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FAQ

What is space sharing?

Space sharing refers to the use of space in a building by the Landowner and the Developer. In a joint venture development, space sharing depends on a mutual understanding between the Developer and the Landowner. There is no fixed formula for this and it depends on the land value, selling price of the property, the number of apartment units, and the agreed signing money.

What are the considerations for getting approval of the plan?

In Dhaka, RAJUK and Cantonment board is the final authority for approval of plans and in Chattogram, it is CDA. Plan approval depends on various factors such as building height, whether it is a regular or special project, number of apartments, road-width, the permission of concerned authorities (Civil aviation, traffic, DMP, environment, etc.), conditions of the township planning department, whether it is a leasehold property or freehold property, land status, etc.

How is the distribution of floors done?

Floor distribution is done through mutual understanding between Landowner and Developer. Both Landowners and Developers choose the floors as per the merit or value of the property.

How is the size of the apartment measured?

The size of the apartment is the net floor area of the apartment plus the common areas as specified in the Real Estate Management Act 2010.

When will you take the possession/handover for construction work?

Possession/handover is subject to a mutual understanding between the Developer and Landowner, once again. Generally, the possession for starting construction is required after the plan has been approved by the concerned authority.

When will you take the possession/handover for construction work?

Possession/handover is subject to a mutual understanding between the Developer and Landowner, once again. Generally, the possession for starting construction is required after the plan has been approved by the concerned authority.

When will you take the possession/handover for construction work?

Possession/handover is subject to a mutual understanding between the Developer and Landowner, once again. Generally, the possession for starting construction is required after the plan has been approved by the concerned authority.

When will you take the possession/handover for construction work?

Possession/handover is subject to a mutual understanding between the Developer and Landowner, once again. Generally, the possession for starting construction is required after the plan has been approved by the concerned authority.

When will you take the possession/handover for construction work?

Possession/handover is subject to a mutual understanding between the Developer and Landowner, once again. Generally, the possession for starting construction is required after the plan has been approved by the concerned authority.