Real Estate Companies in Bangladesh are Rising

During the COVID-19 Corona virus period, buyers in the housing and real estate industry of Bangladesh are increasing. Entrepreneurs in the sector saying that the demand for buyers has increased so much in recent times that top class Real Estate companies in Bangladesh do not have unsold flats. Companies that had stopped building construction work for so long have now come forward and resumed their construction.

Demand from buyers is on the rise as the government provides undisclosed investment facilities in the housing sector. Currently, the highest demand for Apartment / Flats in Bangladesh is among government employees. Some investors demand land and plots. In such a situation, the concerned companies have demanded to reduce the interest and registration cost of loans in the housing sector to 7 percent. The real estate sector in Bangladesh is now a lucrative investment destination for buyers and investors. The registration cost of buying flats and plots is now 10 percent and it comes with single digit or one digit interest loan.

In this regard, Real Estate and Housing Association of Bangladesh-REHAB President Alamgir Shamsul Alamin Kajal said that the real estate companies in Bangladesh are now getting good response from buyers. The situation is such that even good companies are not able to sell flats to the buyers. Buyers are growing every day in recent times. Interest in buying flats and plots is increasing among them. As a result, many companies are taking up new projects to build flats inside Dhaka, Chattogram and other cities across the country.

The undisclosed income is also being invested in the housing sector. Owners of companies are demands the interest rate on bank loans and registration cost of flats and plots should be reduced to 7 percent. Some banks are now keen to lend. Some banks are giving loans at 7 percent interest rate. The recovery in the housing sector is also boosting the overall economy.

Business in the housing industry is coming back. Buyers respond more than ever. This is due to two reasons- one is that money laundering has decreased during the Corona period. Another is the government's undisclosed investments facilities for two consecutive financial years. All in all, the real estate company in Bangladesh is now in a good position.

JCX Developments Limited is a state-of-the-art flat builder in the country's elite Bashundhara residential area inside Dhaka city. Iqbal Hossain Chowdhury, the managing director of the company and director of FBCCI, a top organization of businessmen, told that there has been a lot of demand from buyers for good quality flats in recent times. This demand has been created mainly due to undisclosed money investment facilities. As a result, there is a huge interest of buyers for flats in Bashundhara R/A.

Investors have lots of interest for both ready and used flats in Dhaka city. Some searching keyword in Google are: Used flat sale in dhaka, Low price flat in dhaka, Flat sale in dhanmondi, Studio apartment in dhaka, Used flat sale in mirpur, Ready flat for sale in mohammadpur dhaka, Ready flat sale in dhaka, Flat for sale in dhaka uttara, Flat sale in banasree, Dhaka housing adabor etc.

In the national budget for the fiscal year 2020-2021, the legal directive to allow higher revenue and economic activity in the private sector said that no matter what is in the country's customary law, no one can raise any question about the investment of undisclosed money. To take such an opportunity, taxpayers have to invest undisclosed money in land, flats, buildings and apartments, banks, savings certificates, stock exchanges, bonds or any other such securities. To avail this facility, income tax at the rate of 10 percent has to be paid. Investing in undisclosed funds will reduce money laundering and tax evasion. The move is expected to boost mainstream economy, employment and revenue growth. This facility will be continued in the new fiscal year 2021-22 as well as provision has been made to impose penalty at the rate of 5 per cent on other undisclosed funds. 

According to the concerned, the annual market of the real estate companies in Bangladesh / housing sector in the country is now around Tk 60,000 crore. The annual growth in this sector is 15-17 percent. The annual demand is 1 lac 20 thousand flats. Overseas income / Remittance and undisclosed money owners buy more real estate properties. Expatriate income of Bangladesh did not decrease during COVID-19 period. Besides, there is an opportunity to invest undisclosed money by buying land or flats. As a result, trade in this sector has increased a lot. The catastrophic disaster that hit 458 sub-sectors of the housing industry in Corona is now a beacon of hope. Around BDT 2 lac Crore have invested in more than 2,000 industries in this period.

 

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Smart cities, are the result of the growing importance of orienting our life toward sustainability. There are different parameters by which a city ranks more highly than another. To achieve this 10 key dimensions are considered: Governance, urban planning, public management, technology, environment, international projection, social cohesion, mobility and transportation, human capital and economy.

