Being one of the fastest growing countries in the world, and a member of Next Eleven, Bangladesh is attracting more attention and interest from investors overseas.
The country is becoming on par with India in terms of economic rise, something that will naturally gain the real estate industry long term.
If you plan to buy property in Bangladesh you’ll find a number of local developers in Bangladesh, but rarely exhaustive and summarized information about them.
Therefore, I’ve written this article where I present some of the top developers in Bangladesh.
1. Building technology and ideas Ltd.
Building Technology and Ideas Ltd., also known as BTI, is one of the leading and biggest real estate developers in Bangladesh. The company established in 1984, at a time when there were only two other real estate developers in the country.
The company was also among a few that established REHAB – the Real Estate Housing Association of Bangladesh, making them pioneers in the industry. They’ve completed hundreds of apartment projects in the last three decades, out of which 13 were completed in 2017.
The head office of the company is based in Dhaka, but they also have an additional office in Chattogram. Property types include mostly apartments under different collections like luxury, classic, and standard apartments.
Most of their projects are small-scale projects containing 10-20 apartments on average. For now, they develop projects in two cities, namely Dhaka and Chattogram. BTI has won several awards in the last few years and achieved an ISO 9001-2008 certification.
In addition to property development, they offer other real estate services like interior design, property rentals, corporate services, and contractor.
On average, BTI develops more than a dozen new projects a year, mostly apartment buildings. Some of their recent projects are listed below:
- The Octave, Hatirpool
- Astoria, Dhaka
- The Palladium, SB Nagar
- Casa Flora, Dhaka
Some of their upcoming projects are:
- Bashundhara, Dhaka
- Royal Oaks, Dhaka
- Green Meadow, Dhaka
- Palm Grove, Dhaka
In total, there are around 45 future projects that they’re working on.
Celebration Point, Plot 3 & 5, Road: 113/A, Gulshan, Dhaka-1212
2. Concord Real Estate
Concord Real Estate is one of the biggest real estate developers in the country that owns dozens of subsidiaries working in real estate and other industries. Some of their well-known companies are (in total they own 15 companies):
- Concord Condominium Ltd.
- Concord Entertainment Co., Ltd.
- Concord Fashion Export Ltd.
- Concord Lands Ltd.
- Jeacon Garments Ltd.
- Concord Engineers & Construction Ltd
- Concord Real Estate & Building Product Ltd.
SM Kamaluddin is the current chairman of the Concord Group, and it’s one of the oldest real estate developers. They’ve operated for the last four decades and have completed more than 1000 projects so far.
In addition to residential and commercial projects, you can find hundreds of infrastructure projects like airports, bridges, and some famous landmarks built under their name.
They’re known for developing Bangladesh’s largest amusement park, Fantasy Kingdom, and for their large-scale projects, like Lake City Concord that was also Bangladesh’s first satellite town.
Concord Real Estate has developed different types of projects during the last 40 years, including high-end luxury condominiums, commercial buildings, mixed-use projects, shopping malls, satellite townships, gated luxury villa townships, land projects, and affordable housing projects.
Some of their recent projects include:
- Asha Concord
- Badal Heights Concord
- Concord Mozammel Villa
- Concord Bithi Villa
- Concord Bari Monjil
Concord Centre: 43 North Commercial Area, Gulshan 2, Dhaka 1212, Bangladesh
3. Nakshi Homes Ltd.
Nakshi Homes Ltd., also known as NHL, is a leading real estate developer in Bangladesh. The company is currently headed by Salauddin Khan Uzzal, acting as managing director.
They develop both residential and commercial projects. Their residential projects include high or medium-rise apartment buildings, they’ve completed five projects so far, currently work on additional four, and have three more planned for the future.
The head office of the company is based in Dhaka, where most of their projects are located, including surrounding areas.
Their under-construction projects include:
- Nakshi Joynal Square
- Nakshi Paradise
- Nakshi Talukder Garden
- Nakshi Heaven
Their upcoming projects include:
- Nakshi Lake Garden
- Nakshi Nasrins Dream
- Nakshi Khandekar Garden
House#17/1(3rd floor), Road#03, Dhanmondi, Dhaka 1205
4. Navana Real Estate
Navana Real Estate is a well-known real estate developer with offices in Dhaka and Chittagong.
They’ve developed a wide range of commercial and residential projects, mainly in Dhaka and Chittagong. Most of their projects are high and medium-rise apartment buildings, but they’ve completed several housing townships projects and office buildings as well.
