Are you planning to buy a residential plot in BD’s capital? If you are doing then you must know and consider a few factors. You must have a clear idea, knowledge, and planning about Legal and documentation paperwork, Financial considerations, Location & future potential, environmental aspects, and more before you buy a residential plot in Dhaka. Let’s gather a comprehensive idea.

What should I know before buying a Residential Plot in Dhaka

Consider the following aspects before buying your plot in Dhaka city.

Location & Accessibility

The location is very important. Check out its proximity to schools, hospitals, shopping malls, and transit terminals. The less distance from those facilities, the more value and preference your plot would get. Also, easier access to the major roads and highways will hugely impact the value of your plot. If the surrounding roads are paved and wider, and the highways are near, that would be a huge pro.

Zoning & Land Use Regulations

It’s another factor one must have a proper idea about. Because you need to know what sort of land you are buying. There are lands used for various purposes, including residential, commercial, industrial, agricultural, or other. Basically, the residential lands cost more than the agricultural ones but are less expensive than the commercial zones.

Quality of Soil

Must assess the topography of your plot because it will hugely affect the construction costs and design possibilities. Factors like Slopes, elevation changes, soil quality, etc, are all important. They will impact the building’s stability as well as drainage.

Utilities

Facilities like water, gas, electricity, sewage systems, internet connectivity, etc, are a must. So, don’t forget to recheck whether these facilities are available in that area or not. Even if there is a lack of any of those utilities, make sure whether there is a chance to be within the next few months or years or not.

Environmental Aspect

Another highly crucial factor. Must know whether your plot falls in a flood zone or any other hazard zone or not. Waterlogging and air pollution are pretty much common, and everybody would love to avoid them. Check if there is a proper drainage system or not. Plots on comparatively higher ground would be a better choice.

Future Development Scope

Try to research the upcoming development projects in the concerned area. If there is room for any future development, that will make the overall living condition modern and will also increase the property value.

Legal Title and Ownership

Make sure you are purchasing from the real owner, and the deed is clear and free from any issues. If you are buying an inherited land, then ensure every heir has signed off. Leave no stone unturned while checking the title and history of the land.

Resale Value

One should also consider the future appreciation and resale value. Generally, plots in BD have often followed a higher trend, but sometimes there might be an exception. Factors like population growth, economic trends, and infrastructure improvements would impact the future appreciation and resale value of your plot.

Infrastructure

Infrastructures like roads, public transportation, schools, hospitals, and recreational facilities etc will improve the quality of life. Make sure those are within touching distance.

Neighborhood and Security

Security is always prioritized, and the overall neighborhood will impact your lifestyle. A healthy life depends upon facts like community vibe, green spaces, and noise levels. Try to take a look at the neighborhood by attending physically before you confirm your decision to buy the plot.

Budgeting

Try to calculate the overall costing, including buying cost, taxes, insurance, financing costs, etc. Finalize the overall expected cost and match that with your affordability and resources before making the final move. Your budget would mostly determine what sort of land you can purchase and in what type of area. If you are taking a bank loan, you must make sure how much interest you will have to pay and how you will repay those.

Site Orientation

The site orientation means the side your plot is facing. It’s also important to assess because sufficient daylight is important. That will impact your cooling cost and electricity bills, and also the temperature within your house. Generally, the south-facing houses get priority due to Dhaka’s geographical location.

Geotechnical Data

A residential plot means you tend to make an infrastructure on it. So, analyze the facts like soil’s stability, load-bearing capacity, potential for erosion, etc. The mentioned assessment would help to determine the appropriate foundation design as well as construction methods.

Size and Shape of the Land

Generally, an uneven shape is not preferred, and a rectangular or square shape is always the best priority. A larger parcel of land can help you get a huge area, and there will be room for future expansion.

Assess the Local Market Circumstances

Find out if the land price in that area is stable or not. Whether the price is increasing or getting lower.