Addressing the growing surge in demand for property purchase in the Bashundhara Residential Area in the capital, country’s only complete real estate solutions provider Bproperty has recently opened a new marketplace in Bashundhara R/A.

A press meet was held at the new marketplace on Sunday, where Bproperty presented and discussed its data findings and upcoming plans for the area.

This is the 8th Bproperty Marketplace in the capital, with others being located in Mirpur, Dhanmondi, Mohammadpur, Banani, Rampura, and two in Uttara.

According to Bproperty, the first three quarters of 2021 saw a significant influx of new listings being added to the Bproperty website. Approximately 70,000 new listings from Dhaka were added during this period, of which, about 7.5% of all listings intended for sale were from Bashundhara R/A alone.

Similarly, about 3% of all rental properties from Dhaka that were added, have been from the Bashundhara R/A. Moreover, compared to the first three quarters of 2020, Bproperty saw the demand for property purchase in the area rise by a massive 243%, while demand for property rent rose by 74%. As of September 2021, the demand to supply ratio for property in Bashundhara R/A on the platform stands at 3:1.

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“When looking to buy or rent a property, people look for security, convenient access to basic necessities and supplies, and also affordability. As far as these factors go, Bashundhara R/A ticks all the boxes; therefore, the area has become quite an attractive location for property developers, buyers, and renters,” said Mahzabin Chowdhury, Head of Marketing and PR at Bproperty.

Explaining the idea behind the new marketplace, she added, “We expect the demand to rise even further in the coming years, which is why we have opened our newest marketplace focusing specifically on this area.”

Bproperty has apartments, duplexes, plots and entire buildings currently listed in Bashundhara R/A. According to the most recent data from Bproperty, during the first three quarters of 2021 on the platform, 37% of home seekers in the area in 2021 so far were looking for apartments that are between 1,001 sq ft to 1,500 sq ft. and about 19% had a preference for flats that are within 1,000 sq ft. in size, while 16% had a preference for flats ranging between 1,501 to 2,500 sq ft.

In terms of bedroom preference, nearly 60% of the people were looking for a 3-bedroom home. Moreover, about 36% of home seekers in Bashundhara R/A with specified budget requirements want homes between Tk 50 lac to Tk 1 crore, and about 25% have a budget of Tk 1 crore to Tk 3 crore

About 8% of all property-related queries made to Bproperty in the first three quarters of 2021 have been regarding properties in Bashundhara R/A, further attesting to the high demand for property in the area.

Bashundhara R/A is also steadily flourishing into the next commercial hub of the capital. Commercial listings on the company’s website mainly include office spaces and shops for both sales and for rent.

The services available at Bproperty Marketplace Bashundhara include comprehensive support regarding buying, selling, and renting of residential and commercial real estate, as well as financial consultation and legal services. The company has recently launched interior design solutions too.

Open seven days a week, from 9:30 am to 6:30 pm, the marketplace is located on the 5th floor of House No. 236, Road 2, Block B, Bashundhara, Dhaka, 1230.