Navana has built more than a hundred projects, where nine are commercial projects and the rest are residential projects. Most of their projects are small-scale projects, consisting of 10 to 15 apartments.
Some ongoing projects include:
- Navana Sun drops
- Navana Sunnyside
- Navana Silverwood
- Navana Mashiat
- Navana Oakvale
- Navana Trachelium
- Navana Ornello
In total, they’re working on over fifty projects that are still under construction.
They are also planning to develop six commercial projects, as well as around twenty residential projects, at different locations in the near future.
House # 3/A, Road #90, Gulshan-02, Dhaka-1212, Bangladesh
5. Amin Mohammad Foundation Ltd.
Amin Mohammad Foundation Ltd. is part of the Amin Mohammad Group, a big conglomerate that owns several subsidiaries and companies, all working in the real estate sector. Some of the companies they own include:
- Amin Mohammad Foundation Ltd. (AMFL)
- Amin Construction Ltd. (ACL)
- Amin Mohammad Engineers Associates Ltd. (AMEAL)
- Mohammad Properties Ltd. (MPL)
- Amin Mohammad Lands Development Ltd. (AMLDL)
- Mohammad Builders Ltd. (MBL)
- M. Chan Trading (MCT)
AMFL is a leading and well-established developer that was founded in 1993. In the last two decades, they’ve completed dozens of projects. The group was originally founded by Amin Mohammad.
The company develops residential and commercial projects, including mostly apartment projects, but also sell land. They’re known for large-scale projects like Amin Mohammad City, Green Model Town, and more.
The head office of the company is based in Dhaka, but they also have offices in Chittagong and Sylhet. You can find development projects in all major cities, including Dhaka, Chittagong, Sylhet, and Cox’s Bazar.
Some on-going projects include:
- Green Rest
- Evergreen Shafi’s Asha
- Malancha Green
- Green Rowshanara Tower
- Evergreen Kamal
- Green Grandeur
- Green City Regency
- Roza Green
752, Satmasjid Road, Dhanmondi C/A, Dhaka – 1205, Bangladesh
6. Shanta Holdings Ltd.
Shanta Holdings Ltd. is a subsidiary of Shanta Group, one of the biggest conglomerates in Bangladesh. The company started in 1988 as a garment manufacturer and exporter, but soon expanded into other industries as well including real estate.
The managing director and founder of Shanta Holdings Limited is Mr. Khondoker Monir Uddin, who is known as one of the most successful entrepreneurs in the country. He’s also a founder and managing director of STS Group, working in the education and healthcare sector.
The company currently employs more than 200 employees and has completed over 25 residential projects and 4 commercial projects so far, while other projects are under construction.
Some of Shanta Holdings subsidiaries include:
- Shanta Garments Ltd.
- Shanta Industries Ltd.
- Shanta Washworks Ltd.
- GS Chemicals Ltd.
- Shanta Denims Ltd.
- Shanta Holdings Ltd.
- Shanta Securities Ltd.
Shanta Holdings Limited, the real estate leg of the Shanta Group, was founded in 2005. They’ve completed dozens of commercial, residential, and infrastructure projects like schools, industrial units, and hospitals.
They’re best known for their high-end luxury apartments and commercial projects in Dhaka.
They’re currently working on more than a dozen residential and commercial projects, where almost all are medium-rise buildings. Some under-construction projects are:
- Northern Lights
- The Polaris
- The Regal
They’re also planning to launch a dozen new projects that include:
- Forum 2
- Sky Garden
- The Sanctum
Shanta Western Tower, Level 10, 186, Bir Uttam Mir Shawkat Sharak, Tejgaon I/A, Dhaka 1208, Bangladesh
7. Assurance Developments Ltd.
Gaus Uddin Khan founded Assurance Developments Ltd. in 2003 as a residential and commercial real estate developer.
The head office of the company is based in Dhaka, all of their projects are also centered within Dhaka. So far, they’ve completed 25 residential apartment projects.
The company is a subsidiary of Assurance Omni Group, one of the biggest conglomerates in Bangladesh that’s worked in different industries for more than three decades. Assurance Omni Group currently owns the following companies:
- RGR Sweater Ltd
- Isamoti Fashion Ltd
- Sweater Land Ltd
- Galimpur Sweater Ltd
- Moni Fashion Ltd
- Moni Sweater Limited
In addition to real estate development, they offer services for interior design and other post-handover services.
