The sudden silence of Bangladesh’s leading real estate platform Bproperty.com has raised serious questions about whether the country’s first No. 1 PropTech giant has temporarily stopped operations or permanently shut down.

Once considered a game changer in the real estate market, Bproperty transformed how property was bought and sold in Bangladesh. Unlike traditional classified sites, Bproperty managed the entire journey, from listing to final transaction and earned commission from both buyers and sellers.

But over the past few months, the company has virtually vanished and their Dhaka office is closed for a long time.

From Market Leader to Mystery: What Went Wrong?

Bproperty was launched in June 2016 by Emerging Markets Property Group (EMPG), the same group behind Bayut.com in the UAE, Zameen.com in Pakistan, and Mubawab in Morocco. It grew quickly and acquired the rival Lamudi Bangladesh for the strategic expansion.

The company became very trusted for the transparency in property transactions. But trouble began earlier this year when employees reported unpaid salaries for months. Many employees reportedly left due to financial instability.

The company’s official Facebook page last posted in May 2025, announcing a potential strategic partnership with Rupayan Group, one of the country’s largest real estate developers. However, after that, both the page and the website went silent.

What Really Happened Between Bproperty and Rupayan Group?

According to a Dhaka Tribune report, the situation worsened when a major deal between Bproperty and Rupayan Group collapsed. The two companies had signed an agreement in February 2025, where Rupayan was supposed to purchase 60% of Bproperty for Tk17 crore, with Tk5 crore upfront.

However, two large cheques issued by Rupayan’s chairman reportedly bounced, leading Bproperty to accuse Rupayan of “gross financial fraud.”

Bproperty CEO Mark Nosworthy said in frustration:

“We entered this deal in good faith, believing it would benefit Bangladesh’s real estate sector. Instead of support, we faced betrayal.”

Despite Bproperty’s attempts to renegotiate but they didn’t get response from Rupayan.

Nosworthy also warned that such incidents damage Bangladesh’s reputation as an investment destination, calling it “a wake-up call to investors everywhere.”

Website Down, Emails Deactivated, Employees Gone

Adding to the mystery, several users and property buyers posted on Facebook that emails to Bproperty’s CEO bounced back. The company has not issued any official shutdown notice, but their website is already being deindexed from Google, signaling a possible permanent closure.

Many loyal customers expressed disappointment, saying they trusted Bproperty for its professional approach and transparent process. Some alleged they made installment payments but did not receive property registration. However, the number of such complaints is far smaller.

Could Bproperty Have Survived With Better Support?

Bproperty reportedly invested over Tk170 crore in Bangladesh’s property market to bring transparency and innovation. The company often emphasized that PropTech in Bangladesh lacked government collaboration and investor backing, making sustainability difficult.

Nosworthy previously highlighted these challenges, saying:

“Operating a PropTech business in Bangladesh is extremely tough without institutional support or a reliable investment framework.”

Industry insiders believe that even if Bproperty wanted to relaunch, the reputational damage, pending liabilities, and lack of fresh funding make a comeback extremely difficult.

The End of an Era for Bangladeshi PropTech Giant bProperty?

Bproperty was not just a company, it was a symbol of modernization in Bangladesh’s real estate industry. From verified listings to professional consultation, it redefined how urban Bangladeshis approached property buying.

Now, with its digital presence fading and investor ties broken, the question remains unanswered:

Is Bproperty temporarily paused, or has Bangladesh’s largest PropTech venture officially shut down?

For now, the silence continues. But one thing is clear, the fall of Bproperty marks a major setback for PropTech in Bangladesh, and serves as a lesson about the fragile balance between innovation, investment, and local collaboration in emerging markets.