The development of 'smart cities' has been a top priority for many countries and Bangladesh may soon join their ranks. In a bilateral meeting with Bangladesh's ICT Minister Junaid Ahmed Palak and the Japanese Ambassador Naoki expressed Japan's interest in building a smart city in Bangladesh. Last year Japan has set aside a 250 billion yen (US$ 2.4 billion) fund to support Smart City projects by Japanese companies and improve decarbonization measures in 26 cities across ASEAN.

According to Mr. Naoki, Japan has contributed in many sectors, including infrastructural development of Bangladesh. There are currently more than 300 Japanese companies operating in Bangladesh - three times as much as in the last 10 years.

Japan is the largest Asian export market for Bangladesh, amounting to USD 1.3 billion. Despite the many challenges posed by the Covid-19 epidemic, Japanese companies are ready to expand their business in Bangladesh.

Naoki called for the development of strategic relations to further enhance cooperation between the two countries. He said that ICT sector is now the main driving force of the economy of Bangladesh. The Japan International Cooperative Agency (JICA) can further enrich Bangladesh's plan to become a developed economy by the year 2041 by assisting in the development of technology-dependent human resources.

Naoki emphasized the importance of collaboration to further expand cooperation between the two countries through the development of strategic partnerships between Japan and Bangladesh.

To further strengthen Bangladesh's ICT sector, ICT Minister Junaid Ahmed Palak made a number of proposals to the Ambassador, including on cyber security, e-waste management and e-governance. Palak said, "We have already sent a proposal to ERD to set up a Bangladesh-Japan ICT University,".

Japan has allocated 2.4 billion to support Japanese companies in the Smart City project and the development of carbon-free systems in 28 ASEAN cities. Tokyo expects all 26 cities to present their smart city projects by the end of this year, and eligible projects will be selected by March.

Japan expected these 26 cities across ASEAN to present their Smart City development plans at the end of last year, with eligible projects to be picked by March this year. It also expects Japanese companies to have basic plans for these cities with feasibility studies conducted. However, at the time of writing, its progress is still unclear

 

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Used Flat for Sale in Dhaka | Secondary Property Market in Dhaka

Real Estate Companies in Bangladesh are Rising

Used Flat for Sale in Dhaka | Secondary Property Market in Dhaka

Recently one of my friends bought a used 1,600 sqft flat in Sector 10 of the Uttara in Dhaka city at BDT 85 lacs. If he wanted to buy a new flat, he would have to shell out at least Tk 1.20 crore, an amount that would have been tough for him to manage. But my friend is very happy now he said, “The used flat he bought is almost new, and without any hassle, the owner has handed over the possession of the property”. People are searching for used flat for sale in Dhaka.

The market size of the secondary Apartment / Flat segment in Dhaka city has no reliable data. Flat / Apartment buyers in the city are now showing an increasing interest for used flat in Dhaka as the properties are cheaper and spacious and come with utility services, especially gas connection, according to realtors and home loan providers. The demand for used flat for sale in Dhaka is around 20 per cent of the total demand for the properties in the city.

The demand for the secondary flat is growing day by day. There can be two reasons: they can be bought at lower prices, and they are roomy. Data on property demand in the last 14 months showed the requests for secondary properties in Dhaka averaged 76 per cent of all queries. The owners cannot use around 400sft of a 2,000 sft flat although they have to pay the price. But, the owners of used flats can use the entire available floor space and rooms were spacious.

For most of the cases about used flat for sale in dhaka, buyers have to renovate the flat. In some cases, they get a flat in excellent condition. This high demand for secondary properties is reflected everywhere. The ready flat market segment or the secondary property market has always been at the forefront of Bangladesh's real estate industry.

The highest percentage of query for used flat for sale in Dhaka, low price flat in dhaka was and such queries experienced in August last year when it accounted for a staggering 86 per cent. Even during the peak of the pandemic in April and May in 2020, when the entire real estate sector experienced a slowdown, about 65 per cent of all property demand in Dhaka was for ready flats.

People on the internet / Google are searching for secondary market properties for used flat sale in Mirpur, Uttara, Dhanmondi, Kalabagan, Rampura, Banasree, Moghbazar, Aftab nagar, Gulshan, Segunbagicha, Banani, Khilgaon, Mohammadpur, Shyamoli, Bashundhara residential area in Dhaka city. The searching queries show that the demand for secondary properties is solid.

Some popular area such as Mirpur, Uttara and Mohammadpur have plenty of ready flats available, even though there hasn't been an adequate supply of secondary properties / used flat for sale in Dhaka. One of the major reasons people search for homes in Mirpur, Badda or Dakshln Khan is affordability. Some parts of Uttara can be great locations to find affordable secondary properties.

