Chattogram is the second-largest city of bangladesh, as well as the commercial capital of the nation. This port city has always played a major role in imports and exports, which is a major reason why the government of
Bangladesh has always prioritized expanding its infrastructural development. Even real estate investors are now turning their attention to neighborhoods that have been previously overlooked, but have shown immense promise over the years.
If you are looking to invest in some property with long-term potential, here is a list of some of the emerging neighborhoods in Chattogram that are quickly turning into attractive hubs for real estate investment.
1. Bayezid Bostami
Situated in the north of Chattogram, Bayezid Bostami is rapidly transforming into an industrial area that has a mixed-use zone with commercial, residential & educational facilities. The expansion of the Bayezid-Faujdarhat Link Road has significantly improved connectivity, making this neighborhood easily accessible. The area has a growing demand for residential flats from middle-income families. It is also close to major educational institutions, and proximity to industrial zones ensures consistent rental demand.
2. Anwara
Anwara previously used to be a quiet upazila on the outskirts of Chattogram Sadar. Anwara is now a major area of discussion due to the development of the Karnaphuli Tunnel. Slowly but surely, Anwara is now turning into a logistics and commercial hub. Due to megaprojects developing in this area, Anwara is gaining massive traction; and the region holds promise and potential for commercial plots as well as housing projects. It is an ideal location for first-time or early property investors.
3. Khulshi
Khulshi, in particular North Khulshi, is one of the most upscale neighborhoods in Chattogram. Real estate developers are zeroing in to build gated communities, modern apartments and shopping complexes in the locality. The high-end customers looking to invest in this area will ensure that you receive premium values for your property. It is also conveniently located close to many modern necessities.
4. Halishahar
Halishahar is one of the most densely populated areas of Chattogram, which has silently been undergoing many changes. The road planning improvement, along with new commercial centers burgeoning make it a lucrative investment option, both for businesses and residents. In fact, the rising rent demand from middle-income tenants, combined with progressing infrastructural improvements, make Halishahar the next hot area for investment.
5. Patenga
Patenga as an area is not just for tourism any more. The booming development in the area can be credited to the expansion of the Chattogram Port, the Patenga Container Terminal, as well as the increased interest in tourism. The potential for attracting tourism is strong in Patenga, and the rising opportunities in hospitality and commercial real estate make the area a strong contender in this list.
6. Boalkhali
Boalkhali is situated across the Karnaphuli River, a green, semi-urban area which is highly affordable and has great connectivity. Once the proposed Karnaphuli River Bridge has been built, the real estate values are expected to rise even further. The land in this area has a long-term potential for growth due to its proximity to light industries and agribusinesses. The peaceful environment also is attractive to suburban buyers.
The real estate market in Chattogram is evolving beyond Agrabad and even GEC Circle. The rapidly improving infrastructure of the city, along with the flow of investments seeping in, each of these areas offers great returns for investors who like thinking and planning ahead.
Before making any final investment decisions, research thoroughly, talk to real estate professionals, and monitor trends in property values. Early investments in the right neighborhoods could earn you substantial capital returns in the next 10 or so years.