Urbanisation is taking place at a surprising rate in the cities of Bangladesh. And that calls for the need for more modern ways of living and even working. One of these trends that is making a huge difference is the development of mixed-use projects. These are projects where residential, commercial, and recreation spaces are built in one environment. Picture a situation where your room you call home, your office, your favorite spot for coffee, and your gym are all in close proximity. Sounds convenient, doesn’t it? Well, this is exactly what mixed-use developments afford, and they are fast becoming the latest urban craze in Bangladesh.
What Are Mixed-Use Developments?
Simply put, a mixed-use development is a building or set of buildings that combine different types of spaces like apartments, offices, shops, and restaurants all in one place. So, instead of having to drive across town to run errands or meet friends, you can do it all in one spot. This kind of urban planning has taken off globally, and now Bangladesh is embracing it too.
Why Are Mixed-Use Developments on the Rise in Bangladesh?
Bangladesh’s urban centers, like Dhaka and Chattogram, are expanding fast, and with that comes some serious traffic and space issues. In response to all these challenges, mixed-use developments build such communities where everything is around the corner. Besides, who does not love the idea of no traffic for hours on end? It sounds like a fantasy, doesn’t it?
Here is why mixed-use developments are gaining tremendous popularity within the area:
• Comfort: Picture this, you step out of your apartment to grab a cup of coffee, then take a few more steps to your workplace. These developments make life simpler by putting everything within easy reach.
• Better Use of Space: Land is scarce in big cities, so why not make the most of it? Mixed-use projects pack housing, businesses, and entertainment into one place, maximizing the use of valuable urban land.
• Modern Age: Today’s generation considers the use of time to be of high importance. Therefore, in a single building complex, all the amenities like a gym, shopping mall, parks, and cafes are offered.
• Fostering a sense of belonging: They create a sense of belonging among those who live in these spaces thanks to certain features like courtyards, parks, communal kitchens, and the like, which is often absent in large urban centers.
Growing Mixed-Use Developments In Bangladesh
The young nation of Bangladesh is, however, witnessing some successful integration projects that are altering the notions of urbanism. Some centers of the future, such as Bashundhara City and Jamuna Future Park, are bringing together and incorporating shopping and entertainment, even office facilities, all in one location. These centers draw millions in footfall every day and give a glimpse of life where people can live in a city with such amenities.
Newer projects like Doreen Development Ltd.’s ongoing Orchard Apartments & Plaza, their most anticipated project, Avenue One in Tejgaon, and Fraser Apartments & Plaza in Mirpur are taking the concept even further, blending residential units with commercial spaces to create self-sustaining mini-communities. This provides attractive options for those looking for an apartment for sale in Dhaka, Bangladesh, as well as those searching for a Bangladesh Dhaka flat sale. These construction works are proving that mixed-use is not just a passing fashion it is the reality of living in towns in Bangladesh.
What’s in It for You?
• Everything in Close Proximity: There is no use wasting time caught up in traffic or being in the frantic environment of town. You may live, work, shop, and have fun all under one roof.
• Environment: Because you are not making long-distance trips, it also lessens your carbon impact. In addition, these types of structures emphasize the importance of sustainable sites and green building.
• Inculcation of Economic Benefits: Entertainment, jobs, and retail facilities are incorporated within these projects, thus creating employment opportunities for people.
• A Community Ethos: Thanks to features such as community parks, cafes, gyms, and others, mixed-use developments create a more social, community-oriented environment.
• Property Value: Properties in mixed-use developments often see higher appreciation rates because they offer a lifestyle upgrade, making them a great investment.
Challenges in Bangladesh
Even though mixed-use developments have lots of promise, there are still challenges faced. For instance, height and bulk zoning laws in several regions are more conducive to single-use projects, making it difficult for the developers to obtain the approval of the mixed-use space. For the large-scale intervention, infrastructure, for instance, good roads, and the availability of water and power, is also a challenge. But as more developers and city planners understand the prospects of mixed-use projects, these challenges are being dealt with.
What’s Next for Mixed-Use in Bangladesh?
However, it is evident in the future that mixed-use projects will not be a passing trend. So as the capital city of Dhaka and even other cities expand, such structural developments have become a prudent answer to the major problem of urbanization. For example, if solutions to limited urban spaces and modern facilities are sought, the answer lies in vertical developments.
Therefore, in the next few years, we will see many more evolutions of these new strategies of urbanism. We believe that if the right infrastructure and plan are put in place, mixed-use projects will be the most viable in the growth of the real estate sector in Bangladesh.