{"id":3081,"date":"2019-10-29T10:05:05","date_gmt":"2019-10-29T04:05:05","guid":{"rendered":"https:\/\/bikroy.com\/blog\/?p=3081"},"modified":"2021-06-25T16:33:10","modified_gmt":"2021-06-25T10:33:10","slug":"uttara-a-great-location-for-property-investment","status":"publish","type":"post","link":"https:\/\/blog.bikroy.com\/en\/uttara-a-great-location-for-property-investment\/","title":{"rendered":"Uttara: A Great Location for Property Investment"},"content":{"rendered":"

Uttara has been part of Dhaka city for a long time. Despite a common misconception, it is not so under-developed anymore, and is actually a great place to live in. With cheaper rent, good schools, availability of popular shops and restaurants and being close to the airport, Uttara really is its own little town. Future projects such as the metro rail system, as well as the development of the Purbachal area will further make Uttara the next hotspot for<\/span> buying flats in Dhaka city<\/span><\/a>.<\/span><\/p>\n

In this article, we will discuss all the great things Uttara has to offer, and why investing in property specific to that area might be a good choice for you.<\/span><\/p>\n

Why Uttara?<\/b><\/h2>\n

In 2018, 9% of all property listed on Bikroy.com were situated in Uttara \u2013 which was the 3<\/span>rd<\/span> most searched for location on the site as well, right after Bashundhara and Gulshan.<\/span><\/p>\n

The reason behind Uttara\u2019s popularity is not as obscure as you might think. Homeowners who are serious about property know that the area has great prospects for investment. Here are some reasons why many city dwellers often decide to move to Uttara:<\/span><\/p>\n

Cheaper Rents and Property Costs<\/b><\/h3>\n

On average, property-related costs are much cheaper in Uttara compared to the central parts of Dhaka such as Gulshan, Banani and Tejgaon.<\/span><\/p>\n

According to our real estate<\/a> infographic<\/a> last year<\/span>, some of the most affordable properties listed on Bikroy were from Uttara, priced at less than 5000 tk per sq.ft \u2013 a drastically lower rate compared to properties in Gulshan listed at a staggering 15000 tk per sq.ft.<\/span><\/p>\n

Not only were the apartments cheaper, they were much larger as well. In 2018, many apartments listed from Uttara exceeded beyond 3000 sq.ft. \u2013 meaning that you could get a luxurious and spacious apartment at a third of the cost compared to the more cosmopolitan areas of Dhaka city.<\/span><\/p>\n

In addition to this, the new policy changes for the housing sector is sure to make investments even more lucrative. The<\/span> 2019-20 fiscal budget plan<\/span><\/a> was designed to pull the property market out of stagnation. There are new plans set in motion to promote investment in the property market by reducing taxation and strict regulations. The current taxation plan for Uttara is as follows:<\/span><\/p>\n

For Flats\/Buildings:<\/strong><\/p>\n