Seven shops and five houses were gutted as a fire broke out in sadar union of Alikadam upazila of Bandarban early Thursday.
The fire started around 4am in Khuillamia Chairmanpara of the sadar union, said Shahadat Hossain, fire fighter of Alikadam fire service station.
On information, two firefighting units rushed to the spot and brought the fire under control after three hours of frantic effort.
However, there were reports of casualties.
Nazrul Islam, owner of a shop, said that the source of fire could not be known yet.
The amount of losses was around Tk20lakh, claimed the victim shop owners.
Meheruba Islam, upazila nirbahi officer of Alikadam, said that they will enlist the victims and will help on behalf of administration.