The real estate market of Bangladesh has been growing steadily since its inception in the 1970s. What used to be buildings or houses are now apartments, condominiums, hotels, and commercial properties. Bikroy has been a pioneer in the digitalization of this growing property trading scene of Bangladesh.
The property market of Bangladesh has been thriving with demand and opportunities. Currently, the estimated annual turnover of the property market in Bangladesh is equivalent to about Tk. 60,000 crore. Along with urbanization and an increase in the standard of living, the demand for flats and apartments has also increased to an annual demand of about 120,000 flats. Despite constraints, the market has been growing at 15-17% each year.
Bikroy brings together buyers, sellers, developers, and tenants on a digital platform through property services. Sellers can post free advertisements on Bikroy at competitive and realistic prices. Interested buyers/tenants can find their desired property by filtering by location, property size, budget, etc. When the criteria are met, buyers can contact the seller to discuss.
Bikroy property receives more than 300,000 customer visits and over 150,000 interested property buyers monthly. Additionally, over 20,000 ads are published per month across the country, for various apartments, land, and commercial properties. More than 250 developers and 3,000 sellers are active on the platform.
According to Bikroy's data, an average of more than 20 buyers express interest in each ad.
Mohammad Mazharul Islam Khan, Senior General Assistant Manager of Navana Real Estate Limited, said: “Navana Real Estate Limited has been working with Bikroy for almost six years, Bikroy is an effective and proven platform for us. We even had a great experience of booking a property within 3 days of posting an advertisement.”
He praised the ease of use of the digital platform, saying it had made property trading easier.