35-Story Complex Gets Approval to Transform Dhaka's Downtown Skyline

The Dhaka City Corporation has just approved a major development project near the city's central business district, paving the way for a 35-story mixed-use complex on a 2.5-acre plot of land in Motijheel.

This approval comes at a critical time for Dhaka's real estate market, which has been experiencing rapid growth in recent years. With the city's population projected to reach 20 million by 2028, the demand for housing and commercial space is skyrocketing. The new development will help meet this demand and provide a much-needed boost to the local economy. The project's proximity to major landmarks such as the Bangladesh Bank and the Dhaka Stock Exchange will also make it an attractive location for businesses and investors.

In terms of local detail, the new complex will be situated on Topkhana Road, just a short walk from the bustling streets of Dilkusha and Purana Paltan. The project will be developed by a consortium of local companies, including the prominent real estate firm, Bashundhara Group, and will feature a mix of residential, commercial, and retail spaces. The complex will also include amenities such as a rooftop garden, a swimming pool, and a fitness center, making it an attractive option for potential buyers. Nearby neighborhoods, such as Paltan and Arambagh, are also expected to benefit from the increased foot traffic and economic activity generated by the new development.

Development Details

According to the approved plans, the complex will have a total floor area of 1.2 million square feet, with 500 residential units, 200 commercial offices, and 50 retail shops. The project is expected to break ground in October 2026 and be completed within the next 5 years, with a total investment of Tk 5 billion. The average price of a residential unit is expected to be around Tk 12 million, which is comparable to other high-end developments in the city, such as those found in the upscale neighborhood of Gulshan.

In terms of data, the Dhaka City Corporation has reported a 25% increase in development approvals in the past year, with a total of 150 new projects approved in 2025. The city's real estate market has also seen a significant increase in property prices, with the average price of a residential unit increasing by 15% in the past year. According to a report by the Bangladesh Bank, the country's GDP growth rate is expected to reach 8% in 2026, which will further drive demand for housing and commercial space in Dhaka.

So what happens next? With the approval in place, the developers will now begin the process of securing financing and preparing the site for construction. Potential buyers and investors can expect to see a launch event for the project in the coming months, with sales of residential and commercial units expected to begin shortly after. As the project progresses, it will be important for the developers to work closely with local stakeholders, including residents and business owners, to ensure that the development is integrated into the existing community and does not disrupt the local ecosystem. With its prime location and mix of residential, commercial, and retail spaces, this new development is set to become a major landmark in Dhaka's CBD and a hub of economic activity in the city.