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JANUARY 2021 The Right Time to Invest in Residential Real Estate Previous Month Reviving The Lost The Positive Effect of Inte- Previous Month Highlights Waterways rior Design on Businesses Highlights



Contents The Right Time to Invest in Residential Real Estate 04 Making an investment in the real estate sector is one of the most crucial decisions of an individual’s life. Choosing the right time to 05 buy the right property can prove to be a... 06 Are You Financially Stable? 07 Choosing The Right Property 07 Have You Set Your Goals Right? 08 Market Scenario 09 Budget Regulations Are you Ready for the Commitment? Previous Month Highlights 10 Dhaka: Buy Sell - January 10 January 2021 saw the real estate market attain greater momentum. The month started off on a positive note as 39.25% more apartment 12 listings were added into the Bproperty database... 13 Dhaka: Rent - January 14 Chattogram: Buy Sell - January 14 Chattogram: Rent - January Developments in the Real Estate Sector in January 2021 Reviving The Lost Waterways 16 Once upon a time, there was a city abundant with rivers and canals. Like the blood vessels inside human bodies, the waterways stretched all around and served as the lifeline for its... The Positive Effect of Interior Design on Businesses 20 Interior design at present has transcended beyond just the status symbol. Rather, we have people nowadays who are becoming more 20 and more conscious about the design aesthetics... 20 21 Brand Identity Reflection Creating a Reliable Impression for Clients and Business Partners Increase Of Productivity, Employee Satisfaction, And Organizational Capacities Property of the Month 22 Interior design at present has transcended beyond just the status symbol. Rather, we have people nowadays who are becoming more and more conscious about the design aesthetics...

The Right Time to Invest in Residential Real Estate 04

Making an investment in the right factors involved in you should first take a good the real estate sector is identifying the right time to lay look at your daily expenses, one of the most crucial out money on real estate. This starting from house rent, decisions of an individual’s article will rundown on how you car expenses, utility bills, life. Choosing the right time can figure out the right time to children’s expenses, other kinds to buy the right property invest in residential real estate. of savings and so on. On the can prove to be a challenge, contrary, if you have enough especially if someone is buying Are You cash reserves and do not even an apartment or making any Financially require to take any form of sort of real estate investment Stable? loans from banks that would for the first time. It takes all be a great idea as it will save types of steps, formalities A real estate investment is a you from the hassle of paying and requirements to finally lifetime decision and deciding installments. reach the end stage of buying the right time to invest in a property. One should follow residential real estate can A lot of people have a certain steps and assess prove to be pivotal. When perception that age limits you consider buying a home, the tendency to invest in real the most important factor estate. For many, financial to consider is your financial stability comes more into play condition. After all, it is not when someone decides to feasible to invest all your invest in real estate. Regardless money behind a property of the age, old or young, if and not have any left over to someone can afford buying a manage a regular life. new apartment while ensuring an extra cash reserve, they If taking a loan seems required, should step forward and make the investment without further hesitation. After all, it is not feasible to invest all your money behind a property and not have any left over to manage a regular life. 05

Choosing The Right Property The selection process of a property is a major attribute which will guide you in determining the right time to invest in residential real estate. Deciding on the right property can be a dilemma, given the number of options to choose from. There will be several plots of various sizes and price ranges. Other than that you may also have to select from the ready apartments to the ones which are going through construction. Your criteria list should also include the location and the neighborhood of the apartments. These are important factors as eventually these will lead you to a life you will be settling for. You cannot invest blindly and should complete your due diligence when it comes to buying an apartment or land. Apart from emphasizing on the location of the property, also go for an entire apartment inspection. Start with all the formalities and paperwork. Once that is done, try to get a check on the reputation of land owners or the developers who are involved with the property, the types of the construction materials used to complete the project, and the possible return you may derive from this investment in the long run. Once all the necessary steps and processes are fulfilled, see which are most appropriate for you and then begin making a decision. 06

