Living in a fast-paced city like Dhaka, owning a flat is a common dream for many people, irrespective of their social status. But for most individuals belonging to the middle or upper-middle-class category, the budget becomes a significant obstacle in realizing their dream. The exorbitant price of flats often discourages people from making such a purchase. If you are also one of those who is facing a similar dilemma and wants to buy a flat without breaking the bank, then you have come to the right place. In this article, we’ll discuss some budget-friendly areas in Dhaka for buying a new flat.
List of Affordable Places in Dhaka to Buy a New Flat
Here are the most affordable places to buy a new flat:
- Aftabnagar
- Badda
- Dakshin Khan
- Mirpur
- Bashundhara
Let’s discuss these areas one by one.
1. Aftabnagar
Aftabnagar, a well-planned area located adjacent to Badda, is emerging as a popular residential hub in Dhaka city. The peaceful and quiet environment of Aftabnagar has attracted significant demand for property in recent times. Despite the growing demand, the price of flats in this area still falls within the reach of middle-class individuals, making it a budget-friendly option.
Currently, the average price per square foot for a flat in Aftabnagar is only Tk 5,800. This means that you can buy an 800-1,200 square foot flat in Aftabnagar for Tk 40-60 lacs, which is a great deal considering the location and prospects of the area. Again, Aftabnagar is situated in a strategic location with easy access to major highways and roads, making commuting to other parts of the city convenient. The area also offers all essential amenities, such as schools, hospitals, supermarkets, and recreational facilities, making it a comfortable and convenient place to live in.
If you prefer a completely residential environment away from the hustle and bustle of the city, Aftabnagar can be an ideal choice for you. With its tranquil atmosphere and affordable housing options, Aftabnagar is undoubtedly one of the most budget-friendly areas to buy flats in Dhaka in 2023. So, if you are looking for properties for sale in Aftabnagar, make sure to explore the available options thoroughly to find the best deal that suits your needs and budget.
Benefits:
- Peaceful and quiet environment.
- Convenient location.
- Affordable housing options.
- Essential amenities.
- Future prospects.
Drawbacks:
- Distance from the city center.
- Limited entertainment options.
- Traffic congestion.
- Limited job opportunities.
2. Badda:
Badda is a popular area for purchasing flats within a limited budget in Dhaka. The location is divided into North Badda, Middle Badda, Shahjadpur, South Badda, Nurer Chala, and Vatara. If you are considering getting a home loan to buy a flat within a limited budget of 30-40 lacs, then Badda is an ideal location for you. Currently, the average per-square-foot price for a flat in Badda is only Tk 4,100, which makes it an affordable location for middle-class individuals or families. With this budget, you can easily buy an 800-1,100 square foot 2-3 bedroom apartment within Tk 32-45 lacs.
Compared to similarly featured areas, Badda offers a better price point, making it a top choice for those looking for a budget-friendly area to buy flats in Dhaka 2023. Again, Badda offers all the civic benefits of nearby premium areas such as Gulshan and Banani. Badda is easily accessible through the Hatirjheel route, which adds to its convenience. The area offers a peaceful and residential environment, with a good balance between city life and tranquility.
Overall, Badda offers a great value proposition for those looking to purchase flats in Dhaka within a limited budget. With its location, civic amenities, and affordable price point, Badda is an ideal location to purchase a flat in Dhaka for middle-class individuals and families.
Benefits:
- Affordable housing.
- Convenient location.
- Good infrastructure.
- Peaceful and residential environment.
- Emerging commercial hub.
Drawbacks:
- Traffic congestion.
- Noise pollution.
- Limited dining options.
- Limited green spaces.
- Limited entertainment options.
3. Dakshin Khan
Dakshin Khan has become an attractive location for those who are looking for affordable flats in Dhaka. The area has many benefits that make it a popular choice among middle-class homebuyers. One of the main benefits of living in Dakshin Khan is its proximity to Uttara, which is a well-planned and developed area in Dhaka. Residents of Dakshin Khan can easily access all the facilities and amenities available in Uttara, such as shopping malls, restaurants, healthcare facilities, and educational institutions.
Another benefit of living in Dakshin Khan is the availability of modern apartments at affordable prices. With an average per sqft price of Tk 3,000 for a flat, homebuyers can easily find a suitable apartment within their budget range. The apartments are equipped with modern facilities such as 24/7 security, parking facilities, and elevators.
Again, the area is relatively peaceful and less congested than other parts of Dhaka. The community in Dakshin Khan is close-knit, which makes it an ideal location for families. The area also has a few parks and playgrounds for children to play in. Overall, Dakshin Khan is a great option for those who are looking for affordable and modern apartments in Dhaka.
Benefits:
- Affordable housing.
- Close proximity to Uttara.
- Modern facilities.
- Good connectivity.
- Quiet and serene environment.
Drawbacks:
- Distance from the city center.
- Traffic congestion.
