If we look at the cost side, we would see that 40 percent of the cost goes towards land. As the prices of land are not decreasing, we do not see overall improvement in this particular sector.

Seeing the soaring demand for apartments in Dhanmondi, Bashir Chowdhury, a businessman, wanted to monetise his vacant plot on the banks of Dhanmondi Lake.

Gone are the days when Dhaka city dwellers were satisfied with plain apartments. Home-owners are now increasingly interested in innovative housing with greater facilities.