Online Desk:
There has been a massive shift in urban population towards the outskirts of Dhaka. The increased hype is due to the construction of the new MRT lines, which aim to reduce traffic congestion in the city. People are slowly moving into Purbachal, Diabari, the outskirts of Mirpur, and some remote sectors of Uttara, through which several of these lines pass through. This shift in population provides a huge scope of real estate and infrastructure development around this region, said a press release.
MRT Explained
The formal name of the country’s first Metro Rail Project is Mass Rapid Transit, also known as MRT. One such line connects Diabari with Motijheel, with Diabari being the first station. It is expected to carry 60,000 passengers per hour, which will supposedly reduce congestion in roads connecting Dhaka North with Dhaka South.
Areas around Uttara sectors 15 to 18, around Mirpur DOHS, and Uttarkhan opens fresh possibilities for residential and commercial projects. While there are banks, schools, and other important conveniences available in main Uttara, its outskirts lack these facilities. Other than isolated buildings, small shops, and slums, the areas are largely untapped.
Possibilities For Real Estate
These underdeveloped areas are now lucrative spaces, especially for gated residential projects because of the vast openness, attractive price range, and easier transport facilities offered by MRT. Many famed realtors are jumping in to build community residences to offer some of the conveniences of main Uttara without having to go there. They can simply enjoy the facility within their community. The prices are also quite affordable. A customer can get a wide range of facilities along with a nice apartment. For the same price, one might not be able to afford an apartment within inner Dhaka. Due to customer demand, these homes come with playgrounds, community halls, amphitheaters, mini shops, ATM booths, walkways, pools, and so much more! Following bti, private landowners and other realtors are also preparing homes there.
Mirpur: Another Potential Hub
Mirpur has always had great connectivity to all parts of Dhaka. Now with the introduction of MRT lines, there will be several stations in this area. Pallabi, Mirpur 11, Mirpur 10, Kazipara, Shewrapara, and Agargaon will host future MRT stations. These areas have also become hot spots for real estate.
The MRT line 6 goes through Pallabi and Shewrapara, while MRT line 5 connects Mirpur with Gabtoli, Savar, and Hatirjheel region. A portion of the line also goes all the way to Vatara. As a result, apartment demand has surged here. The new Wellness Communities collection from bti started here, with Royal Pines in Kalshi and Cosmopolis in Shagufta Road, Shopnoneer in Uttarkhan and The Madison in Diabari. The Nest from bti is near the MTR station in Mirpur 10, while the City Lite project is in Pallabi. Those looking for large gated communities could also take a look at Welcome Home and Splendor Mansion on 60 ft Road, just a few minutes away from the MRT stations.
By 2025 prices are expected to soar along with the demand for apartments. There are a total of five proposed metro rail lines that will cover the city to ease traffic between Dhaka North and South. Most rapid construction is going on across the MRT line 6, a 20-kilometer route stretching from Uttara to Motijheel, with 16 stops, some of them located in Mirpur. Construction of MRT lines 5 and 1 are also progressing at a steady rate but slowed down due to the pandemic. The development has prompted many homeowners and real estate companies to create residences along these lines for potential customers who want to live in a transformed suburban Dhaka. With more ongoing development Dhaka’s skyline will be changed forever.