- Limited entertainment options.
- Lack of greenery.
- Limited public transport.
4. Mirpur
Mirpur is a great place to live for several reasons. One of the biggest advantages is that it is one of the most affordable areas to buy a flat in Dhaka. So, if you’re looking for a flat that fits your budget, Mirpur can be an excellent option for you. Another benefit of living in Mirpur is its self-sufficiency. From shopping malls to hospitals, schools, and colleges, you’ll find everything you need in Mirpur. Again, the area is also home to a variety of restaurants and cafes, making it an excellent place for food lovers.
Mirpur is also a hub of sports activities. The Bangabandhu National Stadium, which is the national stadium of Bangladesh, is located in Mirpur. The Sher-e-Bangla Cricket Stadium, which is the home ground of the Bangladesh National Cricket Team, is also located in this area. The area also has several parks and playgrounds for residents to enjoy.
Finally, Mirpur is well-connected to other parts of the city, making it easier for residents to travel to work or other areas. The area is served by multiple bus routes, and the MRT Line-6 (Uttara-Motijheel) is under construction and will have a station in Mirpur. The area is also easily accessible through the Dhaka-Mymensingh highway and the Dhaka-Ashulia road.
Benefits:
- Affordable living costs.
- Diverse community.
- Proximity to amenities.
- Vibrant food scene.
- Good transport links.
- Cultural attractions.
Drawbacks:
- High population density.
- Lack of green spaces.
- Traffic congestion.
- Limited housing options.
- Crime.
- Limited job opportunities.
5. Bashundhara
Bashundhara Residential Area (R/A) is a planned community in Dhaka, Bangladesh. The area is known for its modern facilities and amenities, including shopping centers, educational institutions, hospitals, and recreational areas. While the flat prices in some of the already developed blocks such as Blocks A to D might be high, there are opportunities to purchase flats in less developed or currently developing areas, such as Blocks G, H, F, I, or J, at more affordable prices.
One of the advantages of living in Bashundhara R/A is that it offers a comfortable and convenient lifestyle. The area is well-planned with wide roads, landscaped green areas, and a range of amenities that cater to the needs of residents. This can be especially appealing to families or individuals who prioritize a modern and organized lifestyle. Again, Bashundhara R/A is located in a relatively central location in Dhaka, which can make it easier to access other parts of the city. The area is also well-connected to major transportation routes, such as the Dhaka-Mymensingh Road and the Dhaka-Ashulia Road, which can make it easier to commute to work or travel within the city.
Overall, if you are looking for a modern and organized lifestyle in Dhaka, Bashundhara R/A might be a good option to consider. With affordable flats available in some of the less developed or developing areas of the community, it can be possible to find a comfortable and convenient home at a reasonable price.
Benefits:
- Modern amenities and facilities.
- Central location.
- Wide roads and landscaped green areas.
- Family-friendly.
- Security.
- Affordable housing options.
Drawbacks:
- Noise pollution.
- Traffic congestion.
- Limited public transport.
- Lack of diversity.
- Security concerns.
Final Words:
While this city is an expensive one to live in, there are still some budget-friendly areas in Dhaka for buying a new flat. Aftabnagar, Badda, Dakshin Khan, Mirpur, and Bahundhara are all areas worth considering, depending on your budget and lifestyle needs. Do your research, consult with a reliable real estate agent, and take the time to explore each area before making a decision.
Bonus part: Flat price comparison in Dhaka
Frequently Asked Questions
If you are buying a small flat, please read this blog- “Things to consider before buying a small flat” to know at a glance what you should check before purchasing a flat in Dhaka. If you want to have a complete idea about how to buy a new flat in Bangladesh, please read our blog- “ A complete guide to buy a new flat in Bangladesh.”
The registration fee for a property depends on its market value. If the market value is BDT 3,000,000 or less, the fee is calculated as 0.5% of the market value. If the market value is more than BDT 3,000,000, the fee is calculated as BDT 15,000 plus 1% of the amount that exceeds BDT 3,000,000.
The total deed value of a property determines the registration fee, which varies depending on the property’s location. If the property is located within a city corporation, the registration fee is calculated as 4% of the total deed value. If the property is located within a district municipality, the fee is calculated as 3% of the total deed value. If the property is located within other municipalities, the fee is calculated as 2% of the total deed value. Please read this blog- “ A complete guide on Property Taxes and Fees in Bangladesh” to know the details.
In Dhaka, the development of housing is restricted by two significant factors: limited availability of land and elevated construction expenses. The cost of construction increases notably with the height of the building, particularly in areas where labor is the primary means of construction.
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Dhaka is not a suitable city to pursue a high-quality life. The air quality is severely compromised, with toxic levels exceeding previous records. Many areas have unsafe drinking water, and daily traffic congestion makes commuting a nightmare. Noise pollution is at an unprecedented level, and the population density is excessively high, rendering the city almost uninhabitable.