The real estate and construction industry plays an important role in the sustainable development of a country, with it being an important sector for the countries physical expansion and economic development. This sector has strong links with human settlements, employment rates, and the environment and it is recognized that the health of the real estate development sector is the barometer of the national economy. Due to the absence in Bangladesh of an appropriate urbanization policy, urban growth and urban development are basically Dhaka centered.
The demand for housing in urban areas in developing countries like Bangladesh is dramatically increasing. Rural people are migrating not only to find jobs but many wealthy people are moving to urban areas to fulfill their expectations of better lifestyle and for enjoying the modern facilities of the city life. This has resulted in a serious crisis all over the country especially in the major cities of Bangladesh.
At present, the real estate industry in Bangladesh has become very competitive. Developers are moving very aggressively to achieve their sales and cash flow targets as well as increase their market share. On the other hand, customers are becoming educated about the current market rate of apartments and therefore it is becoming increasingly difficult for these developers to sell the property.
There is a series of problematic factors in real estate that creates enormous uncertainty that is hindering the entire process. The most difficult job for marketing and sales executives is to create faith in the customer’s minds given customers will always look to find ways to delay their property investment decision. Today, customers have very little trust in developers due to constant delays and uncertainties over projects – developers fail to hand over the plot or flat on time, or to the agreed specifications, and whilst this may be due to a number of different reasons, at the end of the day it is the customers who suffer. Furthermore, despite these delays, customers are frequently disturbed by illegal collections of subscriptions, from government and nongovernment bodies, which affects their perception of the industry. Given there is no direct government supervision in the sector, customers remain in a constant state of insecurity which affects their decision making for investment in property.
In this myriad of troubling scenarios, Bproperty is currently providing Bangladesh with the answer: a one-stop advised solution for handling all the property related issues. Be it for an individual property owner-landlord, rented accommodation or a real estate developer, everyone knows how hard it is to rent or sell property these days. When customers are savvy, they require more than just quality – they need assurance. Customers will look for people who are independent and who they can trust to give them advice on property related questions and issues and therefore it becomes difficult to find the right buyer for the property. Bproperty is providing this answer in Bangladesh.
Bproperty helps both individual property owners and real estate developers to sell the property, providing this service to both residential and commercial properties. By providing all properties in a transparent and trustworthy way on their website, bproperty.com, a customer can look for their desired property, in the area they desire and with the specific property requirements they are looking for and with over 23,000 properties currently on the website, Bproperty has the largest database of properties in the country today. Furthermore, a customer can trust Bproperty given that Bproperty has personally seen and visited every property that is shown on the website, taken every photo themselves, written all property descriptions and understood the right market price for the property. This differs dramatically from the other real estate classified sites in Bangladesh today who provide information based on what the user tells them, which can’t be trusted necessarily, and therefore it is only through Bproperty.com that the buying or renting customer can obtain confidence that they know all the details of each property.
Selling a property with Bproperty has never been easier. A property owner simply has to get in contact with Bproperty who will create an agreement to sell the property, at an agreed price and then begin to promote and market the property to its many daily customers. The seller also does not have to worry about any upfront costs to be paid given that any fees are settled once the property has been sold, giving you the peace of mind that Bproperty is always acting in your interests. Therefore with both buyers and sellers now engaging with the website with confidence, it is easy for Bproperty to match the buyer and seller and complete the transaction, ensuring that both parties meet their objectives and get the best deal possible for that property.
The team of expert advisors at Bproperty will work with both the buyer and the seller to answer any questions they have in relation to the property transaction process, arrange viewings at suitable times and negotiate on behalf of both parties, ensure that the transaction is done in a trustworthy and legal manner and that both parties complete the transaction as agreed. With access to legal advice for both parties, as well as access to financial support through its partners, Bproperty is pioneering a truly innovative approach to buying and selling property in Bangladesh.
Bproperty provides these services to real estate developers to, ensuring that confidence begins to grow back into the industry, benefiting all parties. Real estate transactions have never been easier. By 2019, Bproperty will cover many cities in the country and continually focus on increasing the available inventory it has on its website to sell and rent.
Dhaka City, built during the Moghul Empire and grown with the British rule, is expanding rapidly. From the beginning of the 20th Century, its growth and later development are marked by sheer lack of proper and far-reaching planning. The impact is now being felt at the end of the century. Dhaka City is undergoing terrific growth phase throughout the last two decades. There is no magical solution to the present or future housing problem of Dhaka City. Different sets of policies need to be implemented both at the national as well as the local levels.
Bproperty, Bangladesh’s number one expert real estate marketplace is providing the solution to the country’s real estate needs, ensuring that the interests of all parties today are managed and delivered on.
