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.
“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.