 

Used flat sale in Mirpur:

Based on the present market report and data, in last 4 to six months the average price of ready flats in Mirpur was around Tk 4900-5000 per sft, with certain places such as Pirerbag and Section 11 offering flats at Tk 3,100+ per sft.

 

Used flat sale in Uttara:

The average price of ready flats in Uttara was BDT 6,500+ per sft, though the inner sectors are more affordable.

 

Used flat sale in Dhanmondi:

Dhanmondi area is more complex in terms of the price of ready flats. The average price of recently added properties can be more than Tk 10,000 per sft. Properties in West Dhanmondi and Shankar are sold at Tk 6,500+ per square feet.

 

People like to purchase suitable secondary flats due to availability of gas connection, while there is no guarantee that new flats will have the connection. Real estate experts said that secondary flats were comparatively cheaper than the new ones, so the middle-income groups that couldn't spend a big amount purchased used properties. The non-bank financial institution provides home loans against secondary flat. The number of loan files for secondary flats is increasing gradually.

The REHAB had urged the National Board of Revenue to reduce the registration cost for secondary flats to help expand the segment of the housing market. The demand for secondary flats was good, but products were not available.

 

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Dhaka Stock Exchange | Investment Facilities for NRB

A Bangladeshi citizen living abroad with a valid status like foreign country’s permanent resident or with valid work permit is called NRB (Non-Resident Bangladeshi). In case of a foreign passport holder an endorsement either from the relevant Bangladeshi embassy or from Bangladesh foreign ministry stating that “No visa is required” for traveling to Bangladesh – as a proof of dual citizenship.

 

Incentives for Non-Resident Bangladeshis (NRBs):

• 10% quota in all Initial Public Offerings (IPOs) is reserved for non-resident Bangladeshis.
• Can also trade in the secondary capital market while abroad through Nominee.
• There is no Capital Gain tax on individual.
• Individual Income Tax assessment is similar to any other Resident Bangladeshi.
• @10% tax rebate on investment allowance on security investment.

 

How to Start:

• Open Foreign Currency (FC) Account that is needed for channeling foreign currency in as well as repatriation of earnings from investment.
• Open Non-Resident Investors Taka Account (NITA) that is required for converting foreign currency into BDT.
• Open a Custodian Account with any of the SEC registered Securities Custodian so that NRB & Foreign Investors may choose to appoint a Custodian to ensure trade execution and safe custody of shares.
• Open Beneficiary Owners (BO) Account with any brokerage house
• Assign a Nominee/ Power of Attorney (POA) - optional
• A nominee for inheritance/transmission, in case something happens to investor, is required to be assigned. Remember that this nominee and the POA may or may not be the same person.

 

Required Documents to open NITA and FC Account:

• Photocopy of Passport / Social Security Card / Resident Card etc duly attested (if you are situated in a foreign country then attestation needs to be done the respective Bangladesh Embassy or High Commission)
• Passport size photographs duly attested
• A Nominee - beneficiary in case of death of the investor. His/her signature and photo (duly attested by the investor) on the prescribed form provided by the brokerage house
• Employment Certificate / Trade license copy / work permit or Pay slip / tax return document as a proof of earning status of the NRB
• A nominated person with POA (Power of Attorney) who will sign trading documents on behalf of the NRB while he is abroad. His/her photo (attested by the NRB) and signature in a prescribed form by the brokerage house (POA can be any adult person of legal age residing in Bangladesh)
• If the broker is a bank then an extra form of KYC (Know your customer will also have to be filled)
• Initial fund will have to be a cheque or pay order or other allowed form drawn from the FC account

 

Required Documents for Custodian Account:

• Photocopy of Passport / Social Security Card / Resident Card etc duly attested (if you are situated in a foreign country then attestation needs to be done the respective Bangladesh Embassy or High Commission)
• Passport size photographs of Account Holder duly attested l Photographs of Authorized person
• A Nominee - beneficiary in case of death of the investor. His/her signature and photo (duly attested by the investor) on the prescribed form provided by the brokerage house
• Employment certificate / trade license copy / work permit or Pay slip / tax return document as a proof of earning status of the NRB

 

Required Document for Stock Broking and BO Accounts:

