250 Luxury Units Coming to Dhaka's Gulshan

Dhaka's real estate market is abuzz with the news of a new 35-story apartment tower set to be completed by 2028 in the heart of the Gulshan neighbourhood. This development, undertaken by the renowned Bashundhara Group, promises to bring a new level of luxury living to the city.

The significance of this project cannot be overstated, especially given the current state of Dhaka's housing market. With the city's population projected to reach 20 million by 2025, the demand for quality housing is at an all-time high. The new apartment tower is poised to meet this demand, offering residents stunning views of the city, world-class amenities, and unparalleled convenience, with the Gulshan Circle and the Baridhara Diplomatic Zone just a stone's throw away.

Local Impact

The impact of this development will be felt across the city, with the tower's proximity to major landmarks such as the Hatirjheel Lake and the Karwan Bazar making it an attractive option for those looking to live and work in the heart of Dhaka. The Bashundhara Group has also announced plans to develop the surrounding area, with the creation of new parks, shopping centres, and community facilities. This will not only enhance the quality of life for residents but also increase the value of properties in the area, with prices in the nearby Banani and Baridhara neighbourhoods already showing signs of increase.

According to data from the Bangladesh Bank, the average price of apartments in Dhaka has increased by 15% over the past year, with the price per square foot reaching a record high of BDT 12,000. The new apartment tower, with its luxury units priced between BDT 5 crore and BDT 20 crore, is set to further drive up prices in the area. However, with the city's growing middle class and increasing demand for quality housing, it is likely that the tower will be fully occupied soon after its completion, with over 50% of the units already sold, according to sources.

As the city continues to grow and develop, it is likely that we will see more projects like this in the future. For those looking to invest in the Dhaka property market, now may be the time to act, with prices set to increase further in the coming years. The Rajuk, the city's planning authority, has also announced plans to develop new infrastructure projects, including the expansion of the city's metro system and the creation of new roads and highways, which will further increase the attractiveness of the area to investors and residents alike.