November 2018 | Issue #11
FUTURE Looking Beyond The Horizon: Vision 2021
A Silicon Valley Of Bangladesh’s Own
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Anne Maria Hermans Co-Founder & Regional MD
V o l u m e 1 , I s s u e 11 Dear Reader, Winter is coming, and with it comes the conclusion of another exciting 12 months. With over 80,000 leads created, Lamudi.com.bd has been at the center of connecting home seekers to home owners, and we couldn’t be prouder. We look forward to these two last months to come and hope to reach the total number of 100,000 before the year ends. We are looking forward to not just this last quarter, but have our minds fixed on the long-term vision of this beautiful company in this thrilling, ever-changing country. We decided there could not be a better topic for this issue of Property Now than: “Future”. I welcome you to jump on this journey with us and browse through the pages to see what kind of progress Bangladesh has in sight. Firstly, I would like to give a heartfelt congratulation to Engineer Tanveerul Haque Probal on being awarded the honor of being a CIP (Commercially Important Person) for the 3rd time in his illustrious career. We value your time and effort in providing us an unwavering perspective of the real estate industry. Your knowledge has proven to be endless, and we thank you for your incredible contribution to this issue of “Property Now”. Furthermore, it warms my heart to read of the announcement that Founded By: Lamudi Bangladesh
Bangladesh will receive official ‘Developing Country’ status by 2024. As
Publisher and Managing Director: Anne Maria Hermans
Digital Bangladesh is on its way to change from slogan into reality.
Editors: Tonima Ahad Shadman Hossain Staff Writers: Tonima Ahad Shadman Hossain Graphics Designers: Muhammad Shaher Al Rahman Ahmed Tazeem Tanha
such, positive economic status is one indicator of a prosperous future. To build on the existing backbone of the tech industry is something I believe in strongly. This sector holds endless opportunities, and through innovations allows entire generations to skip and jump ahead. The saying “Technology is the traction of a forward moving nation!” does apply so much. I cannot wait for winter, to be nestled in warmth in the midst of a misty chill and muse about the footprints of a prosperous future we should leave behind of our next generation; a brighter Bangladesh. Once more I thank you, and hope this edition of our magazine will open
Public Relations: Moshiur Rahman
doors to the Bangladesh we all want to see.
Marketing: Sharaf Nawar Brishti
Kindest regards,
Special Thanks to CIP and Engineer Tanveerul Haque Probal
Anne Maria Hermans
06
A SILICON VALLEY OF BANGLADESH’S OWN
20
PADMA BRIDGE: BRIDGING BANGLADESH TOWARDS THE FUTURE
16
Looking Beyond The Horizon:
10
EMERGING TRENDS IN THE FUTURE OF ARCHITECTURE
12
COUNTRY COMPARISON: BANGLADESH AND MYANMAR
LOOKING BEYOND THE HORIZON: VISION 2021 Vision 2021
22
AN EXCLUSIVE INTERVIEW WITH CIP ENGR. TANVEERUL HAQUE PROBAL
26
INSIDE
FUTURE PROSPECT OF NANO GARDENS IN BANGLADESH
28
BUILDING THE CITIES OF TOMORROW
34
SUSTAINING A GREEN FUTURE FOR A GREATER BANGLADESH
38
40
THE FUTURE OF INTERIOR DESIGN
SOLAR EFFICIENCY IN RURAL BANGLADESH
06 / Property Now
© http://www.bhtpa.gov.bd
07 / Property Now
A SILICON
VALLEY
OF BANGLADESH’S
OWN E
very period in history is defined by the mark it leaves behind. The scientific revolution mushroomed roughly during the 16th century. The late 1700s birthed the
industrial revolution, and if the ripples of time surge straight
and true as it has been now, then the 21st century will become synonymous to technological progress. Technology is the ensuring traction of the future a progressive nation can hope for. So why is it important for Bangladesh to have its own technological valley? These technologically centered arenas or tech hubs serve as the future of a country’s growth, particularly at a time period when nations are on the verge of true digital progression.
08 / Property Now The Silicon Valleys of the USA and other prospering countries
Have The Tech Scene In Bangladesh Progressed Over The Past Number Of Years
are fully dependent on the tech
?
T
focused boom. Bangladesh, still he idea behind a tech startup (Silicon Valley) is to build on existing ideas which can
further help with progression of a current state e.g. Bangladesh. The tech valley of Bangladesh could help with innovations
developing under economic indexes, has to implement their “Silicon Valley“ as a modified improvisation on the exisitng concept to benefit the structure of Bangladesh as a whole.
and tech progress to tackle domestic issues of the country - as a result, the
in comparison to the generic idea of a
silicon valley of Bangladesh could for
technological hub. The Silicon Valley of the
its first phase tackle issues that revolve
USA and other prospering countries are
around innovative barriers of Bangladesh;
fully dependent on tech focused boom.
helping the country progress further
Bangladesh, still developing under economic
as a nation, particularly in Asia, and in
indexes, has to implement their ‘silicon valley’
retrospect, the rest of the world.
as a modified improvisation on the existing concept to benefit the structure of Bangladesh
Problems and domestic issues Bangladesh
as a whole. In other words, tech innovations
is facing can be tackled in the long run
would have to benefit the economy and the
by tech hub startups. For example: traffic
people as a collective. Venture capitalists,
issues. The traffic solution is vital for
angel investors are always seeking prospective
Bangladesh, particularly major cities
innovative ideas to capitalize on, and with the
like Dhaka. A private public venture
growing prospect tech scene of Bangladesh,
could solve the issue by providing fully
and the number of startups on the rise
automated services of traffic control. A
domestically, the need to attract investors
New York based startup company founded
from foreign communities to build a better
by 4 Bangladeshi students called Gaze
Bangladesh is vital.
Technology Inc. (a Canadian-Bangladesh innovation startup) created a new AI
As a result, the prospect of the tech scene in
technology which could monitor vast
Bangladesh has a promising future. According
amounts of data in very little time frame.
to Bangladesh Population Census, 60% of the majority is under the age of 24, meaning
The profound beneficial platform
young people add up to the future workforce
Bangladesh can avail by creating its own
of the country. A tech hungry nation, the
technological valley solely focused on
boom of the internet generation has been
an innovation hub is by having all major
met with affluence which has been longed for.
startups and tech companies in one
This in turn can raise the prospect of further
singular location. Areas such as Gazipur,
investments in the country’s overlooked tech
Rangamati or Rajshahi, powered by
situation.
technological proliferation which could serve as the true future Bangladesh
Despite the tech startup scene remaining
requires for evolving up from being
relatively quiet, Bangladesh has experienced
dependent on agricultural cultivation
a latent internal growth of innovative ideas
to an innovative tech dependency.
which have attracted the big fishes to swim
Irrespective of this interpretive approach
out and look for prospective investment.
to Bangladesh’s hypothetical rise in the
E-commerce was the first to experience
future, technology could also aid and boost
and layout a potential boom in the country
the agricultural arena of the country.
which as a result caught the attention of big multinational companies such as Alibaba
The Silicon Valley of Bangladesh however
and Amazon, with the latter slated to start
has to be contrasting in minor differences
operations within 2021.