• Photocopy of Passport / Social Security Card / Resident Card etc duly attested (if you are situated in a foreign country then attestation needs to be done the respective Bangladesh Embassy or High Commission)
• Passport size photographs of Account Holder duly attested
• Photographs of Authorized person
• Photographs of Power of Attorney (POA)
• A Nominee - beneficiary in case of death of the investor. His/her signature and photo (duly attested by the investor) on the prescribed form provided by the brokerage house
• Bank Statement or Certificate from FC Account

 

How to Operate from Abroad:

• Collect the relevant forms from your preferred brokerage house via mail. Fill it up and get the introducer part attested by the local Bangladeshi Embassy as a proof of the NRB status by providing to them the required documents.
• Get your photos attested by the local Bangladesh Embassy as well
• Send the forms back to the brokerage house with the Nominee and POA part fi­lled in. Send the POA to the brokerage house.
• IPO application needs to be ­filled on a prescribed form. Such forms can be obtained through mail, website of issuing company, or through broker etc.
• Trading in secondary market is done by Buy/Sell order forms.
• If POA (Nominee) is assigned then the POA need to sign the Buy/Sell order form within 24 hours of order placement
• If NRB wishes not to assign a POA then orders can be placed via phone or email (broker approval required) and then a signed Buy/Sell order form needs to be faxed to broker within 24 hours
• Trading will be carried out within prevailing market guidelines
• Shares will be credited or debited to the BO account accordingly

Note:

If NRB is interested to avail custodian service then it is advisable to try to avail the service collectively. The custodial service provided by the local Custodians in Bangladesh (HSBC Limited, SCB Limited, Dhaka Bank Limited, South East Bank Limited, AB Bank Limited and Citi NA), is done through whole sale window not retail. As such they are not comfortable to provide custodial service to individual in a cost effective manner. The way to get collective custodial service is to contact any fund manager or international broker or global custody service provider in your locality and contact a custodian in Bangladesh through them. In this way you are free to have individual level BO and order placement without any problem through the intermediary. This process will easily enable you to take part in the secondary market with proper legal channels for foreign currency in and out.

For updated and latest information please visit the official website of DSE BD (Dhaka Stock exchange Ltd). 

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Dhaka Stock Exchange | Foreign Investors Guide

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Dhaka Stock Exchange | Foreign Investors Guide

Bangladesh Government provides a very friendly and open investment atmosphere and facilities for foreign investors.  Any Foreigners residing in Bangladesh or abroad willing to invest in Bangladesh Capital Markets are considered as a Foreign Investors.

Guides for Foreign Investors:

• Open NITA (Non-resident Investment Taka Account) with AD (Authorized Dealer) of foreign currency department of any ­financial institution or through any custodians
• Select Custodian in Bangladesh (HSBC Limited, SCB Limited, Dhaka Bank Limited, South East Bank Limited, AB Bank Limited and Citi NA)
• Open BO through custodian
• Open Trading Account with preferred broker (optional as the custodian will provide the service through holding cash account (NITA) on behalf of the Foreign Investors)
• Start Trading

NITA Account:

• Non-resident Investment Taka Account (NITA) is an account for channeling foreign currency in as well as repatriation of earnings from investment
• All earnings from investments (e.g. Cash Dividends) are credited to the NITA account
• An audited statement, certifying that all proper taxes are already withheld from the earnings - usually taken care of by the custodian, for fund repatriation purpose

 

BO Account (Beneficiary Owners Account):

• BO account holds shares purchased or shares credited due to corporate declarations

 

Requirements for opening BO accounts (Individual):

• Photographs - duly attested
• Bank Statements
• Copy of pay slip or tax return (optional as a part of KYC [Know your Customer])
• Copy of employment certi­ficate or trade license (license to operate business at individual or proprietorship level)
• Copy of Passport
• Photographs of Nominee (beneficiary is case anything should happen to investor) and other details
• Filled other relevant forms
• Any other requirements by the custodian

 

Requirements for opening BO accounts (Institutional):

• Copies of Memorandum and Article of Association
• Certificate of Incorporation
• Copy of Board resolution permitting investment / trade in Bangladesh
• Custodian details
• Copy of Board resolution regarding authorized personal to handle the account and all relevant identification documents as well as specimen signature

 

Corporate Declarations:

• Cash dividend warrants goes to respective custodian and custodian decides the fate of such as instructed by the FI
• Share issued by stock dividend declaration goes directly to FI’s respective BO account

 

Common services provided by local Custodians:

