Recent Urban development in Bangladesh

[EasyNow]

Sell now, Real Estate in Bangladesh is taking a nosedive next year as recession looms at home, unless magically Putin stops.

Will be a while before any booming happens. Worldwide GDP growth will be at 3% or under that. In Asia and Bangladesh will be max 5% growth....

That's very unambiguous advice! Much appreciated buddy

 

[Bilal9]

That's very unambiguous advice! Much appreciated buddy

Any time Bhai. Just going by what I hear around me in real estate circles.

 

[Bilal9]

Major mall development in Chittagong

 

[Bilal9]

Swissotel Niketan (27 stories) 7th floor (16000 sqft) being cast in one go. The Hotel faces Hatirjheel near Police Plaza section. Will probably use multiple 42m and 52m Schwing concrete boom pumps.

 

[Bilal9]

Typical 3500 sqft upper middle class condo in Gulshan

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Decorus Continuity | Charubithi 3B​

Text by Zariat Mushfique Khan​

“A home should be rooted, not decorated”, a belief personified by Architect Sudeshna Shirin Chowdhury through Charubithi 3B. Situated in Gulshan 1, the 3,500 sqft apartment embodies the dual spirit of a contemporary and classic home.

The principal architect for architectural and interior design consultancy studio, Studi, Sudeshna Shirin Chowdhury explained her belief that homes should represent the owner. She states, “As a designer, I like to shape each and every space according to the person who is actually going to use the space.

For Charubithi 3B, the approach had been to create a layout where every individual member of the home had their own comfort space while also creating functional communal spaces.

It was distributed in such a way where everyone can all sit together, enjoy their time together and have their private time as well.”

Noting the client’s vast personal art curations, the architect revealed that a very neutral earthy palette, mostly greys, browns, beiges and whites were incorporated in order to complement the paintings. The completely new apartment had been a shell with only the ceiling and floors being finished, Studi took advantage of this creative freedom through hand picking all construction materials and creating all internal partition walls as per their requirements.

The work for the project began around September of 2020; not without its hurdles, it reached completion and was handed over in March 2021. “What we tried to do in this project is to source everything locally. Each furniture piece was locally purchased. However due to the project dates coinciding with the pandemic, it was quite difficult to source a lot of the necessary materials and the available labour force was also quite scarce.”

Highlighting the primary use of marble tiles, different shades of wood, concrete, experimentation with shades and textures of skim coats, Architect Sudeshna Shirin Chowdhury states, “We tried to keep it very neutral. We incorporated travertines in some walls, placing artwork or a mural that reflects the travertine on the wall it faces. There was a wall where we created the illusion of the wall being a window, strategically placing mirrors, this also created an elongating effect on the corridor opposing the mirrors. There was also a feature wall which the client themself painted, so it was a fun part. For me, the great part about this project was my relationship with the client, it was proper teamwork.”

Chowdhury called attention to the cabinet visible on the right hand side upon entry, disclosing that it is actually a shoe rack which was discreetly hidden through the use of strategic lighting and an alcove. She states, “There is actually a lot of storage in odd places scattered around the apartment that completely blends into the surroundings, which in itself is a feature of the home.”

“We retained at least three kinds of lighting that can be changed according to necessity. The corridor walls are adorned with concrete paint and paintings. A lot of indirect light was used, the spaces were illuminated in a way to create focus and highlight the objects the client wished to display.”

The architect explained the unique design of the home, noting that the apartment itself is a square layout surrounding a core. The lift and stairs are in the core, hence the home connects itself in a loop with a corridor running throughout the house. The corridor is the main walkway connecting the house, at a point leading to the kitchen with the family living area on the opposite side, designed in a manner to accommodate the family’s needs.

Chowdhury states,

“The client had a particular style and preference. A very successful individual themselves, they have their own manner of thinking and criteria. We worked like partners to achieve what was most appropriate for them.”

 

[BananaRepublicUK]

I'm about to sell my 7.5katha plot in Purbachal sec 2.