09 / Property Now
The following trend came at the
opportunities.
hands of ride-sharing startups such as Pathao. These modern tech startups
Silicon Valley Of Bangladesh Can
did not introduce something new to
Also Support The Real Estate
the market, but rather acted upon
Industry
providing solutions to the archaic structures which already existed
The establishment of a Silicon Valley in
in Bangladesh. As a result, foreign
Bangladesh can also benefit the real
investors have started looking and
estate sector of the country. Spectra
bought stakes in local ride-sharing tech
Engineers Ltd. has already helped with
startups.
the construction of the Bangabandhu Satellite Ground Station. If the
IT Sector Prospects In The Long Run
government were to take initiative of a private-public joint venture in creating
There are numerous startups in
a ‘silicon valley’ for Bangladesh, it
Bangladesh with the potential to
would give real estate developers,
bring out venture capitalists or angel
including its sub-sectors a boost which
investor’s attention to the developing
would go well beyond just constructing
economy. These success stories are
housing buildings.
valid reasons for which Bangladesh needs to start focusing on creating
Location Suitable For A Silicon Valley
an innovative tech center, while also financing the education sector,
Prominent Silicon Valley startups
particularly the tech division. The
or locations are always centered in
IT industry of Bangladesh is one
proximity of tech-based universities.
such technological sector with vast
As it happens, Rajshahi is one such
prospects of pushing the country
location which could be the perfect
towards true digitization. According
candidate for a future silicon valley
to a report from the Everest Group,
in the country. Also considered the
IT/ITES (IT-enabled services) industry
educational center of the north, a
in Bangladesh has a five-fold growth
prestigious public tech university
prospect to reach USD 4.6 to 4.8
(Rajshahi University of Engineering &
billion by 2025. Furthermore, the
Technology) already exists. Investing
IT sector already produces over
in existing and future tech based
3000 professionals and with the
universities, centered around a tech
implementation of a Silicon Valley in
hub could help young professionals
Bangladesh, the number could grow,
and create employment opportunities,
boosting employment in the long
boosting the economy.
run with multitude of employment
© http://www.bhtpa.gov.bd
10 / Property Now
EMERGING TRENDS IN THE FUTURE OF ARCHITECTURE
O
ver the recent years, the rise of modernism has been introducing newer architectural movements. We are leaving behind the traditional building
methods and slowly shifting to better and evolved mediums. It is no longer just about sustainability or art. A number of questions arise but the most important one is how can we build a structure that is useful on a daily basis but also connects culture,
?
So, what can we expect from the architecture industry in the upcoming years? Here are some insights from renowned architects and how the structures surrounding us will change our ways of living.
society and science?
11 / Property Now
Experimenting With Unusual Materials For instance, nanomaterials. They are highly complex, still mostly experimental but they will be further developed in the future. The goal is to use high-tech materials which in turn will make our buildings durable, easy to construct and eco-friendly. On the other hand, we are constantly picking up on better innovative ways. For instance, instead of concrete, steel, masonry and timber, repurposing old materials are in. New materials like soilbased structures and using recycled materials like plastic not only saves money and energy but they definitely also have an aesthetic appeal to them. Soon enough, we will start using these materials for mainstream use. Is There Space For Public Domain? The public space vs. private space debate stems up from this question. Over the years, architecture has been
Biophilic Architecture This method of construction is gaining wide popularity these days. Biophilic architecture creates a strong bond between the nature and manmade environments. Studies show that working and residing in similar spaces made people more productive, encouraged children to study better and made hospital patients get a faster recovery. As our lives continue getting urbanized, we tend to lose our touch with nature and light. Biophilic designed structures help us to eliminate the gap between people and the nature and therefore, build a productive and sustainable habitat.
In the big picture, Architecture is the art and science of making sure that our cities and building fit with the way we want to live our lives.
- Bjarke Ingels
recognized as a collaborative concept. So now when a building is under construction, the welfare of the society is also taken into consideration. More thought is put into how the public will be benefitted, i.e. open spaces; maybe there will be parks and recreational facilities built into a condominium complex. This is how the lines between the public and private will fade away and the result will be a peaceful coexisting space. Community-Driven Designs At this day and age when a building is made, the design team includes social anthropologists and environmentalists who work together to create a sustainable, peaceful environment. In the future, we will be able to implement laws and policies and the sole purpose of its application will be to build sustainable nations and provide a better quality of life for the people.
Holistic Designs Holistic approaches enable architects to built structures in a way that is interconnected with the larger part of the world. Not only does it benefit our mental and physical health but it has the ability to make a positive impact on our spirituality as well. The power of architecture is that the way people can be directed by it. It raises questions like, ‘does this building enrich the lives of its residents? Does it make the others want to interact with it somehow?’ Tranquility, balance and the relationship with our surroundings are what holistic architecture is about. By supporting our inner and outer senses, we can improve our earthly links instead detaching from it.
12 / Property Now
COUNTRY COMPARISON:
BANGLADESH AND MYANMAR A COMPARATIVE OVERVIEW BETWEEN TWO NEIGHBORING NATIONS
T
Bangladesh
Myanmar
Population
164.6 million
55.1 million
Capital City
Dhaka
Yangon
Size of the Country GDP per capita
147,570 km² $1,400
676,578 km² $1,300
GDP growth
7.2%
6.1%
Trade Balance
0.6%
1.3%
he science behind economics is structurally uniform; statistically complex and diverse, the frame work is used for measuring a country’s economic condition. Bangladesh, a small gem, tucked away at the clasp of the South Asian belt where the Bay of Bengal lies, remains an economic clandestine which is progressively transitioning into a future
giant. Myanmar in contrast, is the neighboring contender which is also moving towards advancement. As these nations rise against the tides towards development, here is a comparative overview between the two aspiring underdogs.
B
angladesh’s tremendous growth over the past 3 years have been surprising for many experts, who claim a
M
yanmar on the other hand, having finally come off post-militia rule in 2016 and now operating under a
country, riddled with political instability, poor
neutral government, has been facing economic
infrastructure and a growing overpopulation
barriers similar to that of Bangladesh. The
issue, has been progressing gradually in
developing nation cannot seem to overcome
certain economic indicators. However, in
and gain positive economic indicators needed
spite of such economic barriers, Bangladesh
for growth. Irrespective of the much needed
has prospered and is triggered to be one
reformed internal policies and stronger
of the upcoming rising economies of Asia,
foreign relations, Myanmar holds decent
particularly in hindsight of its independence
prospects as an agricultural and tourist
just 47 years ago.
attraction country.
13 / Property Now
Comparison Of Social Growth
merchandise exports. The Bangladesh government is already drafting policies
This is the one sector area where
to attain a $5 billion export target by
Bangladesh is growing exponentially
2021.
in contrast to most South or South
Myanmar however is on the verge of
East Asian countries. Coming in 47th
experiencing shutdowns within the
position among 144 countries in 2017
leather industry. According to reports,
as per The Global Gender Gap Report,
due to frequent changes in government
Bangladesh has instilled the concept of
policies, low productivity resulting in
empowering women to achieve steady
declining purchase orders from foreign
progress in gender equality. On the
countries are making it difficult for
other hand, women in Myanmar still
shoe and leather factories to survive.
face many social challenges, including discrimination, sexual harassment,
Thus, the staple of growth first
Geographically situated to be scaled
gender-based violence, education
begins with nurture, and as the
on the central-scaled theory, both
inequality, employment, as well as
seeds begin to form, nature will do
Bangladesh and Myanmar have the
marginal representation in politics and
the rest. Two neighboring nations,
geological advantages of being a
at decision-making levels.
