Questions to Ask Your Real Estate Developer Before Buying a Home in Bangladesh
1. Check Developer’s Background
Start with research. Look up the developer’s past projects, delivery track record, and customer reviews. Trusted names like Navana, Shanta, Rangs, and Sheltech have built credibility through years of quality and commitment. Always prefer a REHAB-registered developer for added assurance.
2. Verify Legal Documents
Ask for all legal papers and approvals, including:
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Rajuk or CDA approvals
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Land ownership documents
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Registered power of attorney (POA)
Get these verified by a lawyer to ensure there are no disputes or risks attached to the property.
3. Confirm Handover Timeline
Project delays are common. Ask for a clear handover date, and check if the agreement mentions any penalty or compensation for delays. This helps you plan rent, interiors, and move-in smoothly.
4. Evaluate Location and Connectivity
A good location boosts long-term value. Check the project’s proximity to schools, hospitals, and markets and its connectivity via roads or metro. For example, areas like Mirpur and Uttara have seen property values rise after metro connectivity improved.
5. Ask About Payment Options
Discuss installment plans, loan facilities, and possible discounts or registration fee waivers. Developers often partner with banks like BRAC Bank, DBBL, or City Bank for easy home loans.
6. Clarify Hidden Costs
Before finalizing, ask about:
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Maintenance or service charges
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Utility connection fees
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Parking or association fees
Knowing these in advance avoids future surprises.
7. Visit the Site
Visit the construction site personally. Inspect the quality, layout, and surroundings. Bring an engineer or architect if possible—it’s a small step that ensures a safe investment.
Final Thoughts
Buying a home in Bangladesh requires patience and proper due diligence. A reliable developer will be transparent about legal documents, costs, and delivery schedules. By asking the right questions, you’ll not only find your dream home but also make a smart, secure investment.
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