Have You Set Your Goals Right? Everything we do in life serves a purpose. Likewise, ask yourself regarding the purpose you have behind buying a land or an apartment in the location you desire the most. This one step will pave the way for you by providing answers in regards to your right time to invest in residential real estate. Try to figure out whether you have a long term goal or a short term one. Do you want to own a house of your own or do you prefer paying rent to landlords? All these questions are actually relevant when it comes to buying any property. You should opt for the one which will prove to be more convenient for you. Are you more comfortable with paying monthly rent or is it more feasible to make monthly installments? Paying rent will give you the freedom of changing apartments from time to time. Whereas, in spite of being in a fixed location, buying an apartment will give you a sense of ownership at the end of the day. You should access these factors beforehand and finally go for the one which will align with your set goals. Market Scenario We are aware of the fact that the real estate industry is cyclical in nature and is susceptible to macroeconomic factors like economic growth rates, interest rates, population growth rate, etc. Nonetheless, interest rates greatly impact the housing sector and play a 07

major role in making a decision per our research we found that the right manner, will come of buying a property. However, both buyers and sellers were in handy for individuals who if we want to consider the real in some kind of dilemma even have been waiting for ages to estate market in light of the though the market remained grab the opportunity to become current pandemic, the scenario indifferent, ending up with a homeowner. To start off, might seem a little different. sellers searching for potential Bangladesh Bank slashed the buyers and buyers looking out interest rates to single digit The global real estate market for suitable apartments. and fixed it at 9%, in order to witnessed a major halt due attract more investors to the to the pandemic situation. Budget real estate sector through bank Investments or any kinds of Regulations loans. Considering a bank loan property buying or selling for housing purposes has never was disrupted to a significant The new budget of FY 20-21 been this convenient. Even for level. The massive level of laid out notable changes in those who were reluctant would unemployment, reduction in regards to the real estate consider it to be a right time to wage rates, and business losses sector. The government came invest in residential real estate. further fueled the uncertain up with effective measures in situation. On a brighter note, order to help the sector gain Apart from this, having the from the second half onwards some momentum. The favorable middle income to lower with the ease on lockdown, conditions, if implemented in income families in mind the things began to change. government introduced a zero- According to industry experts, equity home loan. This step can lowered interest rates coupled with a reduction in residential property prices triggered the increase in demand for apartments in the global markets, which eventually aided in some recovery of this sector. As far as Bangladesh is concerned, the real estate market scenario was stable and showed optimistic signs before the pandemic. The economic growth rate and political stability of the country drew a lot of buyers towards investing into the real estate sector. However, everything came to a halt as soon as pandemic fears spread across the country. Since then, the situation has been quite challenging. Due to lockdown, people maintained social distance to their best level and managed to view properties under such circumstances. As a result, investors’ plans remained on hold and developers on the other side faced difficulty with their ongoing projects. Due to unavailability of labor and raw material supply, it was increasingly difficult to complete projects. However, as 08

They allowed those living there, as well as those visiting, to travel to any part of the city seamlessly and make full use of the resources found within them. After all, it is not feasible to invest all your money behind a property and not have any left over to manage a regular life. be a major gateway for a lot of registration fees are likely to the dream of owning a house of people to find their ideal homes drive more growth in the real your own. in the long-run. The government estate sector in the future and has even allowed undisclosed bring commendable change Nowadays, even technological income to be invested in the to the whole infrastructural advancements have moved into real estate sector without dimension. the real estate sector, making having to face any form of it even easier to find the right scrutiny by the Anti-Corruption Are you property for you. The more you Commission (ACC) and the Ready for the get yourself educated on the National Board of Revenue Commitment? current changes and adapt to it, (NBR). This particular decision the easier it will be for you to has the potential to attract a Real estate investment holds identify the right time to invest huge level of investments in the the potential to generate in residential real estate. Assess real estate sector. lucrative returns, considering the factors of profitability you will cautiously make your and try to comprehend how Interestingly, the government move and take a wise decision. bright your future can be due even deducted the registration These sort of major decisions to this investment. Once you cost of apartments to 10% require an intense level of have considered all the factors from 14%, which will consist willpower and commitment, rationally and eventually buy an of other fees associated with and it will help you to achieve apartment, this can be the best property buying. Removing place to enjoy and experience all the extra pressure of 4% the special moments in your life. 09