Bangladesh and Myanmar, and their
strong agricultural economy. Despite Myanmar’s land mass area being vastly
respective economies of present Overview Of Industry Prospects
bigger than Bangladesh, the former
and the prospects of the future lay in the nurturing of the policies which
has not been able to properly utilize
The leather industry of Bangladesh
shapes the economy. Statistically,
the nation’s economic stronghold
is being touted as the next cash cow
Bangladesh is strategically ahead of
to progress further as a country.
for the nation. In terms of export
Myanmar in terms of most economic
Bangladesh however, over the last few
development, the leather industry
indicators. If going by these statistics
years have gained various economic
holds virtuous promises. In 2017, the
can hypothesize the future, then
growth statuses and in continuing
collective value of leather and leather
Bangladesh, surprising as always, will
doing so, have reflected success very
based products from Bangladesh
be the future face of Southern most
little developing nations do so in little
garnered $1.2 billion, which accounts
Asian countries, and maybe even all of
span of time.
for the 3.54% of the country’s total
Asia, and eventually the world.
SOUTHERN LIGHT
FLAT SIZE 1800 SFT FOR SALE +8801796520050 +8801796520051 Plot- 333 | Road- 17 | Block- E | Bashundhara Residential Area | Dhaka
16 / Property Now
LOOKING BEYOND
THE HORIZON:
VISION 2021
17 / Property Now
T
his issue of Property Now is all about gazing beyond the
horizons and towards the future. For the last decade, Bangladesh has been drafting the nation’s new face, and it has all come together in the Vision 2021. Over the past 3 years, Bangladesh has slowly gained international recognition showcasing significant growth
Bangladesh’s unexpected but much needed economic prosperity comes with a vision. By 2021, the country plans to complete 12 points vested in their economic growth proposal.
and prosperity. According to Forbes, Bangladesh is expected to cross even one of the mightiest of economic giants in terms of GDP; the US.
How Close Is Bangladesh To Achieving The Perspective Plan 2021 By 2024, Bangladesh is slated to officially achieve the “Developing Country” status. If and when Bangladesh achieves their prospective vision plan, the
The Need For Further Progress
growing urgency will become a regiment for the nation’s socio-economic strife. Bangladesh, in fact has already received international recognition
Bangladesh is not a giant when compared
when it came to women empowerment and tackling poverty. Over the last
with the likes of China and India, or most
5 years, the internal growth of Bangladesh, particularly in the nation’s rise
other Asian countries. Traffic, pollution
in proper infrastructure has eased the standard of living, only if by little.
and off-putting government regulations
Should the government play a role in subsidizing the other industry such as
are holding back the truest potential
leather and fisheries, Bangladesh could be looking at the next cash cow for
Bangladesh can achieve in the next decade.
the economy.
In spite of specific negative economic indicators, Bangladesh has progressed
Having achieved these indicators, Bangladesh has formidably and
quite well in some sectors, particularly in
unexpectedly grown and ticked off most of the proposed plan ideas from
terms of Gross Domestic Product (GDP).
the prospective plan of Vision 2021. Though there has been skepticism
Having set in motion and implementing
from experts across various industries if the 12 point vested plans can be
the Perspective Plan for the next 3-4 years,
completely achieved within the next 3 years, statistically, Bangladesh has
Bangladesh has been set on the road to
the potential to grow beyond the 2021 plan proposed by the government.
transform itself into a socio-economic
As emerging market economies persistently drives global growth,
atmosphere, particularly in regards to
Bangladesh is one such market, specifically in Asia. Statistical study and
being a middle income nation by the said
reports conducted by PWC (PricewatershouseCoopers) shows Bangladesh
date and time.
by 2030 could be one of the top 10 economies in the world.
47 years since its independence, Bangladesh has fallen relatively behind in economic fallacy in contrast to some of the neighboring countries. In 2017, according to an international economic census conducted by Business Inquirer, Bangladesh ranked the lowest in terms of countries in Asia “worst for doing businesses” in. Irrespective of these setbacks, Bangladesh, for surprisingly obvious reasons on some economic indicators, seems to be excelling, most notably when it comes to Gross Domestic Product and Women Empowerment.
?
But how does this perspective end up in Bangladesh’s future prospects
18 / Property Now
Key Areas Where Bangladesh Is
10.4% of Bangladeshi bank accounts
Progressing
are having been dormant, compared to
across the sub-sectors of the respective industries further is imminent.
nation particularly in Asia, the need to increase female labor force participation
In spite of Bangladesh’s growing recognition for being a women empowering
that of 48% of Indian bank accounts. According to the index created by the
Bangladesh’s indispensable investment
World Economic Forum, Bangladesh
in ICT sector of the economy is
has ranked 47th as per the Global
gradually beginning to show. Along
Gender Gap Report amongst 144
with the recent launching of the
countries in 2017, far ahead of
country’s first satellite into space,
neighbors India, Sri Lanka, Nepal,
Bangladesh is on the verge of a
Bhutan and Pakistan; countries which
technological uprising.
remain at 108, 109, 111, 124 and 143 positions respectively. At least
Key Challenges Bangladesh Faces
half of the population in Bangladesh
Ahead Of Their Long Term Economic
consists of women and their economic
Visions
contribution is growing. Bangladesh has also introduced
As of present, Bangladesh has quite
poverty reduction in their 2021
a long way to go in terms of apt
Perspective Plan. The national poverty
economic growth. Despite hitting
rate has gradually fallen in both rural
positive indicators on key factors
and urban areas. Over the last 16
which promotes a country’s growth,
years, the rate of poverty has fallen
Bangladesh still faces socio-economic
from 50 to 10%. Though Bangladesh
barriers which could hinder the
continues to reduce its poverty rate,
country’s long term growth.
the speed of reduction was much
According to the Bangladesh
slower in urban, largely because of
Development Update report by the
slower rates of poverty reduction
World Bank, the country needs to
in Dhaka and increasing poverty in
further develop infrastructure project
Chittagong. This is due to the increase
management, strengthen and maintain
in urban population, particularly in the
regulatory structure, in order to
capital.
improve business environment.
Earlier in October, it was reported that Bangladesh is taking the initiative
In doing so, Bangladesh can break
in introducing ATVMs for the railway
into new markets by creating
express. These machines will only be
employment opportunities to cater
used as information booths for the first
to the two million young people
phase. The passengers are expected
entering the job market every year.
to get to know about a train’s location,
Moreover, Bangladesh needs to
ticket prices, and seats, as well as other
create more products and develop
relevant information, which includes:
the latent industries, to boost the
Bangladesh Railway and train services,
sub-sectors in the country. In creating
buses, hotels, and restaurants. This
a distinctive economy, Bangladesh
initiative goes to show Bangladesh’s
can subsequently earn an estimated
desire in paving the way for proper
5 billion dollars from export just
digitization which neighboring
by the ICT sector. However, there
countries, particularly in Asia, like Japan
seems to be a lacking when it comes
and China have already implemented.
to skilled human resources and the
Furthermore, a data released by the
gap between educational institutions
World Bank shows Bangladeshi adults
and the industrial sector. Additionally
with bank accounts accounted for
Bangladesh has to also tackle the
34.1% digital transactions in 2017, in
banking sector’s poor risk practices
comparison to the average rate of
through firmer supervision and
27.8% for South Asia. Moreover, only
improve the legal and financial
19 / Property Now
framework for loan recovery and
be undertaken by Bangladesh. The
the past as to Bangladesh’s direction,
assistance. 57% of Dhaka city’s middle
country has yet to appropriately
there should not be as of present.
income and lower middle income
introduce carbon taxes, tobacco taxes,
True, Bangladesh has socio-economic
population are forced to stay out of
and rationalize tax incentives and
difficulties to deal with in order to put
the housing market since financial
exemptions.
rest to internal strife, but in retrospect,
institutions are reluctant to provide
which country doesn’t. It is neverthe-
them monetary assistance.
