Newer generations are smarter and have a clearer perception of what they would like to do with their surplus finances. In today’s day and age, if you are looking to invest in buying a flat or a parcel of land, you need to first ensure that you are making a well-informed decision after exploring all available options. If there is a way, for example, for you to buy a larger parcel of land by breaking the payment into smaller chunks; then it might be better to do that.
Your and your liking of the available plot/ selection of land or flat will influence your decisions. Here are some of the best areas in Dhaka if you are looking to invest in property right now:
Aftabnagar
With nearby campuses of East West University and BRAC, Aftabnagar is slowly becoming one of the hot and trendy localities of Dhaka. As Hatirjheel is in its vicinity, Aftabnagar is all set to become one of the best areas for young families to set their roots in. It is also considered to be one the few areas that is constantly striving to become a better version of itself. The area still has quite a bit of lush greenery still intact after its development, which is probably why it is quite high in demand in terms of flats and land or property opportunities.
Bosila
Close to the Buriganga river as well as Mohammadpur, Bosila has the best of both worlds. It offers more accessibility to the rest of Dhaka, and is close to many modern amenities like schools, banks, hospitals etc. In recent years, Bosila has experienced a housing boom, with the number of buildings in the area increasing exponentially. Land in Bosila cost around 2,000 BDT per sft. (as of 2021), and an apartment cost around 4,200 BDT per sft. More people prefer buying land in Bosila as opposed to investing in an apartment, especially since land appreciates much more over time.
Dakshinkhan
In terms of amenities, Dakshinkhan has it all, and the area itself in terms of real estate has huge potential. In this list, it is perhaps the best area in terms of value for money, as well as future prospects. The property pricing in the area is highly competitive, where a 2 bedroom apartment costs only around Tk 4,600 per sft. (around 35% less than the price of a similarly sized apartment in Uttara). Smaller apartments can go as low as Tk. 3,143 per sft. Also, the proximity of Dakshinkhan to Bashundhara R/A, Baridhara, Uttara etc. is a boon that is often overlooked. Dakshinkhan seems to have a bright future ahead of it.
South Banasree
South Banasree is also typically known for being very high value for money. It has everything a good area in the capital could offer–from educational institutions to shopping malls and even restaurants and hospitals. There are several development projects underway in Blocks G, H and I, which promise further advancement in terms of housing facilities, connectivity and accessibility. South Banasree has a current average sft. Price for an apartment that is 15% lower than that of a similar development in Aftabnagar. As a real estate investor, South Banasree is quickly shaping up to be one of the most worthwhile areas for real estate investment.
Mirpur
In terms of its population and area, Mirpur is the largest locality in Dhaka. There has been marked development in the area over recent years. The roads have been improved, the transportation systems have been updated, and with new businesses mushrooming here and there, Mirpur has transformed into a feature-laden neighbourhood in Dhaka. Due to these reasons, the value of Mirpur in the real estate market has increased manifold. Mirpur holds headquarters to some of the most prestigious offices (government and privately owned), advanced healthcare facilities to great schools and colleges for education. There are different price ranges of flats that are available in Mirpur, which means no matter what your budget is, you will find something suited to your tastes. In terms of land, prices are lucrative, depending on the state of the land you choose to go for and its proximity to essentials.
Wherever you may choose to invest your money in, you must weigh out all available options first. Your choice will not only be decided by your budget, but also where the land is, whether it will be hassle-free, accessibility of roads and other amenities, etc. Make sure your investment is a sound decision, one that you have researched thoroughly and so have all facts laid out in front of you.