Major realtors have set their sight on the capital's Mirpur to propel their growth and court middle and higher middle income groups as the largely under-developed area has turned lucrative since the start of construction of the metro rail that passes through it.

According to the participants of the ongoing housing fair at Bangabandhu International Conference Center, Mirpur is getting popular owing to competitive prices and the metro rail, which is expected to start carrying passengers in 2021. Rangs Properties is developing a real estate project in Shewrapara where 154 flats will be built.

The company is setting up four 12-storied buildings under a TaruKabbo project, which will offer modern facilities, including swimming pool, walkway, prayer hall, children's playground, library and gymnasium.

The amenities are aimed at meeting people's demand, said Sajib Kumar Banik, manager and team leader at Rangs Properties.

Prospective customers talk to stall attendants of the Standard Chartered Bank, on the third day of a five-day housing fair organised by the Real Estate and Housing Association of Bangladesh (REHAB) at Bangabandhu International Conference Center yesterday. Photo: Prabir Das

The company is offering either a parking space or a kitchen cabinet free of cost marking the fair, which has been organised by the Real Estate and Housing Association of Bangladesh (REHAB).

The size of the flats range from 1,445 to 1,860 square feet and the property comes at a price of Tk 6,500 per square foot.

Sheltech is offering the same facilities at its Bithika project on the Mazar Road in Mirpur Section-1. Some 184 ready flats are up for sale there.

The project targets mid-level customers with 1,360 to 1,526 square feet flats. The asking price is Tk 6,465 to Tk 6,600 per square feet, said AKM Rafiul Islam, assistant general manager for sales at Sheltech.

Customers who book flats at the fair will get cash discount and home appliances.

Eastern Housing Ltd (EHL) is showcasing 10 residential projects, two commercial projects and two land projects.

Of them, the Mirpur residential project is offering 86 flats with sizes ranging between 1,300 and 1,400 square feet. Each flat will cost below Tk 1 crore.

The project was launched to provide flats to the middle-income group at affordable prices. The flats will be handed over within 42 months, Mohammad Farhaduzzaman, head of marketing at EHL, said.

He said buyers who will book flats in the fair will get Tk 100 to Tk 200 discount per square foot. The offer is valid till January 15.

Shanta Holdings Ltd has rolled out a condominium project on 12.5 bighas of land adjacent to Mirpur DOHS, targeting the growing middle class.

Shihab Ahmed, general manager for sales and customer services of the company, said customers can buy flats in the project at the same rate of the properties located in the Mirpur DOHS.

"Although the price is the same, the project will come up with more facilities than those offered by the flats in the DOHS," he said.

Concord Real Estate & Development Ltd is aiming to provide 1,200-square feet flats at Tk 64 lakh at the Concord Lake City project in Khilkhet, said Md Aminur Rahman, assistant general manager for sales of the company. 

The project has 200 ready flats with sizes between 1,280 and 1,375 square feet and the price is Tk 6,000 to Tk 7,000 per square feet.

Rahman said Concord is the first real estate company in Bangladesh which has introduced condominium projects with all modern facilities.

Concord is offering flats at Tk 4,500 to Tk 35,000 per square foot depending on the location.