• Account Services
• Trade settlement Services
• Registration services
• Safe keeping services
• Corporate Action services
• Foreign Exchange Services
• Cash management services
• Market expertise
• Escrow Services

Trading (Custodian ↔ Broker):

• Custodian usually receives orders via SWIFT or any other acceptable standard
• Custodian carries out share and monetary transactions with the local broker
• DVP (Delivery versus Payment): Delivers shares from FI’s specified BO to Brokers BO upon Receiving Payment only. DVP is applicable for sale orders
• RVP (Receive versus Payment): Receives shares to FI’s BO account of any other Omnibus BO as specified by FI and makes payment. RVP is applicable for buy orders
• For DVP the broker sends sale confirmation to FI which in turn is communicated by FI to custodian. Then Broker confirms payment amount and quantity of shares involved with custodian. Then broker pays the custodian to receive the shares.
• For RVP the broker sends buy confirmation to FI which in turn is communicated by FI to custodian. Then Broker confirms amount and quantity of shares involved with custodian for the transaction. After settlement with the Exchange (after prevailing settlement periods) the broker delivers the shares to the custodian to receive payment for the shares
• FI send buy/sale order notice to custodian and broker separately either directly or through fund manager/global custodian /international broker
• After execution of order the broker communicates with custodian to match the order
• Once the orders are matched the settlement between broker and custodian takes place

 

Tax Rates:

• No capital Gains Tax on individual (subject to the condition that such assesses is entitled to similar exemption in the country in which he is resident)
• Income tax is @25% for Individuals
• 25% tax at source is deducted by issuer in case of cash dividend

 

Important Notes:

1. Please note that it is advisable to hold BO accounts for each individual. This can be done by the custodians even if the custodian is arranged collectively by multiple investors. This should be done to avoid some regulatory complicacies e.g. avoiding substantial acquisition (10%) at individual investor level etc.
2. All local custodians provide custodial service at a whole sale level. As such they can easily provide custodial service to any institution or collective investors coming via a global custodian or fund manager or international broker. They may not agree to provide custodial service to individual investors even though there are no legal bindings except for high profi­le individual foreign investor.
3. Individual FI’s can best avail service if they come collectively through any global custody or fund manager or international broker such that the retail service part is not with the custodian. The local custodians do not have any problem opening BO’s at individual level even if they seek service collectively.

 

For updated and latest information please visit the official website of DSE BD (Dhaka Stock exchange Ltd).

 

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Best 5 Star Hotel in Inani Beach | Coxs Bazar | Prashad Sholilkul

Tourists now look to the natural beauty of one of the world's best Coral Sandy Beach in Inani, Coxsbazar which will be an "Exclusive Tourism City" soon. Government has taken some initiatives and master plans to develop this beautiful beach and as a result, Inani Beach will soon become the focal point of attractions for beauty-thirsty tourists in the Cox’s Bazar area. Prashad Sholilkul is an international standard 5-Star Studio Hotel and Service Apartment at Inani Beach in Cox's Bazar which will start soon. This 15-storied 5-Star hotel is going to be one of the best hotels in Inani beach as well as in the whole Cox’s Bazar district.

The Prashad Sholilkul is located on Inani beach, Cox's Bazar beside Teknaf-Coxsbazar marine drive road with lush green hills rise from the east side and endless sea stretching on the west side, the hotel offers panoramic visuals of the Bay of Bengal. It will be a perfect destination at Inani Beach in Cox’s bazar with a verity of choices for relaxation, dine, recreation, and various entertainment etc. The visitors will be provided absolute calmness and privacy. The under construction Prashad Sholilkul will be most beautiful, 15-storied eye catching, 5 Star Studio Hotel in Inani Beach, Coxsbazar.

If you are a travel friendly tourist and real investor, if you want to invest your hard earned money for the future in the Hotel Business in Coxsbazar. You are welcome to become one of the proud owner of this ongoing mega, world class 5 star standard luxurious Studio Hotel PRASHAD SHOLILKUL at Inani Beach, Cox’s Bazar. It’s a most potential platform for the people who look forward to spend their holidays in a silent natural environment beach side hotel. And at the same time to discover the way of Halal income generation over generation.

