Land Share Apartment in Dhaka: Affordable Housing with Land Ownership

In a city where real estate prices continue to soar, the concept of a land share apartment offers a refreshing solution for middle-income families and smart investors. Dhaka, particularly in prime zones like Bashundhara Residential Area (R/A), has seen a surge in demand for such housing models.

Land share apartments are not just about owning a flat; you also legally own a portion of the land the apartment is built on. This dual ownership model is rapidly gaining popularity for its long-term investment value and affordability.

🔑 What is a Land Share Apartment?

A land share apartment is a residential flat purchased through a shared land ownership model. In this system:

• A group of buyers jointly purchases a land parcel.

• A real estate company constructs an apartment building on that land.

• Each buyer receives both a specific flat and a registered share of the land.

This concept blends land ownership and apartment living, providing you with tangible assets in one of Dhaka’s most competitive real estate markets.

📍 Why Bashundhara R/A is the Hotspot for Land Share Projects

Bashundhara R/A has emerged as a prime location for land share apartment projects due to several key advantages:

• Planned urban development

• Close proximity to schools, hospitals, and commercial zones

• Higher resale value compared to other areas

• A secure, gated community atmosphere

Companies such as Attica Properties Ltd. are leading some of the most appealing land share projects in Bashundhara, serving the needs of both families and investors.

🏗️ How the Land Share Model Works

Here’s how a typical land share apartment project works in Dhaka:

1. Land Purchase & Share Division

A piece of land—typically ranging from 5 to 10 kathas—is acquired and segmented into a specific number of shares (for instance, 9 shares for 5 kathas). Each share represents a fraction of the upcoming construction. Attica Property Ltd is happy to offer a chance to buy a 5 Katha share in the White Castle Project. There are 9 shares opportunity, making this a special investment opportunity .

2. Registration & Mutation

Buyers register their land share under their name. This gives them ownership rights, including resale and inheritance benefits.In Attica’s land share projects, the land registration process is notably streamlined. Within 30 days, ownership is officially transferred in the buyer’s name. This is facilitated through the Bashundhara authority, which charges BDT5.56 lakh (depend on Bashundhara Authority ) for this service. The fee includes all formalities related to name change, documentation, and legal processing—ensuring transparency and security for the investor.

3. Construction & Flat Allocation

The builder develops the apartment complex according to approved plans. Flat sizes typically range from 1200 to 2400 square feet, depending on the number of shares a buyer holds. For example, holding two shares may entitle you to a duplex or a larger simplex unit.

A great example is the Attica White Castle project in N Block, Bashundhara Residential Area. This premium development features 2050 sqft flats with a luxurious and functional layout. Each floor hosts just one unit, ensuring complete privacy, and there are 9 designated parking spots for residents.

Every flat includes:

• 4 spacious bedrooms

• 4 modern bathrooms

• 4 balconies for maximum ventilation and outdoor views

• A formal living room for guests

• A family living room for everyday comfort

• A well-placed dining area

• A fully equipped kitchen

• A servant room with separate access and utilities

This thoughtful layout caters to both elegant entertaining and comfortable family life—ideal for upper-middle-class families looking to settle in a premium Dhaka location.

4. Handover & Long-term Value

Once completed (usually within 3 years), the flats are handed over to their owners along with legal documents proving both flat and land ownership.

💰 Cost Breakdown: Example from Attica Properties Ltd.

Let’s take a real example of a land share project White Castle by Attica Properties Ltd. in Bashundhara:

• Land Share Cost: BDT 62.50 lac (includes registration, mutation, and Bashundhara fees)

• Construction Cost: BDT54.50 lac (installment-based)

• Total Cost: Around BDT 1,17,00,000 for a 2050 sqft 4-bed flat

• Project Duration: ~3 years

• Booking Amount: BDT 5 lac

This is significantly cheaper compared to standalone flats in the same area which can cost upwards of ৳90 lakh without land ownership.

✅ Advantages of Land Share Apartments

1. Dual Ownership

You own a flat and a share of the land. Even if the building is demolished decades later, you retain your land value.

2. Lower Overall Cost

Land share flats often cost 40–45% less than market prices of similar flats with no land share.

3. High Resale & Rental Value

Flats in land-share projects in Bashundhara often have higher resale value and better rental yield due to location and ownership structure.

4. Transparency

You are involved in the land registration and development process from the beginning, ensuring better legal clarity.

5. Community Ownership

Residents are co-owners, creating a sense of responsibility and unity within the building.

⚠️ Things to Check Before Investing

While land share projects offer great value, make sure to:

• Verify Developer Credibility: Companies like Attica Properties Ltd. are reliable and well-reviewed.

• Check Land Documents: Ensure mutation, layout approval, and registration are clear.

• Clarify Flat Allotment Criteria: Know which share corresponds to which flat.

• Discuss Maintenance & Amenities: Ensure facilities like lifts, generators, and security are included.

🏢 Featured Project: Attica’s Bashundhara Apartment (2025)

Attica Properties Ltd. is currently offering a 9-storied building project named Attica White Castle on a 5 katha plot  N Block with:

• Flat Size: 2050 sqft (4 bed, 4 bath)

• Price: BDT 1,17,00,000 lac (approx.)

• Land Share: 1 out of 9

• Amenities: Lift, CCTV, gym, prayer room, generator, solar panels

📞 Contact Attica: 01711742033 | Website

🔄 Is Land Share Right for You?

If you’re someone who:

• Wants land ownership in Dhaka

• Prefers new buildings over old resale flats

• Has a 3-year investment window

• Wants legal protection on your investment

Then land share apartments are an excellent choice.

It combines the best of both worlds—affordable apartment living with land investment security.

🛑 Final Thoughts

In a crowded urban real estate market like Dhaka, land share apartments present an attractive, affordable, and intelligent way to own a home. Projects by trusted developers like Attica Properties Ltd. in Bashundhara R/A are leading the way with legally sound and financially feasible offerings.

As land becomes scarcer, this model is expected to grow in popularity—making it the right time to invest and secure your piece of Dhaka’s future.