In spite of Bangladesh’s growing recog-
less a wonder Bangladesh, despite all
Furthermore, measures to ensure
nition for being a women empowering
such odds, continues to break visionary
revenue buoyancy, by improving
nation particularly in Asia, the need
barriers step by step, in pursuit of im-
proper administrative processes,
to increase female labor force partic-
maculate economic prowess, in hopes
increased caution on the monetary
ipation across the sub-sectors of the re-
of achieving their vested perspective
policy stance needed on growing
spective industries further is imminent.
goals.
concerns for rising inflation must
If there was any shadow of a doubt in
In Search Of A Vision For A Prosperous Future What began as a slogan which soared in unison throughout the country, ‘Digital Bangladesh’ grew larger than anyone could have anticipated. Bangladesh has strategically created a 12 point vested plan which is expected to methodically improve the economy greatly for the better. • INSTITUTIONAL FOUNDATIONS OF STABILITY AND PROSPERITY • TOWARDS MIDDLE INCOME ECONOMY • STRATEGY FOR FOOD SECURITY: AGRICULTURE AND RURAL DEVELOPMENT • INDUSTRIALIZATION IN A COMPETITIVE WORLD • OPPORTUNITIES FROM GLOBALIZATION AND REGIONAL COOPERATION • TOWARDS A DIGITAL BANGLADESH BY 2021 • ENERGY SECURITY FOR DEVELOPMENT • TRANSPORT AND COMMUNICATION FOR THE FUTURE • ADDRESSING THE URBAN CHALLENGE • PROMOTING HUMAN DEVELOPMENT • ADDRESSING CHALLENGE OF POVERTY ERADICATION • ENVIRONMENTALLY SUSTAINABLE DEVELOPMENT
20 / Property Now
PADMA BRIDGE: BRIDGING BANGLADESH TOWARDS THE FUTURE
21 / Property Now
O
n the edge of the
Overview Of The Padma Bridge
between the two regions. On the
infamous Mawa bank,
Construction
south west region of Bangladesh, ports and factories are already being
where the rocky
rubbles greet the majestic
As of June 2018, the construction of the
constructed without easy access to
Padma River lays the heart of
Padma Bridge was 56%, according to
the capital. The port at Payra, where
Bangladesh’s answer towards
project director Md. Shafiqul Islam of
a shipping and deep-sea port is being
a bold perspective; The Padma
Padma Multipurpose Bridge. The 6.5
constructed will boost the trade of the
Bridge. The Padma Bridge
bridge construction was inaugurated to
country in the long run. As of present,
is more than just a mere
begin by Prime Minister Sheikh Hasina
due to non-connectivity between the
bridge providing long needed
to be the one the biggest infrastructure
south western regions and the north
connectivity between the north
mega projects in Bangladesh’s history.
western regions, domestic trade route
and south. It is a bridge which
The Padma Bridge is a multipurpose
undertaken by services tend to incur
will connect Bangladesh’s
road-rail bridge built across the Padma
high transportation costs. As a result,
economy to the prospective
River which aims to connect the south-
this specific trade route will serve as a
future it hopes to achieve.
west of the country, to northern and
cost-cutting component for industries.
eastern regions. Travel routes across these locations have been dealt with
Future Impact Of The Padma Bridge
through in-land water passageways
On Real Estate
through cargo ships and road routes. The completion of the bridge will
The completion of the Padma Bridge
provide a great economic boost and
will benefit the real estate industry
easier mobility between regions.
heavily and impact the future of property market across both regions. The connectivity will open up real
Economic Benefits Of The Padma
estate across the Padma River,
Bridge
particularly for real estate developers looking to invest in regions where
The mega project is said to transform
trade will be bolstered by the economic
the economic outlook of the regions,
projects being developed.
and in hindsight Bangladesh for the
Economic zones being established in
better. Provided that the Padma Bridge
the south-west are expected to create
is completed in due time as set out by
newer employment opportunities
the government, the southern region
in the region. When successfully
will become an economic zone after
implemented, more and more
opening.
industries will begin to grow and as a direct result, further housing
According to reports, the government
options will become a necessity. The
is optimistic about the chances the new
Padma Bridge thus will open up real
mega structure could provide; boosting
estate across the south-west and give
the GDP of the country by 1.2% when it
developers more opportunities to
is completed. When the two regions are
expand investment in the said regions.
linked, this will lead to the creation of
In addition to the creation of economic
economic zones and newer industries.
zones, more jobs and employment
Bridges create and increase cash flow
opportunities will be created, which will
for the economy. In Bangladesh, the
positively affect all sectors including its
connectivity will mean the movement
sub-sectors. If the long run implications
of goods from one place to another
of the completion of the bridge results
and providing consumers accessibility
in a rise in employment rate and
to regional businesses.
purchasing power in those specific regions, the real estate sector could
This is significant considering
expand its operations beyond the
Bangladesh’s dire need of accessibility
Padma River.
22 / Property Now
AN EXCLUSIVE INTERVIEW
WITH CIP ENGINEER TANVEERUL HAQUE PROBAL Inside the mind of a true visionary lies the unbridled wonder of progressive thinking, and only with such thoughts can a person alter the facets of society. Former REHAB President and present Managing Director of Building for Future Ltd,
Engineer Tanveerul Haque Probal is one such visionary, who continuous to be a pillar behind the incessant success of the real estate sector. Having being nominated and awarded the CIP for the 3rd time in his career this year, Lamudi gets up close and exclusive with one of the most esteemed corporate figures of Bangladesh.
23 / Property Now
aid us in this department, I think we would be
Evolve In Bangladesh?
able to complete projects a whole lot faster.
I believe the future of real estate in
Do You Think The Real Estate Sector Has
Bangladesh has good prospects, particularly
Been A Contributing Factor To The GDP Of
because everything is being gradually
Bangladesh And How?
decentralized. A lot has changed in a very short span of time. Infrastructure
If there is a crash in the real estate market,
development is on the rise. Elevated express
then the entire economy will crash. See, the
ways, metro rails and train services are being
real estate sector comprises of many sub-
transformed for the better.
sectors in the economy. It is aided by various
In light of these developments, the commute
industries like cement, rod, brick, tiles, paint,
will become easier and as a direct result,
glass, sanitary wares, electrical fittings and
real estate will grow and stretch out beyond
so on. There are multitude of sectors which
Dhaka city to the outer districts. Supporting
has direct ties to ours. Moreover, these sub-
sectors of the real estate industry will also
sectors employ a good portion of the labor
mature. Furthermore, the electricity sector is
force in the economy. So yes, I do believe
being developed, and when power reaches
that the real estate sector has always been
beyond the outskirts of Dhaka city as it is
a contributing factor to the Bangladesh
now, people will become more confident
economy. Real estate sector is the only sector
about investing in real estate outside Dhaka.
which guides all the sectors.
What Challenges Do You Foresee For The Real
Registration Fees On Buying Homes Have Been
Estate Sector Going Forward And How Do You
Constantly High Over The Past Several Years In
Think They Can Tackle It?