 

Location of Prashad Sholilkul Hotel in Inani Beach, Coxs Bazar:

• It is located 28.0 km from Cox's Bazar Airport
• 26.0 km from the Coxsbazar Bus Terminal
• 24 km from Kalatali Beach
• Only 1 km from the Inani Beach

 

Details about Prashad Sholilkul:

Name: PRASHAD SHOLILKUL

Address: Marine Drive, Inani Beach, Cox’s Bazar, Bangladesh

No. of Storied: 15

Building Height: 206 Feet

Each Floor Area: 25,000 Sqft (Up to 11th Floor)

Total Built up Area: 4,11,000 Sqft

Ground Lobby: 7,000 Sqft

Top Floor Restaurant: 10,000 Sqft

Total No of Suites: 457 Nos

Rooms / Suites details at Prashad Sholilkul 5-Star Studio Hotel in Coxsbazar, Inani Beach:

• Premium Suite-1: Area 422 sft.
• Premium Suite-2: Area 440 sft.
• Exclusive Suite-1: Area 475 sft.
• Exclusive Suite-2: Area 805 sft.
• Super Deluxe Suite-1: Area 720 sft.
• Super Deluxe Suite-2: Area 798 sft.
• Presidential Suite-1: Area 1350 sft.
• Presidential Suite-2: Area 1105 sft.

Exclusive Facilities and Services at Prashad Sholilkul Hotel in Inani Beach:

• More than 100 Car Parking facilities
• Grand Lobby
• Swimming Pool
• Limousine Service
• Sauna, Yoga and Spa
• Large Conference Hall
• Movie Theatre
• Business Center
• Shopping Center
• Ladies and Gents Parlor
• ATM Booth
• Medicine Corner
• Art Gallery
• Library
• Kids Zone
• Disco
• Bar-B-Q
• Bowling Zone
• Billiard Center
• Table Tennis
• Lone Tennis
• Roof Top Restaurant
• Gymnasium
• Fitness Center
• Banquet Hall
• Laundry & Linen
• Sea View Sitting
• Prayer Space
• Party Room
• Grand Shop of Brand Items
• Wireless WiFi Zone
• And many more…

 

As per the some master plans and some initiatives of the Government of Bangladesh, within next few years the Inani beach is expected to become an International Standard Exclusive Tourism Zone in the country. The most beautiful sandy beach of Inani is now under an exclusive master plan of Bangladesh Tourism Board. The location of PRASHAD SHOLILKUL has been attractive both for international and domestic tourists with the exotic of its green hills and soothing panoramic view of its blue water. Resorts and Hotels in Inani Beach are getting popularity day by day.

In keeping with the master plan Hotel Prashad Sholilkul a giant undertaking, is designed to offer long-run attractive facilities and financial benefits to all of its investors. Please visit official website or Facebook Page of the PRASHAD SHOLILKUL to see the latest offer / packages. Before make any kind of investment please visit the office of Al Jesour Resort Ltd, at Mohakhali DOHS, Dhaka and talk to them in details. If you invest in this project, it will bring you life-long monthly benefits and you can also enjoy holidays with your family any time of the years.

 

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Hotel Sea Crown Coxsbazar | Best 3 Star Option

The business started from late 2004 to provide a wonderful and real travel experiences to the tourists. Cox's Bazar Beach is minutes away from this hotel. Hotel Sea Crown in Coxsbazar is a Three Star (3 Star) Deluxe Hotel spectacularly designed and added with traditional hospitality of courteous, attractive and personalized service. This attractive hotel is located right on the Beach at a distance of only 100 meter from the Kolatoli turning point. Tourists can enjoy the stunning view of the Bay of Bengal, the Sunset and the waves of the Sea lying on the bed of the Hotel.

 

Location and Address:

The Sea Crown Hotel Coxsbazar is situated in an attractive location near Kolatoli turning point

• This Hotel is located 3.0 km from Cox's Bazar Airport
• 3.5 km from Coxsbazar Bus Terminal
• 100 meter from Kolatoli Sea Beach
• 24 km from the Inani Sea Beach

Hotel Sea Crown in Cox's Bazar Room Price:

Rooms were quite big and sea from every balcony is viewable. As per the information’s provided on the official website of the Hotel Sea Crown, room price are as follows (for updated price list please visit their website).

