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.
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.
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.
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.
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.
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.
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.
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.
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.
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