Bangladesh. What Kind Of Impact Does It Have On The Market Overall?
Real estate like many other products and services has challenges to overcome. See,
Yes, registration cost is a very important
real estate is like a machine; raw materials
issue and has a bad impact on this market.
go in, and come out as a product or in
This cost varies from 14% to 20 % or even
other words, an apartment. I perceive raw
more depending on the location and nature
materials as the biggest challenge when
of the product. The components of this cost
it comes to real estate and the basic raw
consists of stamp cost, registration fee, VAT,
material of real estate is “land”. If you don’t
gain tax, local government fee etc. When the
have land, what are you going to do with
size of an apartment is more than 1600 sq.
cement, what are you going to do with rods
ft., the registration cost increases compared
and so forth.
to smaller flats. Also the registration cost is
The government has already declared that
different and higher in case of commercial
you cannot develop housing on plantation
spaces. Furthermore, for a lease hold land
areas, yet you see across the country the rule
like Uttara, Banani, Gulshan etc., there is
is not being followed. So in order to tackle
another cost called “transfer fee” which also
this problem, a Detailed Area Planning is
adds with the registration cost. If we compare
required on a macro-scale perspective.
these costs with other countries of the world,
If we delve deeper, on a micro-scale, a
our cost is very high. Even in the neighboring
challenge which still exists for developers
SAARC countries this registration cost is
is that they have to go through many
within single digit. To encourage the real
departments before starting a project.
estate sector, earlier in Sri Lanka the cost was
There is no one stop service centers by
kept nil for some time.
the government which makes it difficult to
Another very import issue is the secondary
complete the project, particularly when we
market which is not growing due to high
have to go through all 12 departments. So if
registration cost. When we buy an old and
the government were to take an initiative to
used car its registration cost will be much
INTERVIEW
How Do You See The Future Of Real Estate
24 / Property Now
lower than that of the new one. But if we buy an old and previously registered apartment from a buyer, the
“
registration cost is same as before. This is a big hindrance against growing a secondary real estate market.
Do You Think The Real Estate Sector Can Help The Government Achieve Environmental Sustainability As Part Of Their Vision 2021? In all honesty, there is a stigma over the media that the real estate sector, particularly developers, when they create the buildings they somehow damage the environment. See in 2010, there was an initiative by the
How Do You Think The Real Estate
Market Overall Will Be Affected In The Long Term If Construction Materials Costs Keep Rising?
There is no doubt that construction
cost is high and increasing, and we are
all facing its impression. When we take on a new project, we do the necessary
design & drawings, take approval from the authority, do the estimate based
on our design and soil condition and
government called FAR (Floor Area Ratio). When it was implemented, the country did achieve a sense of sustainability. However high you go, the area of construction has to be the same. As a result, it provokes better planning of air passageway throughout the buildings. The value of FAR depends on the size of land and the width of front road. The higher the value of FAR, the more will be the construction area irrespective of how many floors we construct.
Aside from that, I believe that LEED buildings need to be implemented and certified. These buildings are expensive to construct. So if the government can encourage the builders by subsidizing the yearly taxes and by giving reduced rates for the utility services etc. for the developers, I believe we can aid the government in creating a sustainable environment.
afterwards fix a price of the product. The construction period varies from
24 months to 48 months depending on the volume of the project. The prospective customers book their shop/flat/office space and keep on paying their installments according to the agreement. But during that
construction period, if for whichever reason the cost of any material
increases, the estimate changes as well as the price. But the developer can
T
he Real Estate sector is the only sector that guides all the sectors
hardly go for a revised price where they already took the booking and receiving
Because the price of land is very low
projects, Motjheel can recover its
installments from the purchasers.
for the government, they could further
status again.
So, a sudden price increase of
lower the price. In case of private
construction materials is a very
developers, we have no access to
On A Scale Of 10, As How Would
dangerous issue for any developer
cheaper lands and thus our price per
You Rate The Real Estate Market
which is not desirable.
square feet is much higher.
Performance For The Present Year In
What the government can do is
Comparison To 2017?
From The Perspective Of A CIP, What
develop the road connectivity, install
Kind Of Initiatives Can The Government
necessary utility services and offer the
In my personal opinion, in comparison
Provide In Stimulating The Real Estate
private developers a reasonable price
to 2017, it is somewhat better. But
Sector, Which In Turn Can Benefit The
for the land. In this way the real estate
as the upcoming elections are on the
Economy As A Whole?
will grow. There was once a time when
horizons, the sector could face a fair
Motijheel was the major commercial
share of stagnancy. In my experience
Firstly, the government should make
hub. But due to the development of
from what I have observed, whenever
land availability and acquirement
other commercial areas like Mohakhali,
there is a stable government and
formalities easier for the developers.
Karwan Bazar etc. Motijheel lost its
political environment, the real estate
The government has undertaken a
commercial character. However the
sector will be good.
project in Uttara where the price per
good news is due to the up-coming
square feet is BDT. 5,000 to BDT. 6,000.
elevated expressway and metro-rail
26 / Property Now
FUTURE PROSPECT OF NANO GARDENS IN BANGLADESH I
magine a future of green clean prosperity, where progress is powered by an eco-friendly atmosphere. In the age of development and innovation, the world is beginning to shift towards green sustainability in all aspects of life. Bangladesh, the developing tiger of
South Asia, can be the next country to experience the sprouting gem of indoor gardening, or what the experts are now deeming as Nano Gardens.
27 / Property Now
What Is A Nano Garden? The concept behind a Nano Garden was first conceived during the 80’s when chefs would construct their own micro garden to cultivate vegetation to be used in the kitchen. Over the decades, the practice of growing one’s own vegetation through micro gardening has evolved. Over the course of the early 21st century, scientists have implemented modern techniques to revolutionize the indoor gardening methods through devices which can benefit home dwellers. The real perk of owning your own micro garden is that it gives you the freedom and control of growing herbs, vegetable and flowers. In 2014, SproutsIO, a conception of founder Jennifer Broutin Farah is the brainchild of modern indoor gardening. Throughout the decade, many startups have come up with their own form of micro gardening setup. A group of companies, Hyunjung Lee, Jaeyong Park, Changjin Shon and Seulki Park of Hyundai Engineering and Construction in South Korea; and Ill-wong Kwoon of Gromo, took micro-gardening to the next level with Nano Garden, a micro gardening unit which is about the size of a refrigerator and fits inside every kitchen, in every home. How Nano Gardens Work? The process behind a Nano Garden is very simple in terms of operation. The device or pod where the plants will be set is built to an automated light source which can be controlled from the smartphone. Features are provided to ensure quality control over size and even taste over the produce. The built in light and watering system complete environmental control over the garden.
H
ow can Nano Gardens Be Implemented in Bangladesh? Nano Gardens or Micro Gardening has been gaining tract in the western world, particularly over the
last 5 years. Its practical applications can be beneficial to the people of Bangladesh not just in adopting the green lifestyle but health-wise most importantly. By micro gardening, Bangladeshi citizens have the potential in adopting a healthy lifestyle, particularly when it comes to food habits. Being an agricultural country, vegetation is plentiful. However, the underlying issue of spraying vegetation with formalin as means of preservation is in the long term an unhealthy situation for the people of Bangladesh. The introduction and implementation of Nano Gardens thus can prove to be the best long term solution Bangladesh needs for the future generations. The ability to grow and control one’s own desired vegetation could be the best solution for a healthy lifestyle. For a healthy heart, and healthy living, the seeds of growth should begin at home. The concept of Nano Gardens is just the solution Bangladesh needs to adopt a green and healthy lifestyle. In doing so, growing the vines for a fertile future begins with adoption and at the heart of a green revolution lays Bangladesh’s evolution.