Previous Month Highlights Dhaka: Buy Sell - January January 2021 saw the real estate market attain greater momentum. The month started off on a positive note as 39.25% more apartment listings were added into the Bproperty database when compared to the previous month of December. Mirpur was especially in the leading position in such listings contribution, constituting 12.6% of the total listings added. Bashundhara R/A with 8.86% and Badda with 8.53% secured a place in the second and third position. Areas like Hazaribagh, Dakshin Khan, Dhanmondi and Mohammadpur also witnessed a significant number of new additions. According to the price of the newly added listings, apartments ranging from Tk50 lac to Tk60 lac gained momentum during the month. Around 13% of the listings belonged to this price range, over one-third of which from Badda and Mirpur. 12.12% of listings ranging from Tk60 lac to Tk70 lac were from Mirpur and Dakshin Khan. Hazaribagh and Uttara also generated some significant number of listings in this price category. Most of the apartments which became available in January were within this price range. 10

In Dhaka, 73.98% of the newly feet homes were the highest in database, 15.11% more new available residential listings number, coming from prominent requests were generated in were 3 bedroom apartments. locations like Hazaribagh, January compared to the Additions of such apartments Mirpur, Uttara and Badda. previous month. Such an in January were heavily increase in the number of leads concentrated in Uttara, Mirpur In terms of incoming property can be considered a positive and Badda. As per apartment requests, January was a busy indicator for the real estate size category, 1201-1500 square month. According to Bproperty sector. In January, Dhanmondi After all, it is not feasible to invest all your money behind a property and not have any left over to manage a regular life. 11

remained the hottest spot, solely generating around 16.67% of the total demand. Apart from Dhanmondi, areas with great property demand were Purbachal (12.74%), Uttara (11.28%), Mirpur (10.95%), Bashundhara R/A (8.99%) and Mohammadpur (5.67%). Dhaka: Rent - January The rental segment also made bedroom apartments also Based on size, a significant commendable improvements constituted over one third of number of listings were from in January in terms listing total listings, about 33.88%. In apartments less than 1000 additions as 5.61% more rental January, 2 bedroom apartments square feet. Mirpur was the apartments were newly added were highly sought after area which mainly got the during the month from the ones, nearly half of the total property listings for this previous month. Some of the property requests were for apartment category. In general, areas with a great number of this category. Mainly those there has been an increase in available rental apartments who were preferring to reside property demand in January. were Mirpur with 22.45% of in Uttara and Mirpur, showed Demand for apartments rose total listings, Uttara 4.72%, great interest for the 2 bedroom by 14.46% compared to Badda 4.67%, Hazaribagh apartments. On the other December 2020. Out of all 4.30% and Jatrabari 3.45%. hand, 3 bedroom apartments locations, Mirpur came in the Besides, Rampura, Khilgaon, remained popular for areas in first position with 13.16% of Mugdapara, Khilkhet, Bashundhara R/A, Uttara and the total number of property Ibrahimpur and Savar Gulshan. demand. Apart from Mirpur, demonstrated considerable growth signs during the month. 37.08% rental apartment listings in January were between Tk10,000 - Tk15,000 a month. 24.26% of the apartments which had rental rates below Tk10,000 came in the second position in terms of listings added based on price. The next one in such listings category was apartments with Tk15,000 - Tk20,000, bagging a share of 20.96%. All in all, relatively affordable areas in January for renting out apartments were in Maniknagar, Savar, Uttar Khan, Shyampur, Demra, Dakshin Khan, Bashabo and Mugdapara. The highest number of listings were 2 bedroom apartments, which was around 58.31% of the total listings. The 3 12

They allowed those living there, as well as those visiting, to travel to any part of the city seamlessly and make full use of the resources found within them. Uttara and Mohammadpur also December, more than double from Sholokbahar area. 54.28% received a considerable number the number of homes were of the listings in January were of rental property requests in added to the Bproperty 3 bedroom apartments.The January. database. Two-thirds of the 2 bedroom apartments also total listings added in January constituted about 45.71% of Chattogram: were from Bayazid and the total listings. Sholokbahar Buy Sell - Sholokbahar. Other than that, for 2 bedroom apartments January Halishahar, Khulshi and North and Bayazid for 3 bedroom Pahartali also contributed in apartments remained in the top After a slow month, January growing the apartment listings positions in terms of adding saw a rise in the number of during the month. new residential units during apartment listings becoming the month. 42.46% of the available for purchase in Nearly half of the apartments residential properties were Chattogram. Compared to added were between Tk60 lac to 1001 - 1200 square feet, the Tk70 lac in January. A majority most of any size segment. of such priced homes came 13