Quite torn about the idea as the area may be about to start really booming... But then prices achieved are pretty good now - what do you think @Bilal9

What’s the asking price?

In the U.K. kitchens are the focal point of the house.

We love cooking as a family so went for a lavish kitchen. Our bedrooms and living rooms are very modest by comparison.

I see in BD kitchen is still very much a non entity.

 

[EasyNow]

What’s the asking price?

In the U.K. kitchens are the focal point of the house.

We love cooking as a family so went for a lavish kitchen. Our bedrooms and living rooms are very modest by comparison.

I see in BD kitchen is still very much a non entity.

7.5 cr. We have a buyer - there are developers in BD that are happily buying up anything in Purbachal

 

[BananaRepublicUK]

7.5 cr. We have a buyer - there are developers in BD that are happily buying up anything in Purbachal

Dear lord!!!

What a brilliant investment!

 

[Tom-tom]

What’s the asking price?

In the U.K. kitchens are the focal point of the house.

We love cooking as a family so went for a lavish kitchen. Our bedrooms and living rooms are very modest by comparison.

I see in BD kitchen is still very much a non entity.

As that's where the domestic hands do most of their work lol.

Would you give a s class merc to a average worker to deliver small items?

 

[BananaRepublicUK]

As that's where the domestic hands do most of their work lol.

Would you give a s class merc to a average worker to deliver small items?

When you put it that way

But bd middle class is quite lazy and missing out…

Cooking together is a great way to bond as a family.

Also a great way to get kids to eat healthy food. And care about what they eat.

 

[EasyNow]

Dear lord!!!

What a brilliant investment!

Yes those plots were amazing value - but a very long wait - 27 years and counting!

When you put it that way

But bd middle class is quite lazy and missing out…

Cooking together is a great way to bond as a family.

Also a great way to get kids to eat healthy food. And care about what they eat.

I think you're right about this, domestic workers are getting harder to come by and cooking yourself or eating out will become more common I think

 

[BananaRepublicUK]

Yes those plots were amazing value - but a very long wait - 27 years and counting!

Tbh, U.K. property market gave a better return over that period

And BAL will not take a cut

 

[EasyNow]

Tbh, U.K. property market gave a better return over that period

And BAL will not take a cut

It was a £19k investment, so pretty stratospheric to be fair - but unlike a UK property investment there was no income in the meantime

 

[Wergeland]

7.5 cr. We have a buyer - there are developers in BD that are happily buying up anything in Purbachal

If you ask me. I would not sell.

It depends really on if its an long term investment or not. I mean the market may face a downturn for some years but in a long term perspective there is no doubt about Bangladesh economy upward trajectory. With soon 180 million people in a tiny land and a huge coming boom in the growth of middle and upper middle class, you bet the properties in central or close to central Dhaka will continue to appreciate.

The fact that a developer is interested in your lot really tells everything. They are the experts and know the long term prospects of land in Purbachal, Boshundhara etc. Wont be suprised if those two neighborhoods have similar trajectory (or even better) like Gulshan had since the 90s.

Then again, 7,5 cr i a lot of money. Choice is yours in the end. Good luck and i am sure youll will come to the right choice on whats best for you.

 

[EasyNow]

If you ask me. I would not sell.

It depends really on if its an long term investment or not. I mean the market may face a downturn for some years but in a long term perspective there is no doubt about Bangladesh economy upward trajectory. With soon 180 million people in a tiny land and a huge coming boom in the growth of middle and upper middle class, you bet the properties in central or close to central Dhaka will continue to appreciate.

The fact that a developer is interested in your lot really tells everything. They are the experts and know the long term prospects of land in Purbachal, Boshundhara etc. Wont be suprised if those two neighborhoods have similar trajectory (or even better) like Gulshan had since the 90s.

Then again, 7,5 cr i a lot of money. Choice is yours in the end. Good luck and i am sure youll will come to the right choice on whats best for you.

Tbh you're right & I know this too - but there is a time for everything and I believe this is the right time for me, double the money in 10 years may not benefit me as much.