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Real Estate Development
By Afnan Rahman
COMMITTED
TO INNOVATE
Bay Developments Ltd. continues
to break barriers in
Bangladesh's real estate sector
The real estate industry of Bangladesh is thriving.
Over the past decades, the land value of Dhaka
and various urban areas has significantly
increased. This prosperity has accelerated the
economic development and industrialization in
the country. With the increasing population, the
housing demand is rising with time.
Consequently, many investors, real estate
developers, and companies are coming forward to
utilise the opportunity further.
Meanwhile, many real estate companies have
utilised the land areas to provide residential space
for the inhabitants. One such real estate company
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December 2021
is Bay Developments Ltd. For 26 years, Bay
Developments Ltd. has been esteemed as the market
leader in high-end real estate. Focusing on innovative
planning and design solutions, Bay Developments Ltd.
executes each project with meticulous detail and
precise analysis.
Twenty-six years ago, Bay Developments Ltd.
embarked on its journey in the real estate industry
with the promise of maintaining and prioritising
quality. The company created its legacy of quality with
well-structured establishments and buildings.
Each of its projects marks a distinct position. The
company operates with the values of creativity,
innovation, growth, and community at its core.
service considering the high-end market demand.
Bay Developments Ltd. offers a one-stop solution
It includes a complete interior fit that is
customizable to a family's needs. Apart from
that, the real estate company also initiated
professional building maintenance and
management. At present, over a dozen of
amenities and features that exist in high-end
Dhaka apartments are Bay's contribution.
Bay Developments Ltd. continues to be a
high-end niche and is a leading real estate
company in product innovations and lifestyle. It
has introduced some groundbreaking ideas like
fire stairs, community areas, open garden spaces,
and standby generators. Moreover, Bay has
inspired several amenities in today's
contemporary homes, generated by the apartments suited for evolving times. Thus, it closely evaluates
company's in-house research team. the consumer's changing taste and behaviour. With the motto,
Besides being efficient and competent, Bay ’Building Our Future Together’, the company adheres to
Development has been exemplary in being sustainability by formulating and incorporating the ‘Building
socially responsible. The company sincerely cares Code’. Hence, its management is flexible and adaptable to
for the needs of the general people. To that end, shifts in consumer motivation.
the company initiated the concept of 'living The increasing price of construction material cost is one of the
wages' over the generally practised 'market major challenges Bangladesh's real-estate industry has been
facing in recent times. It has prompted Bay's research team to
develop solutions to reduce waste and operate efficiently. Some
of its formulations include sustainable and Biophilic
Architectural practice, implementation of Building Information
Modelling (BIM) Design, constant supervision of the market
condition by a skilled Supply Chain Manager, in-depth
supervision and coordination of design and construction for
efficient utilisation of construction materials. Going green has
also been the cornerstone of Bay's design and consideration
philosophy. Hence, it has been implementing more Green
elements in design and construction to contribute to the Net
Zero Global initiative.
Bay Development Ltd. is a distinguished real estate company
as it instils the values of innovation, creativity, and
wages'. As a result, the marginalised urban community. Over the years, it has garnered honour and
reputation by partnering with various corporations to execute
worker can lead a more productive and
meaningful life. Similarly, ‘Edge, The Foundation’ all its heritage projects. Bay Development Ltd. will march
is one of its notable social activities initiated in forward with persistence in innovation and ethics, envisioning
2016. This initiative aims to promote art, culture, a green urban life.
and further education in Bangladesh. ‘A Better
World' is the motto the organisation nurtures to
sustain the necessity of art and education. Some
of the steps taken under this initiative are
education technology, donation and scholarships,
workshops and events, and Grants for the Arts.
Bay's rise to the top of Bangladesh's real estate
industry has been enabled by a unifying effort of
leadership and innovation.
The company believes in adapting and pacing
with time and trends. Since its inception, Bay
Developments Ltd. has aimed to build modern