Chattogram: In January 48.97% of the requests, followed by 7.55% Rent - January listings became available forJamal Khan and 6.25% for for apartments which had a Bagmonirum. The rental segment of monthly rent below Tk10,000. Chattogram did not experience For individuals who are Developments significant change in January interested to rent an apartment in the Real from the previous month. The that minimizes the housing Estate Sector in areas which played a huge cost should consider areas January 2021 role in adding to the listings like Andarkilla, Halishahar, in January were Bayazid with Hathazari and Patenga. We have seen how the a 18.26% share of the total government has undertaken listings, Halishahar with On the demand front, 13.61% significant steps to address 18.03%, and Bakalia with more rental property requests the problems of the real estate 15.72%. were registered in the month of January in Chattagram. Khulshi alone generated 8.85% of the 14

They allowed those living there, as well as those visiting, to travel to any part of the city seamlessly and make full use of the resources found within them. sector in the last year. Allowing the help of a lower processing square feet. When untaxed money to be invested fees, quicker processing it came to price, in real estate, fixed interest privileges and simpler property December listings rate on bank loans and other valuation. As per the rules of were mostly under reduction in registration costs the agreement Bproperty will Tk. 10000 rent. The made it possible to help the take the charge of conducting highest average sector rebound within a short proper price valuation and asking prices in period of time. legal validation for home loan Chattogram were in seekers on behalf of IPDC. areas like Khulshi, At the start of 2021, IPDC Through this partnership Muradpur, Jamal and Bproperty signed an between the two companies, Khan. agreement between them. The home loans will be provided at two companies came forward a faster pace while tailoring to collaborate with the sole to the specific needs of the aim of making the process of clients. availing home loans easier with 15

Reviving Once upon a time, there The Lost was a city abundant Waterways with rivers and canals. Like the blood vessels inside 16 human bodies, the waterways stretched all around and served as the lifeline for its citizens. They allowed those living there, as well as those visiting, to travel to any part of the city seamlessly and make full use of the resources found within them. The beauty and magnificence of that Dhaka now only remain in peoples’ imaginations as with each passing year, it seems the

They allowed those living there, as well as those visiting, to travel to any part of the city seamlessly and make full use of the resources found within them. waterbodies in Dhaka vanishes usefulness and even existence. Once upon a time, bit by bit, and not even the Many of the still existing canals there was a city once mighty rivers were able to are dried up or clogged up with abundant with rivers protect themselves. garbage if not encroached by and canals. Like the someone powerful – leading to blood vessels inside Dhaka used to have 58 canals water being logged on the city’s human bodies, the that made peoples’ lives easier. streets for hours even when waterways stretched The city had a natural drainage there is light rain. As a result, all around and system thanks to them. Today, waterlogging has been one of the served as the lifeline less than half of those canals primary and long-standing issues for its citizens. remain with most of them ailing the citizens of Dhaka. being in less than sorry states. While the natural drainage However, a sliver of hope can systems were reinforced with now be seen on the horizon artificial means to bolster as the concerned authorities their capabilities and lifespan, seem to have finally focused illegal encroachment and years on the need to solve this of neglect have devasted their waterlogging crisis as the 17

