Investor confidence is firmly placed in Bashundhara Smart City

The emergence of a well-planned city has reshaped the lives of millions. Bashundhara Residential Area has marked a new milestone in Bangladesh’s urbanization, standing as a symbol of trust for both investors and residents. In Dhaka’s real estate landscape, it has evolved into a key investment hub. Many former landowners became millionaires after selling their property, while developers and entrepreneurs saw returns of up to 300 times by building apartments.

At the same time, permanent residents enjoy a complete urban lifestyle—with access to quality education, healthcare, entertainment, and security—rarely matched elsewhere in the city. Initiated in the 1980s through the vision and determination of Bashundhara Group Chairman Ahmed Akbar Sobhan, the project is now widely regarded as one of the country’s most successful model cities.

From Vision to Reality

A visit to Bashundhara Residential Area reveals a striking contrast to much of Dhaka. Wide roads, tree-lined avenues, spacious sidewalks, and modern architecture define its landscape.

In its early days, many were skeptical about investing in land so far from the city center. However, Chairman Ahmed Akbar Sobhan had predicted that Dhaka would expand northward and that this area would eventually become a central part of the capital.

Today, that vision has been realized. Spanning nearly 20 square kilometers, Bashundhara has grown beyond a housing project into a symbol of modern urban development in Bangladesh.

According to a REHAB official, Bashundhara Residential Area is now the largest and most trusted brand in the country’s housing sector, offering a secure investment destination.

Viduyt Kumar Bhowmik, Deputy Managing Director and Head of Sales & Marketing at Bashundhara Group, said that the area embodies all the characteristics of a modern smart city. He noted that land prices have surged dramatically—from around Tk 125,000 per katha in 1987 to an average of Tk 1–2 crore today, with some plots reaching Tk 3–4 crore—reflecting nearly a 300-fold increase over three decades. Buyers now see land here not only as a place to live but also as a reliable long-term investment.

Smart Development and Ongoing Projects

Several developments within Bashundhara are being implemented by Volume Zero Limited. Its Principal Architect and Managing Director, Mohammad Foyez Ullah, described the area as a central force in Dhaka’s urban expansion, combining planned infrastructure with education, healthcare, recreation, and commercial opportunities.

He emphasized that Bashundhara has moved beyond conventional housing to become a full-fledged smart city, offering safe and profitable long-term investment opportunities. With eco-friendly designs and lifestyle projects comparable to elite neighborhoods like Gulshan and Dhanmondi, it has redefined modern housing in Bangladesh.

Transforming Lives

The development of Bashundhara has brought life-changing opportunities for many. Local resident Khoka Mia, once a farmer, is now a successful restaurant owner in the area. He recalled selling land in 1987 for Tk 125,000 and using the money to start a business. Today, he owns multiple houses and cars.

Stories like his are common. Studies suggest that around 70% of farmers who sold land in the area experienced significant improvements in their living standards—starting businesses, educating their children abroad, and building modern homes.

Rising Property Values

Property prices in Bashundhara have increased sharply over time. Plots once priced at Tk 20–30 lakh now sell for Tk 2–5 crore, while apartment prices have also surged.

Engineer Mohammad Zahirul Haque noted that investments in the area are considered highly secure, with many apartments sold even before official launches. Overseas buyers often book properties based solely on virtual tours.

Businessman Mohammad Saleh shared that flats he purchased in 2015 for Tk 90 lakh are now valued at around Tk 2.5 crore each—demonstrating how the area provides both financial returns and long-term security.

Comprehensive Urban Living

Residents benefit from having nearly all essential services within close reach.

Education and Healthcare:
The area hosts leading educational institutions, including North South University, Independent University Bangladesh, American International University-Bangladesh, International School Dhaka, Viqarunnisa Noon School & College, and others. This ensures quality education options for families.

Healthcare facilities include renowned hospitals like Evercare Hospital and United Hospital, along with upcoming projects such as Bashundhara Medical City and Bashundhara i-Hospital & Research Institute.

Security and Environment

Bashundhara maintains strict security measures, with controlled entry points, round-the-clock guards, and AI-supported CCTV systems.

Residents highlight the clean, organized environment—free from typical urban congestion—with wide roads, greenery, and minimal disturbances from roadside vendors.

Lifestyle and Entertainment

Modern shopping malls, supermarkets, restaurants, and cafés cater to everyday needs. Entertainment options include a cineplex, international-standard fitness centers, sports facilities, and a convention center, with more developments underway.

A Trusted Choice for Investors and Expats

Bashundhara Residential Area has established itself as one of the most reliable real estate destinations in Bangladesh. Developers report strong buyer confidence, with many properties sold even before construction begins.

Non-resident Bangladeshis also favor the area for its security and investment potential, often finalizing purchases remotely.

Recognition as a Model City

Experts view Bashundhara as a successful example of planned urban development. Architect Mohammad Foyez Ullah highlighted its balanced approach to city planning, while Dr. Mahfuz Kabir of BIISS noted its broader economic impact across sectors such as banking, construction, healthcare, and education.

Toward a Smart City Future

The area is now advancing toward becoming a fully integrated smart city. Plans include digital traffic systems, green energy, smart security, and environmentally sustainable initiatives, with full implementation expected by 2026.

Connectivity is also improving, with six metro stations under development—Bhatara, New Bazar, Nadda, Jowarsahara, Bashundhara, and Mastul—ensuring faster access across Dhaka.

Community initiatives are expanding as well, including parks, senior care services, and social programs led by the Bashundhara Welfare Society.

Expansion Ahead

Phase 4 development is underway, focusing on areas around the 300-feet corridor of Purba Chalukendra. Infrastructure such as drainage, security, and utilities is being developed simultaneously, with further expansion planned in the future.

With all smart city features expected to be operational by 2026, Bashundhara is set to strengthen its position—not just as a premier residential area, but as a leading destination for sustainable urban living and long-term investment.