28 / Property Now
© Jakob Montrasio
BUILDING THE CITIES OF TOMORROW
R
ome may not have been built in a day, but the greatness it evoked was the staple of a strong foundation when the city was established eventually. The gargantuan city may now lie in epidural ruins and is the center of tourist attraction, however, it was once the largest and greatest of cities in the entire world.
Bangladesh has the potential to build and house cities greater than the ones as of present, and the time to start building is now!
Dhaka has always been the center
Over the decade, despite multitude
Purbachal New Town, a community
of Bangladesh, both literally and
of infrastructure ranging from
created right outside of the Dhaka,
figuratively. Created before the
road connectivity to flyovers and
is aimed to help solve the problem
nation’s Independence, Dhaka
mega-gated communal projects
of limited housing in the area. The
has eventually evolved to be the
having been transpired, Dhaka city
area’s most singular aspect is the
unplanned mega-city of economic
has had unplanned aspects across
government’s initiative to turn
robustness. The population rate
various sectors of the city. However,
Purbachal New Town a completely
has risen and geographical area
Bangladesh has taken an initiative
pollution-free community, while
remaining unchanged, with hundreds
to test the boundaries of the future
maintaining all the kinds of urban
of thousands coming in every day,
phase of planned cities to come, with
amenities home owners and seekers
Dhaka has become a clustered city.
Purbachal New Town.
will look for.
29 / Property Now
How The Future Cities Of
progress of time, population rate
Bangladesh Should Be Like
will eventually rise. Hence planned cities should be constructed to tackle
Urban planning on a mega scale
population rate which could become
is essential if Bangladesh is to
an issue in the long run.
Property Now has always
house the next generation. Cities
Planned cities should also embody
should be structured and planned
the soul of a sustainable ecofriendly
been about the current
in accordance to the mobility
atmosphere. The physical condition
of the citizens who will be living
of a city impacts the people living in
there. Constructing proper road
it. By shaping the future cities to be
infrastructure with a long term
sustainably ecofriendly, the healthy
planning, which will not hinder other
atmosphere will have a long term
projects will become a vital necessity
effect on the people and also the
when it comes to the cities of
environment.
building the foundations
when constructing a new city, the
Furthermore, by establishing distinct
of a better Bangladesh,
planning should be made for at least
neighborhoods with a city center,
50 years in advance.
designed to emulate the sense of
implement future cities which will
tomorrow in Bangladesh. As a result,
community and safety amongst the Future cities in Bangladesh should
citizens, planned cities can beneficial
also be shaped to house a specific
to the efficiency citizens brings to the
number of the population. Over the
economy.
scenario of real estate and as of present, we should all be looking forward to
which begins with a definite planned city.
30 / Property Now
TRANSFORMATION OF AN IDEA INTO REALITY: THE UNION TOWER
B
ehind every vision lies a blueprint of a big idea
www.unionpropertiesltd.com
thought up to shape the society for the better. If someone told you that in the world of real estate,
the picture perfect frame of the concrete mega-city holds no visionary undertaking, someone told you wrong. At the heart of Bashundhara, across International Standard School (ISD), Union Properties Limited has not only envisioned a blueprint of an idea but made it a reality.
We are talking about The Union
You might wonder as to why this
blend of perspective and approach
Tower; a turquoise jewel of
particular structure is accounted
has established it as a landmark in
constructions in Bangladesh. This
differently to every other building.
the vicinity.
bold and state-of-the-art commercial
To start off, Union Tower takes
project by Union Properties Limited
care of the most common problem
The forward thinking approach
is a fresh take on innovation
in Dhaka city; Car Parking! Union
and vision of the team has been
which sets it apart from any other
Tower has over 125 Car Parking
encapsulated by the internationally
developments in the real estate
in 4 Basements which is a rare
acclaimed Architect Prof. Anil Kumar
scenario.
combination even in Gulshan and is
Sharma who has built over 100
the first in Bashundhara. The perfect
renowned projects worldwide
31 / Property Now
in diversified fields such as hotels,
Yes, The Union Tower amasses a
Regulators (AVR) to prevent power
commercial buildings, embassy
formidable collection of forward
fluctuation related accidents, the Union
buildings, industrial buildings,
thinking features and amenities. To
Tower is actually a profound project of
sports building, and multi-family
start with, Union Tower takes care
deeper principles.
dwelling units. His portfolio includes
of the most important thing for any
notable structures like Radisson
building dweller; Fire & Life Safety. The
Blu, Le Meridian, Marriot, Holiday
Union Tower is completely compliant
Inn, Sheraton, Hyatt, Hilton & much
with The National Fire Protection
more.
Association (NFPA) which is a United States based rating system for Fire
The Union Tower is completely
& Life Safety. The fire exits, lifts and
Leadership in Energy and
building shafts has a fire rating of 3
Environmental Design (LEED) compliant
hours which ensures that neither fire
Union Tower also ensures the
which is one of the most popular green
nor smoke can travel from one floor
quality of air that the inhabitants will
building certification programs used
to another. The pressurized water
breathe inside the building with the
worldwide and helps building owners
storage in the building is sufficient to
incorporation of Treated Fresh Air (TFA)
and operators to be environmentally
douse any fire. From the ultra-modern
Unit which ensures that every part of
responsible and use resources
Fire Prevention and Firefighting
the building is supplied with sufficient
efficiently.
technologies, to the Automatic Voltage
fresh air.
The façade is designed with the
is something unheard of in other
Anil Kumar Sharma was able to instill.
incorporation of unitized, double
constructs of Bangladeshi architecture.
Designated areas for specific type of
glazed, low emission heat resistant
When buildings are constructed, does
edibles are allocated throughout the
glass. The Low-E coating reflects heat
everyone really take into consideration
floors of the food court, in equilibrium
back to its source so it helps buildings
of the staff who will also live and
to that of famous Singaporean
stay cooler in the summer and warmer
work in those areas? The facilities
shopping malls.
in the winter. The coating won’t scratch
Management System is an area that
As for the location, the grand
off because it is applied to the inside
the Union Tower has taken special
commercial project is situated
of the glass. It also helps protect the
care of as the sustainable quality of
strategically to cater to the inhabitants
inhabitants and furniture against UV
this building can only be ensured
of Dhaka city. The Union Tower stands
radiation. Furthermore, the commonly
through proper management.
tall just opposite an international
used Sound Reduction Capacity (SRC) in
Dedicated areas have been designed
standard school and a renowned
other buildings is 15 decimals, whereas
and designated for the building staffs
hospital in Bashundhara. It is in close
Union Tower uses 25 decimal SRC. This
including drivers, with proper locker
proximity to all kinds of stakeholders
thickness of the glass ensures bare
areas, change rooms, shower areas,
that any business needs.
minimum sound for inside occupants,
wash room, prayer room, dining
Designated zones are made exclusively
to spare them of the disturbance of
area, etc. The idea is that the staffs
for the working professional, the VIP’s
external noise pollution, along with up
need proper facilities to perform with
and the service staff. The thought
to 30 % less energy consumption.
dedication and to stay motivated.
