Bangladesh’s real estate sector is growing steadily on the back of the rapid development of the country, rising demand for housing, expanding middle class, and soaring per-capita income. It all started during the 1970s with only 5 registered firms. During the 1980s apartment development got gross acclamation in Bangladesh by the middle-class city dwellers and by the late 1980s it was an established ordinary deal among all levels of income group. At present, the concept of real estate is getting expanded not only around developing apartments but also model cities, shopping malls, major infrastructure, and commercial setup with an elaborate view of high-profit margin.

The housing sector plays an important role in attaining economic stability. It is a big driver of economic growth as this sector has enormous multiplier effects on economic activities this sector contributes to 7.96% in GDP. In addition, the sector also contributed to the national economy through linkage industries, such as MS bar, cement, brick, sand, ceramic tile, paint, and other fixtures and fittings. As per data from REHAB this sector along with its linkage industries contributed about 12% to the national GDP.

It is one of the largest employments generating sectors after agriculture and readymade garments. It also stimulates demand for ancillary industries, for example, steel, cement, tiles, sanitary ware, cable, electric ware, paint, glass, aluminum, brick, building materials, and consumer durables, etc.

Projection from the last population census says that the total housing demand will be 0.8 million units in 2020 and 1.14 million units in 2030. Additionally, every year this sector directly adds to the government revenue (in the form of VAT, registration fee, utility fee, etc.) on an average of nearly BDT 5.0 billion.

Requirement on Property

About 46% potential customers require 3 Bed & 2 Bath configure apartment following by 40% requirement on 2 Bed & 2 Bath. About 11% potential customers require 3 Bed & 3 Bath and about 3% customers require 2 Bed & 1 Bath configure apartment. The people who have 1-2 kids they want to get 3BHK apartments. The small family with 1 kid prefers 2BHK for their own uses.

Profession wise preferred property configuration

The business people are the major & most potential customers for ready-made housing property in the targeted area. The service holders prefer the small & low ranged price property where business people try to get the most facilities in the apartment with best configuration. Maximum 71% business people preferred 71% 2 Bed-2 Bath, and 65% preferred 3 Bed-2 Bath, and 53% preferred 3 Bed-3 Bath configure apartment with reasonable price.

Respondents’ required property size

Most of customers want to have the apartment with less than 1000SQFT. Maximum 29% respondents preferred 800 SQFT following by 21% customers preferred 900 SQFT, 20% preferred 1000SQFT, 11% preferred 600SQFT and 9% preferred 700SQFT size apartment. Some other customers want to have 1200-1500 SQFT but they are very nominal people.

Respondents’ required importance facilities on the property

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