• Sea Front Deluxe Supreme - Sea Front - Price BDT 7,500: These rooms are to those who want to see the sea and feel the waves. From this room you can enjoy sunset lying in your bed.
• Sea Front Deluxe - Sea Front - Price BDT 7,000: Sea front deluxe rooms are to those who want to see the sea and feel the waves. From this room you can enjoy sunset lying in your bed.
• Super Deluxe Triple - Sea View - Price BDT 6,500: Ideal for small family, all rooms offer triple accommodation with one queen size bed and one single bed with private balcony from where one can enjoy the Sea View.
• Super Deluxe - Sea View - Price BDT 5,500: Offer couple accommodation with one queen size bed with private balcony from where one can enjoy the sea facilitated with 32″ Flat TV, local & IDD Phone, and well equipped toilet with running hot and cold water, split type air conditioner.
• Economy Deluxe - Price BDT 4,000: Offer couple accommodation with one queen size bed with facilitated with 32″ Flat TV, local & IDD Phone, and well equipped toilet with running hot and cold water, split type A/C.
• Presidential Suite - Top Floor - Sea View - Price BDT 40,000: Located on the top Floor of the Hotel Sea Crown building having stunning sea facing view. The Suites are well decorated and furnished. Every Suite consists of two couple bedded rooms (king size bed), a dining room, a kitchen, the best sea view balcony in Cox′s Bazar from where one can enjoy the Sea, the Sunset & the waves of the Sea.

Services and Facilities at Hotel Sea Crown Cox’s Bazar:

• Complimentary Buffet Breakfast
• Restaurant
• Bar-B-Q
• Billiard Center
• Sea Level Bar
• Secured Car Parking
• Elevator
• Rent a Car
• LED TV
• 24 Hours Room Service
• Free WiFi Facility
• Mini bar
• Laundry Service
• Conference Hall
• Travel Desk
• Air Port Pickup and Drop
• Stand by Generator
• Hot and cold water supply

 

Hotel Sea Crown Coxsbazar Contact Details:

 

Hotel Sea Crown:

Marine Drive, Kola Toli New Beach, Cox’s Bazar, Bangladesh

Telephone: +88 0341-64795, 0341-64474

Mobile: +88 01817-089420

E-mail: reservation@hotelseacrownbd.com

 

Dhaka Office:

Hosna Centre, Suite # 209, 106 Gulshan Avenue, Gulshan Model Town, Dhaka-1212,

Telephone: +88 02-5506 8951, +88 02-5506 8952

Mobile: +88 01833-331702 - 06

E-mail: reservation@hotelseacrownbd.com

 

Mymensingh Office:

Shamim Enterprise Pvt. Ltd. 4, K.B. Islam Road, Mymensingh

Telephone: 091-52394, 091-65012

 

Advice and Warnings:

All of the above, especially room rent and communication, are collected from the hotel's own website and the rest of the information is collected from the Internet. So it would be wise to visit the website of Hotel Sea Crown in Cox’s Bazar at least once before booking (www.hotelseacrownbd.com).

 

Thanks,

 

Related:

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3 Star Hotels in Coxs Bazar

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Hotel Royal Tulip in Coxsbazar

Long Beach Hotel in Coxs Bazar

Ocean Paradise Hotel Coxsbazar

Hotel Sayeman Beach Resort in Coxbazar

Praasad Paradise Hotel & Resort

Hotel the Cox Today in Coxsbazar | Bangladesh

Prashad Sholilkul | 5 Star Hotel in Inani Beach

Praasad Paradise Hotel & Resort at Coxsbazar | Bangladesh

The Praasad Paradise is one the closest Beach Hotel & Resorts at Cox's Bazar. This Hotel & Resorts offers both Towers Rooms and Cottage rooms for the tourists. Large windows offer panoramic views of the Bay of Bengal which is absolutely remarkable and memorable. Garden Surroundings Cottages which is unique in Coxsbazar with 4 Rooms each and can also be taken partially. Praasad Paradise Hotel & Resort is one of the best for a pleasure trip, family tours, honeymoon or even business travels, the authority serves better for your comfortable stay in a friendly environment with absolute professionalism and expertise.

• Seven storied hotel Building
• Ten Exclusive independent garden bungalows each contain 4 bed rooms
• Round the clock Restaurant
• Eye-catching Swimming pool
• Open green playground for children
• Exclusive conference facilities
• 24 hours highly secured sea beach with recreation facilities

 

Hotel Praasad Paradise Room Prices:

There are total 84 rooms (Hotel Building-44 rooms & Cottages- 40 rooms). As per the information’s provided on the official website of the Praasad Paradise in Coxsbazar, room price are as follows (for updated price list please visit their website).