recent (and final) draft of the DWASA had If successful, even if not fully, Dhaka Area Plan (DAP) 2016- been responsible it will have a profound positive 2035 heavily highlighted the for the effect on the quality of life reclamation and the restoration maintenance in the city – not to mention of the waterbodies, including since 1988 but increase the desirability of the 26 still revivable canals, many people those certain locations. Areas located within the city. While believe that such as Kallyanpur, Ibrahimpur, the recent version of the DAP they had largely Rayerbazar, Shahjahanpur, isn’t without its fair share of failed in their Rampura, Segunbagicha, criticisms, authorities aim duties. Khilgaon and Bashabo will to free the city dwellers of greatly see a reduction of the suffering stemming from waterlogging once the canals waterlogging via restoring and begin to revive. Currently, improving the waterbodies. residents of these areas suffer Another step in the right direction was taken on the final day of the past year when the two Dhaka City Corporations formally took charge of the canals and and the drainage system of the city from Dhaka Water Supply and Sewerage Authority (Dwasa) – which has been in the works since 2012. DWASA had been responsible for the maintenance since 1988 but many people believe that they had largely failed in their duties. With this signing, the Dhaka South City Corporation (DSCC) and the Dhaka North City Corporation (DNCC) will be maintaining the existing 26 canals along with 2,200 kilometers of pipe drains and surface drains in Dhaka, and they have already sprung into action. The main objective of the city corporations is to quickly eradicate or significantly reduce waterlogging issues in the city by removing illegal structures & encroachments, re-excavating the canals and cleaning & clearing trash. In addition to reviving these vital waterbodies, the overall conditions of the canals and their banks is to improve along with certain beautifications as per the DAP. DSCC plans to appeal to ECNEC for a Tk900 crore project approval to bolster their efforts. 18

greatly whenever it rains and waterlogging. The waterways And while it might give people a momentary pause and the waterbodies of Dhaka take several years about living there. However, were once a great reason to fully revive the fortune of the areas with in making the city a great all canals, the canals may turn for the better hub of commerce, industry effect can soon be if similar sincerity is shown and residence; a successful observed as the in restoring the canals as revitalization will no doubt waterbodies is shown during the signing help Dhaka gain even more get revived ceremony. prominence than it currently one by one. holds. And while it might take For now, there is little the several years to fully revive all people of Dhaka can do but canals, the effect can soon be hope for the best and hope observed as the waterbodies for a city that is free from get revived one by one. Map by James Rennell, 1781 19

The Positive Effect of Interior Design on Businesses Interior design at present are some of the positive effects of food color they produce for the has transcended beyond just interior designs and their impacts marketing, a restaurant can the status symbol. Rather, on a business. choose multiple themes whereas we have people nowadays who a law firm might consist of darker are becoming more and more Brand Identity and serious industrial style. conscious about the design Reflection aesthetics in their business. The Creating a Reliable positive effects of interior design The decor of your business Impression for on businesses henceforth play a location, headquarters, and Clients and Business very mesmerizing role in scaling offices mark the brand value of Partners & growing the business. Another your business. As a result, you get feature is creating a perspective a unique identity and this helps to Interior design holistically helps of the business itself through flourish and market accordingly. create a unique brand identity for a marketable interior design. Different colors and decor styles your business. And this identity Therefore, the positive effect of also indicate the business that helps you to gain, impress and interior design on businesses you conduct. An advertising firm retain your clients. The hospitality helps a business owner to make might have bright, cheerful colors, in your marvelous office space the most out of their spaces. Here a food company will reflect the 20

can easily help you to gather your productivity and efficiency They allowed those living there, as well as clients and schedule meetings as well as job satisfaction. A those visiting, to travel to any part of the with them. Your decor, many a well-decorated office can help city seamlessly and make full use of the time, speaks volumes about your in creating impacts not only resources found within them. business. A glamorous office externally but also internally interior can market your business for keeping the work pace and that sets a business apart from its to give it a professional outlook as motivation of the employees. Marc competitors. The interior design well as relay a sense of credibility Thiry, Business Development can impart a sense of comfort and success. Manager of BestinBrands, who and confidence to the business’ partnered with Bproperty for ability to serve the interest of Increase Of Productivity, decorating their Sundora office the clientele. And that is why, Employee Satisfaction, interior, remarked that through interior design not only boosts And Organizational interior design, they tried to brand recognition but also helps Capacities optimize their office space for in creating an aesthetic value, maximum efficiency, comfort, and reliability, and trust for the The workspace in which you convenience. business. work needs to be elegant and professional. This leads to better Therefore, it is evident that the positive effect of interior design on businesses can be the element 21

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