Bproperty launches latest marketplace in Bashundhara Residential Area

To cater to a growing demand for property, Bproperty, has recently opened its 8th marketplace in Bashundhara Residential Area (R/A) of the capital Dhaka. In a media meet-and-greet session on October 24, Bproperty presented their recent findings and future plans for Bashundhara R/A.

According to the 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. 

About 3% of all rental properties from Dhaka that were added in 2021 so far, 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 rose by 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, according to a press release issued by the company.

Mahzabin Chowdhury, head of Marketing and PR at Bproperty, said, "When looking to buy or rent a property, people look for security, convenient access to basic necessities & supplies, and 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."

"We expect the demand to rise even further in the coming years, which is why we have opened our newest marketplace focusing specifically on this area," she added.

According to the press release, the services available at Bproperty marketplace Bashundhara will include comprehensive support regarding buying, selling, and renting of residential and commercial real estate, as well as financial consultation and legal services. The company has also recently launched interior design solutions services.