Tower Rooms at Praasad Paradise Hotel & Resort:

• Deluxe-DBL/Deluxe-Twn: Price is BDT 6,325/= with additional 10% supplementary charge and 15% VAT, Extra Bed: BDT 1,000/=
• Super Deluxe DBL/Twin: Price is BDT 7,590/= with additional 10% supplementary charge and 15% VAT, Extra Bed: BDT 1,000/=
• Royal Deluxe: Price is BDT 13,915/= with additional 10% supplementary charge and 15% VAT, Extra Bed: BDT 1,000/=
• VIP Suite: Price BDT 15,000/= with additional 10% supplementary charge and 15% VAT, extra bed: BDT 1,000/=.
• Deluxe- 3 Bed: Price is BDT 7,337/= with additional 10% supplementary charge and 15% VAT, extra bed: BDT 1,000/=
• Super Deluxe- 3 Bed: Price is BDT 8,602/= with additional 10% supplementary charge and 15% VAT, Extra Bed: BDT 1,000/=

Cottages Rooms at Prasad Paradise Hotel & Resort:

• Full Cottage: Price is BDT 25,300/= with additional 10% supplementary charge and 15% VAT, Extra Bed: BDT 1,000/=
• COTTAGE TOP 1: Price is BDT 6,958/= with additional 10% supplementary and 15% VAT, Extra Bed: BDT 1,000/=
• COTTAGE TOP 2: Price is BDT 6,958 with additional 10% supplementary charge and 15% VAT, Extra Bed: BDT 1,000/=
• COTTAGE GROUND 3: Price is BDT 5,946/= with additional 10% supplementary charge and 15% VAT, Extra Bed: BDT 1,000/=
• COTTAGE GROUND 4: Price is BDT 5,440/= with additional 10% supplementary charge and 15% VAT, Extra Bed: BDT 1,000/=

Dining and BBQ at Prashad Paradise Hotel & Resorts:

Praasad Paaradise is firm favorite with at least three generations of foodies in Bangladesh. From gas to charcoal grills, we've got in depth reviews on your BBQ cooking appliances. Our restaurants, BBQ, Dining’s are:

• Meghna: Price BDT 5060/=
• Surma: Price BDT 20240/=
• Rupsha: Price BDT 12650/=
• Amritsari Fish: Price BDT 599/=
• Tandoori Tikka: Price BDT 999/=
• Sattu roti: Price BDT 100/=

Recreation at Prasad Paradise Hotel & Resorts in Cox’s Bazar:

Hot Ice Cool Water- If you like swimming and relaxing it is an ideal place to stay, it is with a connecting indoor and outdoor swimming pool it is perfect. There is also Hot tub and Infinity Pool facility.

Events & Conference at Praasad Paradise:

The facility looks very unassuming from the outside but inside it is well organized with top quality AV equipment, chairs, tables, drinking water etc. Everything maintains and serves by professionals.

• Sales Conference: Price BDT 20,000/=
• Culture Events: Price BDT 50,000/=

 

Hotel Praasad Paradise Contact Number:

 

COX’S BAZAR:

Plot# 9, New Beach Road, Hotel-Motel Zone Cox’s Bazar, Bangladesh

TEL: +88-034164403

Hotline: +88-01556347711, 01556347722

Hotline: +88-01511-994477, 01511994478, 01511994479

Email: info@praasadparadise.com.bd

 

DHAKA Office:

Road# 29, House# 2/E (4th Floor), Gulshan-1, Dhaka-1212

TEL: +88 02 9852530-31-32

Hotline: +88-01556347711, 01556347722

Hotline: +88-01511-994477, 01511994478, 01511994479

Email: sales@praasadparadise.com.bd

 

Advice and Warnings:

All of the above, especially room rent and communication, are collected from the hotel's own website and the rest of the information is collected from the Internet. So it would be wise to visit the website of Praasad Paradise Hotel & Resort in Coxsbazar at least once before booking (www.praasadparadise.com.bd).

 

Thanks,

 

Related:

5 star hotels in Cox’s Bazar

3 Star Hotels in Coxs Bazar

Seagull Hotel in Coxsbazar

Hotel Royal Tulip in Coxsbazar

Long Beach Hotel in Coxs Bazar

Ocean Paradise Hotel Coxsbazar

Hotel The Cox Today in Cox'sbazar

Hotel Sayeman Beach Resort in Coxsbazar

Sea Crown Hotel Cox bazar | Best 3 Star

Prashad Sholilkul | 5 Star Hotel at Inani Beach