THE "TO LET" MARKET IN BANASREE, DHAKA: A MODERN & AFFORDABLE RESIDENTIAL OASIS

The "To Let" Market in Banasree, Dhaka: A Modern & Affordable Residential Oasis

The "To Let" Market in Banasree, Dhaka: A Modern & Affordable Residential Oasis

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The "To Let" Market in Banasree, Dhaka: A Modern & Affordable Residential Oasis


Banasree, nestled near Rampura in Dhaka, has rapidly transformed from a relatively undeveloped area into one of the city's most sought-after residential neighborhoods. Its planned infrastructure, modern apartments, and relatively affordable rents have created a vibrant "To Let" (rental) market, particularly attractive to families and professionals seeking a balanced lifestyle in the bustling capital.



Key Drivers of Banasree's Rental Market:



  1. Planned Development and Modern Infrastructure: Unlike many parts of Dhaka that grew organically, Banasree is a well-planned residential area characterized by organized blocks and roads. Most of its developments are relatively new, built by real estate developers with modern architecture and amenities. This systematic approach contributes to a peaceful and easy-to-navigate environment.

  2. Affordability with Modern Living: Banasree strikes an appealing balance between modern living standards and budget-friendly rents. While offering updated apartments with contemporary necessities, its rental prices are significantly more affordable compared to central Dhaka or upscale areas like Gulshan and Banani. This value proposition makes it highly attractive to middle-income families and professionals.

  3. Self-Sufficient Neighborhood: Banasree boasts a comprehensive range of facilities within its vicinity. It has numerous educational institutions (schools, colleges), hospitals and pharmacies, super shops (like Shwapno, Meena Bazar, Daily Shopping), brand outlets, fine-dining restaurants, and convention halls. This self-sufficiency reduces the need for residents to commute long distances for daily necessities, enhancing its appeal.

  4. Connectivity (Relative): While a bit further from the absolute city center, Banasree offers good connectivity. Its main road stretches towards the Staff Quarter bypass, which aids in traveling out of the city. For intra-city commutes, it relies on bus services and is relatively accessible to other areas of Dhaka.

  5. Peaceful and Secure Environment: Despite its growth, Banasree is known for its relatively calm roads and a generally peaceful atmosphere, particularly in residential blocks. The Banasree Welfare Society actively maintains security with night guards and police services, adding to its allure for families.

  6. Growing Commercial Footprint: Beyond residential appeal, Banasree is attracting commercial ventures. Many startups, tech companies, and service-oriented businesses rent offices in the area due to its affordable rents and a ready customer base.


Types of "To Let" Properties in Banasree:


Banasree's rental market is predominantly residential, but it also caters to commercial needs:




  • Family Apartments: This is the most prevalent type of rental property. You'll find a wide range of apartment sizes, from 2-bedroom units to larger 3-bedroom and even 4-bedroom flats. These often come with modern amenities like lifts, generators, and good security.

  • Bachelor Seats/Rooms: While less dominant than family apartments, bachelor accommodations are available, especially for individuals working or studying nearby.

  • Commercial Spaces: These include:

    • Shops and Showrooms: Located along main roads and inside commercial blocks, suitable for various retail businesses.

    • Office Spaces: For small to medium-sized businesses, startups, and branch offices.

    • Restaurants and Eateries: Given Banasree's vibrant food scene, spaces for restaurants are in demand.

    • Warehouses/Godowns: Less common within the main residential blocks but available in surrounding commercial or semi-industrial areas.




Rental Trends and Pricing in Banasree:


Banasree's rental prices are considered budget-friendly within Dhaka's context, especially for modern, newly constructed apartments. However, prices vary significantly based on the block, specific amenities, size, and the age of the building.




  • Average Rent (Overall): As per recent data, flat rents in Banasree generally range from BDT 12,000 to BDT 28,000 per month for standard apartments.

  • Specific Examples (as of June 2025):

    • A 2-bedroom apartment around 1000 sq ft might be available for BDT 13,000 - 18,000+ per month.

    • A 3-bedroom apartment of 1100-1400 sq ft could range from BDT 19,000 to BDT 30,000+ per month, depending on the block (e.g., Block E often has listings in this range) and amenities.

    • Larger or highly furnished luxury apartments can command higher rents, potentially ranging from BDT 40,000 to BDT 90,000+ per month, especially for fully serviced or premium units.



  • Commercial Rents: A 900 sq ft commercial property might be around BDT 22,000/month, while a larger 1,800 sq ft restaurant space could be around BDT 75,000/month. Warehouses also vary widely based on size.


Typical rental agreements usually involve an advance payment (security deposit) of 1-3 months' rent, in addition to monthly utility and service charges.



How to Find "To Let" Properties in Banasree:


The most effective ways to find rental properties in Banasree combine traditional and digital approaches:




  1. Online Property Portals: These are by far the most comprehensive sources.

    • Bikroy.com: Offers a vast array of "To Let" listings for apartments, rooms, and commercial spaces in various blocks of Banasree.

    • Bproperty.com: Provides detailed listings, often with professional photos, virtual tours, and agent assistance for residential and commercial properties. They list numerous options in Banasree, including specific blocks like E.

    • TheTolet.com / https://www.google.com/search?q=ToletBD.com: These specialized rental platforms have dedicated sections for Banasree, making it easy to browse different types of rentals.

    • Aabason.com / Pbazaar.com: Other online portals also list properties for rent in Banasree.



  2. Social Media Groups: Numerous Facebook groups cater specifically to "Banasree To Let," "Banasree Apartment Rentals," or "Dhaka Rental Properties." These can be useful for direct owner listings.

  3. Local Brokers/Agents: Many real estate brokers operate in Banasree and possess extensive knowledge of available properties. While they charge a commission, they can significantly streamline the search process.

  4. Traditional "To Let" Boards: Physically exploring the different blocks of Banasree can still yield results, as many individual property owners use "To Let" signs, particularly for immediate vacancies.


Banasree represents a compelling option in Dhaka's rental market. Its blend of planned urban living, modern amenities, strong community feel, and relatively affordable rents positions it as a prime choice for those seeking a comfortable and convenient home in the bustling capital.

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