Imagine Dhaka as a country. Which location would you consider the capital of Dhaka in terms of location, accessibility, and hub? Most will agree that Mirpur has the qualities to be the capital. In reality, Mirpur covers the largest area by land, and it is well-planned, depending on the location. However, the recent infrastructure developments have made it accessible and convenient for people. Surprisingly, even after the developments, the price of buying a ready flat for sale in Mirpur remains within budget. Considering the current inflation and income, most people hesitate to invest a large amount in buying a flat in Dhaka. For those who still want to invest in having an address are preferring mid-sized and budget-friendly flats. In terms of these investment requirements, no other location comes close to Mirpur.
Price Per Square Foot of A Ready Flat for Sale in Mirpur vs Other Locations
Considering the facilities and convenience, Mirpur provides comparatively lower prices than other locations. On average, a ready flat for sale in Mirpur will cost you around 7000 BDT per square foot. In some other Mirpur locations, the price can go down to as much as 6000 BDT. On the other hand, if you want to buy a similar flat in other prime locations in Dhaka, you need to spend almost double the amount. This is due to the high registration cost and land price of these locations.
Why invest in a flat in Mirpur?
Apart from the pricing of apartments in Mirpur, the location provides a lot of benefits and facilities. Hereโs why you should invest in your next apartment in Mirpur-
Accessibility to Other Locations
Mirpur covers a large part of the central Dhaka. As a result, Mirpur has great accessibility to other parts of the city. With the recent development of Dhaka Metro Rail, you can travel to the southern part of the capital in under half an hour. Additionally, you will have easy access to other prime locations, including Dhanmondi, Mohammadpur, Uttara, Mohakhali, and more.
Developed Area
Mirpur started developing even before Bangladesh’s independence. After the independence, the infrastructure continued to develop, and it was also popular for various attractions such as the National Zoo, Sher-E-Bangla National Cricket Stadium, and many more. As the housing demand increased, Mirpur continued to develop to meet the demand of the residents. The recent MRT stations in Mirpur are the latest addition to the development.
Lifestyle Facilities
A location needs to provide the facilities required to maintain a lifestyle. Expanding over fifty square kilometers, Mirpur is more than sufficient when it comes to lifestyle facilities. You will find hospitals, educational institutions, mosques, restaurants, fitness centres, and recreational spots all over Mirpur. The adequate number of facilities in this area makes it a lucrative option for many people.
Economic Advantage
The competitive pricing of the apartments in Mirpur is the biggest economic advantage. If you want to buy a home, you can save a good amount of money compared to other locations. You can spend that money on your new apartment or just simply save it. Even if you decide to rent an apartment, Mirpur is a popular choice among people, and you will easily find tenants, ensuring steady rental incomes.
Best Residential Locations in Mirpur
From upscale to budget living, Mirpur has it all. The location has both residential and commercial hubs in different sections. However, most of the residential parts are separated from the commercial parts. If you are planning to invest in a ready flat for sale in Mirpur, take a look at these locations:
Mirpur DOHS
If you are looking for a gated community with modern residences and top-notch security, Mirpur DOHS is a great location. Located right beside Mirpur Cantonment, this neighbourhood is very well-planned and has easy accessibility to other parts of the city. Both Diabari and Mirpur-12 Metro Stations are minutes away. The overall calm and disciplined environment of this neighbourhood can be a great choice for living or investing. However, the price of apartments is usually higher than that of other locations in Mirpur.
Pallabi
Pallabi has both commercial and residential parts. The residential part provides various types of homes within budget. Pallabi is located beside Mirpur-12, which is currently a hotspot with recent developments. A quiet neighbourhood combined with one of the central hotspots of Miprur makes Pallabi a great location to buy an apartment. This area also has a Metro Rail station, making commuting easier.
Kazipara
Kazipara is located in Mirpur 10, another central hub of Mirpur. It is connected to Ibrahimpur, Begum Rokeya Sharani and Shewrapara. Kazipara has all the facilities required for a modern lifestyle. Yet, it provides comparatively low-priced flats within Mirpur. There is a Metro Rail station in Kazipara. The current developments, lower price range, and excellent connectivity make Kazipara a great choice for searching for a ready flat for sale in Mirpur.
Mirpur-1
Mirpur-1 provides a mixture of both budget-friendly and high-end residences. This is one of the areas of Mirpur that has been re-developed recently and has excellent modern facilities. Residents have access to large markets, landmarks, entertainment, facilities, and easy commute options. Both classic and contemporary residences are available here to cater to different needs. Getting a house in Mirpur-1 ensures living in the middle of it all.
Mirpur-2
Offering a well-organized and planned residential neighbourhood, Mirpur-2 is a top choice among people for finding a home. It is connected conveniently to the prime hubs like Mirpur-1 and Mirpur-10. There are renowned hospitals, educational institutions, and landmarks surrounding the area. Even though the apartments are a bit pricier than other Mirpur locations, they are still considerable, considering the facilities they provide. This location is most definitely worth shortlisting when looking for a ready flat for sale in Mirpur.
Since the origin of Mirpur, it was a self-sufficient location. The recent developments, including the Metro Rail, have transformed it into a coveted location for both residential and commercial buyers. From iconic landmarks to renowned national facilities, Mirpur works like a heartbeat of the capital. All these benefits while providing great prices for homes. Moving forward, Mirpur will only develop and get more organized. With everything in mind and the potential future price increase, this is the optimal time to invest in buying a house in Mirpur.
Frequently Asked Questions (FAQ)
What is the average Price Per Square Foot of A Ready Flat for Sale in Mipur?
The average price per square foot of a flat in Mirpur is approximately 6000-7000 BDT.
Which part of Mirpur offers the best living conditions?
Locations including Mirpur DOHS, Pallabi, Kazipara, Rupnagar, Mirpur-1, 2, 13, and 15 are great neighborhoods to live in.
Is Mirpur a good location for rental investment?
Considering the high demand for residences in Mirpur, rental investment is a great way to get quick returns.
What lifestyle facilities are available in Mirpur?
Mirpur offers every lifestyle facility, including hospitals, educational institutions, mosques, restaurants, metro rail, fitness centers, and more.
Are apartment prices in Mirpur estimated to increase in the future?
With the recent developments and improvements, apartment prices are expected to increase in the future.