard of statement points or focal points in the interior of the home. You can create a statement point or focal point in any room you like. It could…

Trends December 31, 2021

New Year, New Dreams!

Reading Time: 3 minutes Now that January is almost here, you must be really looking forward to a great 2022. You might have promised yourself to quit smoking, lose some weight, travel to new places or spend some more time with your family. But what about your home? The place where you’ll spend most of your year? They say home is where your heart is but a better organized, and more comfortable place to live will surely work wonders. So keeping the needs of your home in mind, we present to you 5 new year resolutions for your home this year, in the perfect spirit of new beginnings. Use Durable Materials This year, focus more on materials that are low-maintenance and durable. They will provide you a hassle-free service for a long time and since you have to spend less time maintaining them, they will spare you from worrying about looking after them in…

Trends December 24, 2021

Registration fee of declaration of donation deed for Hindu/Christian/Buddho

Reading Time: 2 minutes If you are a Muslim and want to donate your property, you have two options: prepare a Heba deed or a Heba-bil-iwaz deed. But if you are a non-Muslim and want to donate your property to any of your specific family members, you have to prepare a declaration of donation deed. And like any other deed, there are certain fees associated with the declaration of donation deed. In this article, we will discuss everything from the registration fee of declaration of donation to other important things. Declaration of donation The donor will donate the property completely unconditionally where the recipient will gain access to the ultimate powers over everything including the transfer and conversion of the property. Any sound of mind and non-minor can transfer their property through the registry at will. There are different types of deeds and every deed including the declaration of donation deed includes five fundamental…

Trends December 22, 2021

Types of Windows

Reading Time: 3 minutes Windows are an integral part of any home. To ensure the safety and security of everyone in the house, every home must have multiple windows along with doors. Just imagine a home without windows? How suffocating would that feel? How would you look out the window and enjoy a rainy day? That is why windows are just as important as doors in a home. The shape of the window may vary from room to room. Different styles of windows are also used for different types of homes. So while building a house, you can choose from a variety of windows for your home, let’s find out more about this from today’s blog. Single Hung Windows Single hung window perfectly matches its name. Because the upper side of the window is fixed, and the lower side can be opened. This style of window is used in many residential and commercial buildings.…