process behind including these
Another interesting fact is that the
Waste management is an area that
features as a social responsibility goes
quality of drinking water at Union
the Union Tower has taken special
to show what is missing in our creative
Tower is compliant with the standards
care of. Dedicated waste management
ideals of corporate constructs.
set by The World Health Organization’s
areas have been designed as per the
(WHO) Guidelines for Drinking-Water
internationally acclaimed three bin
In additional to such complex yet
Quality (GDWQ). This guideline will
waste management system which
fascinating features, including a
ensure the safety of drinking water
guides users to separate dry, wet and
Rooftop Helipad, the Union Tower is
supplies through the elimination, or
toxic waste as the contact of different
the first ever commercial development
reduction to a minimum concentration
types of waste can result in unpleasant
in the vicinity to use Rotary Piling
of constituents such as micro-
odor, bacteria and other germs.
technology for construction.
organisms, metals, chemicals etc. in
The building also
drinking water that are known to be
comprises of
The Union Tower is not just a
hazardous to health. Apart from this,
office spaces,
building. It is a formidable
used water is recycled and treated
a mega mall
through an onsite ETP plant to reserve
hosting
thinking which Ar. Anil
water usage. There are 3 forms of
major
Kumar Sharma has
water filtration systems installed
local and
physically executed into
throughout the building. Disposable
representation of forward
reality. It is a unity of
water, particularly for hand washing
international
will be lead and filtered towards use in
brands and
ideals accumulated in
the lavatory, while the drinking water
a food court in
filtration system works completely
the first four floors
differently. This approach of saving
with outdoor and indoor
and reshaping those very principles
water and using it in an efficient
seating arrangements. What makes it
to break perceptive barriers and
manner for water-waste management
stand out is the design which Ar. Prof.
contemporizing the future.
physical manifestation; a way of breaking the limitations of traditional thinking
34 / Property Now
SUSTAINING A GREEN FUTURE FOR A GREATER BANGLADESH B
angladesh, despite its land mass, holds enormous prospects when it comes to molding a strong and sustainable future. 47 years short of Independence, Bangladesh has a long way to go in terms of development, particularly when it concerns adapting
an eco-friendly infrastructure. As the future lies in the hands of the next generation, let us view as to the approaches Bangladesh can take to shape the nation towards a green and prosperous direction.
W
hy We Should Adapt Eco Friendly Atmosphere For The Future Generation
The AQI is a tool for reporting daily air quality of any city or country. It tells how clean or polluted the air is, and what associated health effects might be a concern for public. According to the Air Quality Index (AQI) early of this year, Dhaka, the capital of Bangladesh has been quite polluted. If the air quality in Dhaka keeps falling, the quality of unhealthy breathable air will have physical implications on the citizens in the long run. It is not just one factor contributing to Dhaka’s growing pollution. There are multitudes of factors which collectively add up to Bangladesh’s overlooked concern.
35 / Property Now
Sustainable Scenarios Bangladesh
particularly during rainy seasons.
Dhaka or other cities in Bangladesh.
Should Be Looking Into
Furthermore, green roofs acts like
The “Smog Free Tower” in Beijing
a blanket for the building and helps
is just the version which could be
Construction in Bangladesh,
keep them insulated, which could
easily adapted to Bangladesh’s
particularly Dhaka city generally
theoretically lower expenses behind
infrastructure. This other air purifying
utilizes communal spaces by allotting
air conditioning costs for home
futuristic device sucks up 30,000
every area to cater to housing
dwellers.
cubic meters of polluted air per hour,
demands. Should the developers
cleans it at the Nano level (the PM2.5,
approach constructive methods
China has been experiencing an
PM10 particles) and then releases
with an eco friendly method, future
overbearing of pollution problems.
the clean air back into the city and is
builders will also follow suit.
In China as of present, air pollution
solar powered simultaneously.
In Bangladesh, several real estate
kills an estimated 1.1 million people
developers are approaching their
a year. China’s answer? Building
At the root of all things lies
projects in an eco-friendly manner.
the world’s biggest air purifier. An
“Education”. By educating the future
Bangladeshi real estate developers
experimental tower over 100 meters
generation of the importance of
in general have yet to fully utilize
(328 feet) high in northern China has
sustainability and adaptation of
and implement “Green Roof”
brought a noticeable improvement in
green eco-friendly approaches,
approaches to their projects. The
air quality, according to the scientists
Bangladesh can create a mindset
concept of a green roof is a perfect
who are leading the project, the
of sustainable requirements
tool to fight against climate change.
tower can be used in ways to tackle
for the future generation. By
Green roofs clean the air and store
the nation’s chronic smog problem.
implementing firm stances on
carbon, while providing an important
Bangladesh can similarly adapt such
proper waste management and
habitat for bird life and insects.
technologies to tackle the country’s
green sustainability programs
During storms, green roofs slow
air pollution issues. Though it would
through primary schooling system,
down rainfall runoffs which could
not have to be 100 meters high as
Bangladesh can create future leaders
help prevent flooding and sewer
the towers implemented in China,
to bring about positive impact in the
overflows, something necessary
the towers could be miniscule
country.
for Dhaka’s intercity condition,
versions designed specifically for
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We have our home cleaning teams ready to clean your apartments when required. Our Cleaning service for our Valuable clients to give the peace of mind and time which assist in enjoying life and loved ones.
What We Do: As a one stop property solution provider we are committed to provining the highest level of customer care along side arange of property rentals .We currently have serviced, furnished, semi-furnished, un-furnished apartments commercial and Industrial spaces all around the country to suit your budget.
What sets us apart from the rest? Our proactive approach is what sets us apart from others.
Property Maintenance:
We guaranteed the best price and top quality.
Our skilled team is a group of seasoned professionals that can handle repair, maintenance, additions, renovations and more.
We ensure Health, Safety, Security and Environment for all clients.
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We provide Fire Safety and Fast Aid Equipments if required. CCTV, Security Guard and Care Taker can be provided if required.
38 / Property Now
THE FUTURE OF INTERIOR DESIGN
C
hange is the only consistency that we can rely on. And with something as flexible as interior design industry which happens to be one of the most creative and
ever-changing out there, adaptability is everything. Over the recent years, the interior trends have been taking shifts and turns quickly. Part of the reason is the cross-culture practices which does not only bring an aesthetic appeal in a house but also implements bits of tradition. Below we have talked about the on-the-rise trends which we predict will take over in the upcoming years.
Everything Tech Over the years, interior design has not only been about decorating a space. Now before we implement a design on a room, we try our best to align it with our personal aesthetic so that the looks of our homes resonate with us. In the upcoming years, modern tech aesthetic will take over as we move towards development every second. Minimalism with a hint of digital trends will become a norm for us which will lead us into adapting to a lifestyle that is heavily dependent on improved technology. Adjusting to this way of life will cast a shadow on our tastes and preferences as individuals as well as our home’s personality. Soon enough, it will depict how we choose to decorate our personal spaces.
39 / Property Now
The Home Office Will Be The Focal Point Of Our Homes This trend is already taking on. We spend about one fourth of our lives working. In a space where we will be spending at least 8 hours a day, it is important to personalize it as much as we can. And because of the turn in professions and lifestyle, i.e. freelancing or working from home, it is a must that form and design follows function. In order to create a productive atmosphere, more hybriduse spaces will pop up adding comfort and homely character.
