RAJUK Jhilmil Residential Flat Project in Keraniganj

The capital development authority (Rajdhani Unnyan Kartripakkha - RAJUK) is set to officially start construction of around 14,000 flats in Jhilmil residential area of ​​Keraniganj. RAJUK is going to start construction work within November 2019. When the construction is finished, it will be one of the major residential areas in the country with most modern multi-storied buildings and facilities.

RAJUK officials said the flats/apartments would be constructed under the 'Jhilmil Residential Park' project. Malaysian company 'BNG Global Holdings and Consortium' will implement the project by the Government-Private Partnership (PPP) basis. A tri-nation consortium signed a contract with Rajdhani Unnayan Kartripakkha to develop Jhilmil Residential Park inside the Jhilmil Apartment Project under Public Private Partnership (PPP) on November 2017. The entire project is expected to be completed by 2023.

The people involved in the project said that the cost of implementing the whole project is BD Taka 9,797 Crore and 20 lac. The Malaysia Company BNG will finance the whole investment. RAJUK will pay the money in six installments. As per the agreement:

• The whole project will be on 160 acres of land in Jhilmil residential area.
• BNG will build total 85 high-rise buildings of which 60 buildings will be 20 storeys and 25 buildings will be 25 storeys (including basement).
• There will be a total of 13,720 flats of three different types A, B & C.
• Type A: Total 9,120 apartments, size of 1,550 SFT.
• Type B: Total 2,576 apartments, size of 1,750 SFT.
• Type C: Total 2,024 apartments, size of 2,400 SFT.

According to the agreement, two years after the start of the implementation of the field work project (in the third year), RAJUK will give Tk. 400 crore, in the fourth year they will pay another Tk 400 crore and from the fifth to the eighth year RAJUK will pay Taka 2,294 Crore and 80 lac per year.

Facilities and Advantages of the project:

The buildings will be constructed using the latest and modern construction technology called 'Industrial Building System'. There will be no use of bricks. The whole building work will be done with RCC welding. The buildings will be strong and earthquake tolerant. The buildings will be constructed on 32 percent of the total land area of ​​the project area, while the remaining 68 percent land will be open. There will be lakes, parks, playgrounds, walkways, jogging tracks, artificial showers, roads etc on the open space. School, College, Hospital, Mosque, Market, Community space will be provided for those who will live here. All of these will be invested by the investing company. The company will also work for the maintenance of the project for the next eight years. There will be water, electricity and gas facilities also.

Communication Facility:

This project is two kilometers far from the China-Bangladesh Friendship Bridge over the Buriganga River also located beside the Dhaka-Mawa highway. Apart from this, there is also a plan to construct a flyover from Jhilmil R/A to Dhaka City for easier communication. Starting from Jhilmil the flyover will go to Gulistan, Paltan and will end at Shantinagar. Roads inside the project will be from of 12 to 36 meters width for easy movement of vehicles. There will be a total of six entrances around the residential area. In front of the main entrance, there will be a road with a width of 60.40 meters which will connect with the Dhaka-Mawa highway. After completion of the Padma Bridge construction, communication from here to Dhaka, as well as communication to the southern part of the country will be easier.

Price of Apartment / Flat in RAJUK Jhilmil Project:

The construction company has set Taka 3,696 per SFT of the apartments. When RAJUK will sell flats, the price of land will added with Taka 3,696 per SFT. After completing the construction, RAJUK will sell for Taka 4900 to 5100 per square feet. The application will be invoked as like other flat projects of RAJUK. Flat allocation will be finalized through lottery. There will be installment facilities. RAJUK has also been considering providing long-term installment facility for the convenience of ordinary buyers.

Progress of the RAJUK Jhilmil Apartment Project:

The agreement was signed on November 2017 to implement the project. On the occasion of the signing agreement, RAJUK announced that the implementation of the project would begin 2018 and all the work would be completed in 2022. But the main work has not yet started to implement the project. Due to the design of the project and some other related works took extra time to be complete. Now everything is final. The main work of the project will begin this month. Besides, the publishing prospectus for the flats has started. Flat allocation applications may be called by December 2019 or January 2020.

For further update and latest news about the Jhilmil Apartment Project, please visit frequently the official website of RAJUK.

Thanks,

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