They’re currently working on 12 projects, most of which are small to medium scale medium-rise apartment buildings. Some of the under-construction projects include:
- Rain Forest
- Sultan’s Legacy
- Mallick’s Assurance
- Khalil Garden
ASSURANCE TOWER 65/B, Kemal Ataturk Avenue, Banani, Dhaka-1213, Bangladesh
8. Rangs Properties Ltd.
Rangs Properties Ltd is another leading real estate developer in Bangladesh. The company was founded in 1996, within only two decades it became a well-known brand.
Rangs Properties Ltd is a subsidiary of a big conglomerate, Rangs Group, that was founded by Abdur Rauf Chowdary. The Group currently employs more than five thousand people, making them one of the biggest industrial conglomerates in the country.
The group owns several subsidiaries working in different sectors like real estate, shipping, automobile, pharmaceuticals, and electronics.
Notably, Rangs Group also owns RanksTel, the only private telecom company in Bangladesh.
Rangs properties is known for developing high-end luxury apartments and commercial spaces. They’ve also developed several mixed-use projects that include Rangs Taz Tower and Rangs Eskaton Tower Classic.
All projects are located within Dhaka, where their head office is based as well. Almost all of their completed or under-construction residential projects are apartment buildings. In total, they’ve completed seven commercial and 23 residential projects.
- Marc Residence
- Paradise Point
- Rangs Bliss
- Rangs Fortune Square
- Rangs Khan Residence
215, Bir Uttam Mir Shawkat Sarak, Tejgaon I/A, Dhaka-1208
9. Bay Development Ltd.
Bay Development Ltd. is a big real estate developer based in Dhaka, it’s been operating in the real estate sector for the last two decades.
They’re mostly known for small-scale luxury apartment projects and have completed 18 residential apartment projects so far. In addition, they’ve developed six commercial buildings.
They’re currently working on seven under-construction projects, including:
- Bay’s Nilufar
- Bay’s Aurum
- Bay’s Kinara
- Bay’s Amarantha
- Bay’s Westlake
- Bay’s Azure
- Bay’s Miranda
All of these projects are medium-rise apartment buildings. They’re also planning four more projects in future:
- Bay’s Clearwater
- Bay’s Splendour
- Bay’s Gemini
- Bay’s Bellevue
Bay’s Edgewater, NE (N) 12, North Avenue, Gulshan 2, Dhaka 1212, Bangladesh
Sheltech is one of the biggest real estate developer in Bangladesh, having completed more than 150 residential projects. Almost all of their projects are apartment buildings, but they also sell land. Sheltech is an ISO certified company with a total number of employees of around 3000.
Sheltech was founded in 1988 as a real estate developer, but expanded into other fields like construction and consultancy. They now own several subsidiaries, for example:
- Sheltech Consultants Ltd.
- Sheltech Holdings Ltd.
- Sheltech Engineering Ltd.
- Sheltech Protection Services Lt.
- Sheltech Brokerage Ltd.
- Sheltech Technology Ltd.
- Sheltech Ceramics Ltd.
The company was founded by Kutubuddin Ahmed, who act as the chairman. He’s a mechanical engineer from the start and has acted as the president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) previously.
Notably, Kutubuddin Ahmed was named as the Business Person of the Year by The Daily Star in 2016.
They’re currently working on 12 projects, including:
- Sheltech MRC Garden
- Sheltech Astra
- Sheltech Ayyan
- Sheltech Renu-Kabir Tower
- Sheltech Camellia
Sheltech Tower, 60, Sheikh Russel Square, West Panthapath, Dhaka-1205, Bangladesh
11. Comprehensive Holdings Ltd.
Comprehensive Holdings Ltd. is a Dhaka based real estate developer. They develop both commercial and residential projects that are mostly medium-rise apartment or office buildings.
The company has completed 17 residential projects so far and most of their projects are small-scale projects that consist of 5-20 apartments.
They’re currently working on 39 projects, some of which are:
- Mahamuda Vanessa (8 apartments)
- Anilbindu’s Patricia (9 apartments)
- Raushan Clarissa (15 apartments)
- Mahboob Starwood (10 apartments)
- Thikana (14 apartments)
Their future projects include Analena and Panthaneer.
SIMA BLOSSOM, House No 03 (New), Road 16 (New) 27 (Old), Dhanmondi R/A, Dhaka-1209, Dhaka, Bangladesh