Minimalism As time passes by, the overall population will keep increasing but the world isn’t getting any bigger which is going to hamper our living situations. The affects are already showing and because of this, simple interior styles like minimalism and Feng Shui is encouraged. Co-living and micro living are two relatively newer trends that has been recently introduced (and received well, too!). Forget about big, chunky furniture! Most people in the future will own less and make use of those items at their peak efficiency.
Colors Of The Future
Modular Designs
Even though newer designs are going
The future generations are going to
to be introduced along with the retro
be digital nomads who will frequently
ones staying back, surprisingly there
travel from one place to another and
wouldn’t be any sort of restrictions
work on the go; meaning, the furniture
when choosing the right color for one’s
(along with every other aspects of their
home. Starting from bright Orange,
lives) will be movable and temporary.
Green, Yellow to shades that give off
The furniture will consist of diversified
subtlety such as White, Light Blue
materials that can be partitioned with
and more are going to coexist in the
walls; hence, perfect for dismantling,
upcoming generations (maybe not
too. It will be all about minimization
in the same color palate, though).
because settling down in a specific will
After years of plain beige and boring
not be an option anymore. The designs
whites, the future of design seems to
will be correlated with their lifestyle
be colorful with eclectic Violet and bold
which brings us to our next point.
motifs along with sleek lines, rustic looks and everything in between.
Sustainability Over Everything Else New materials will be introduced in order to incorporate safe practices to keep our environment safe and flourishing. Sustainable designs are already taking place in forms of upcycling furniture, hand-made products, using energy-efficient materials while making furniture, etc. Not only is it environmentally friendly, these types of furniture add a raw, personal touch in a home. The goal is to achieve highest quality of life that will leave the lowest environmental footprint, making sure that the longevity of your home enhances.
40 / Property Now
SOLAR EFFICIENCY IN RURAL BANGLADESH
W
hen it comes to
How Can We Implement It On
There are a number of good
Our Economy?
reasons why installing solar
renewables, solar energy has been a trending
panels in rural regions would be In order to incorporate the
advantageous. Firstly, rural areas
topic for quite some time, however
usage of solar based systems
are usually less crowded than
like everything else it has its own set
in rural areas, people residing
cities. This means plenty of space
of pros and cons. Because of its high
there needs to have a clear
is available for solar panels’
demand, the technology surrounding
understanding about what it is.
installation. Moreover, dominant
solar systems has developed
Solar energy is abundant and we
economic sectors like agricultural
significantly, making the entire process
will never run out of it as long as
industries are generally situated
more efficient. Introducing this concept
we have the Sun. It is acquired
in those areas and they use a
in rural areas in Bangladesh means
from the Sun’s radiation and
massive amount of electricity
not only adopting green practices,
can be harnessed by installing
during the day, an electricity
but moving towards overall economic
solar panels which then extracts
demand that solar energy based
development which brings us to the
energy and converts it into
systems can easily cover.
question.
electricity.
41 / Property Now
Another prominent reason is entirely
plays a role in keeping our
Solar panels are still relatively costly
economical. Planting solar panels
environment benignant. Once
and hence, not a cure-all solution
would require a lot of expertise from
installed, solar based systems do
for solving rural problems. Farmers
people who understand how to do the
not require high maintenance.
and small business owners from
maintenance work (but once installed,
Furthermore, since energy is directly
the countryside are unlikely to be
they last for approximately 30 years!),
converted from the Sun, there is no
able to afford them. Apart from that,
meaning, this practice can provide
pollution created and the process
weather plays an important role in
jobs, thus providing a wide spectrum
is completely noise-free. Since it’s a
this equation. On the days that there
of possibilities and contribute to
direct process, energy losses from
will be little sunlight and especially at
the growth of a power grid based
the circulation and distribution may
night-time, backup system is required
solely on renewable energy – not
be reduced because solar panels
and solar energy storage is quite
fossil fuels. Solar energy is especially
produce electricity from where it is
expensive. Also, the batteries used to
suitable in remote areas; which is why
consumed.
store energy for later are associated
it has become an important source of
But just like the perks, the system
with adding more pollution which
local employment.
has flaws, too. For instance, the initial
definitely defeats the purpose.
It is safe to say that solar regulation
capital cost of installation is a lot.
S
o, How Can We Bring Changes Then? Specific measures can be taken that is likely to encourage people to be more energy conscious. For
instance, if the government were to provide large amount of subsidy then the matter of affordability would be eliminated. Moreover, agricultural and rural development banks can make solar energy based systems eligible for loans. Other than that, if different sectors such as agricultural, health and education sections worked together to create and promote a sustainable market then the implementation of its uses would be further acknowledged. Although the installation is bit on the heavier side, the price is effectively compensated by the production of clean energy. With time, solar technologies have been constantly improving and as older models get replaced with the new ones, more versatile designs and additional features are showing up, adding more credibility to its user-friendly attribute.
42 / Property Now
WHERE IT ALL BEGINS SMART HOMES FOR THE ULTRA-MODERN BANGLADESH
W
hat do Google, Amazon, Microsoft, Apple and Facebook all have in common?
These modern day giants were once ideas; pet projects started by founders in the comforts of their respective abodes. Though such creations are often credited to the ingenious architects who were able to turn a seed into a forest, most overlook the fact that it was the environmental atmosphere which nurtured these minds. So imagine, a home, designed to emulate an environment which could nurture the next generation. A home which could configure the future minds of Bangladesh; a home created to be Smart‌
A Smart Home ecosystem can best be described as an environmental setup comprised of technologically powered devices and gadgets, all connected and communicating with one another, which can be controlled from a single device. Though tech smart devices like Wi-Fi, televisions and kitchen components already exists, let us look deeper beyond the existing parameters of smart home devices which can power the future homes of Bangladesh.
Every day is a journey and the journey itself is home - Matsuo Basho
43 / Property Now
Li-Fi
Amazon Alexa Echo
A technology which is still in the works
Alexa is a voice-controlled Virtual
is the next generation of connectivity;
Assistant platform, which makes
Li-Fi. As a future source of power and
interacting with personal speakers
connectivity, Li-Fi is crucial to the ultra-
and other devices much easier. The
modern homes to be in Bangladesh.
benefit of a smart device such as
Li-Fi is essentially a wireless optical
Alexa is that through voice-control,
networking technology which uses
numerous devices can be controlled.
Light-Emitting Diodes (LEDs) for data
Moreover, Alexa Gadgets from Amazon
transmission, or in other words, using
combine the power of IoT (Internet of
light as a network. By using Li-Fi in all
Things) to make interactive learning
the lights in and around a building, the
more efficient and friendly. If the Alexa
technology could enable greater area
device could be configured for a sub-
of coverage than a Wi-Fi router, with
continental atmosphere of such as
more real life applications.
Bangladesh, making it language and
Li-Fi will replace not just Wi-Fi but all
cultural friendly for the native users,
wireless applications. In other words,
this one particular device, with the aid
light will be shining the way forward.
of Li-Fi technology could power not just
Light-Emitting Diode (LED) bulbs
homes but the minds of the future.
transmit data when they are switched on and off so rapidly in nano-seconds something which is invisible to the naked eye. Its practical applications in Bangladesh could be limitless. Using the power of light to replace wireless connectivity and power home devices faster and more efficiently could really shine the way on household functionality.
So, as the saying goes, Every
day is a journey and the journey itself is home, then the journey for a smart and prosperous future begins with a technologically infused home, and Bangladesh to be the first country in this region to adopt it.
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