UpcomingDemo Project — Uttara
Uttara
Dhaka
Joint Venture Developers in Uttara
A joint venture with Purple Holdings turns land you already own into apartments you own, without selling a single katha.
- building here
- 1
If you own land in Uttara, the reason developers approach you is straightforward: there is no more of it. The sectors are built out, nothing new is being released, and the metro has made the location more valuable than it was when most of these plots were allotted. A developer who wants to build in Uttara has to come to somebody who already owns a plot, and if that is you, it is worth understanding how strong a position that is before you negotiate from it.
A joint venture works the same way here as anywhere. You keep the land. The developer designs, approves and builds at their own cost, and the completed apartments are divided between you and the developer in a ratio agreed before construction starts. You pay nothing and you receive apartments rather than a lump sum, which is why owners who intend to keep property rather than liquidate it generally prefer it to selling outright.
What sets the ratio is the plot, not the area. Size, road frontage, whether it is a corner, and the approved floor area after setbacks all move it, and in Uttara the sector moves it too, because a building in an established sector close to a station commands more than the same building further out. Ask any developer to show you the floor area calculation for both sides before discussing a ratio at all. A proposal that opens with a ratio and works backwards tells you which of you has done the arithmetic.
Where an older building already stands on the plot — increasingly common in the established sectors — the arrangement is a redevelopment, and two extra items belong in the agreement. Where you live during construction, at whose cost, and for how long. And what happens to any tenants, which is a real obligation rather than a detail. Both cost money, both are negotiable, and neither improves by being left until later.
The rest is the ordinary discipline that decides whether a joint venture goes well: your apartments identified by floor and facing rather than as a percentage, the handover date with a stated consequence if it passes, the finishing specification written as brands and materials, and who pays the utility connections and RAJUK fees. Then ask for references and telephone them. An owner who has already been handed over to will tell you plainly whether the building was finished on time and to specification, and that conversation is worth more than any brochure, ours included.
On 10 Katha, roughly 18,000 sft of building
You keep55%≈ 9,900 sft
We build and take45%≈ 8,100 sft
Indicative only. The final ratio depends on the plot, the road it sits on and what RAJUK approves.
What we have built in Uttara
Go and look at them. A building you can visit says more than anything on this page.
UpcomingWhat we have delivered
- years developing in Dhaka
- 05
- since 2021
- projects handed over
- 100+
- since 2021
What people ask before they say yes
- What if the building is never finished?
- Placeholder copy. The handover date is a term of the agreement, not a hope. Construction is funded before it starts, and you hold the land throughout — we cannot sell what is not ours.
- How do I know the ratio is fair?
- Placeholder copy. The split is worked out from your plot size, the road width and what RAJUK will approve, and we show you the arithmetic before you sign anything.
- Am I getting less than I would have a few years ago?
- Placeholder copy. Possibly, and it is fairer to say so. The 2022 Detailed Area Plan cut the permitted floor area across much of Dhaka, so the same plot supports a smaller building than it once did. It applies to every developer equally. We quote what your land supports today, not what it used to.
- Do I lose control of my land?
- Placeholder copy. The deed stays in your name. A joint venture is a development agreement, not a sale, and nothing transfers.
How it goes, from here
You send the plot details
TodayPlaceholder copy. Size, location and road width are enough to start. The form below takes two minutes.
We visit and assess
Within a weekPlaceholder copy. We look at the plot, check what the zoning allows, and work out what can be built on it.
We agree the share and the signing money
2–3 weeksPlaceholder copy. You see the proposed split, the floor area it represents and the money paid to you at signing — all three in writing, before anything is signed.
Approvals and design
3–6 monthsPlaceholder copy. We take the RAJUK approvals and the design through to sanction, at our cost.
We build, you receive
Per agreementPlaceholder copy. Construction is funded and managed by us. On completion you take possession of your share.
Want to know what your plot in Uttara could support?
Develop your landWhat we put in writing
Placeholder copy. Everything below is written into the joint venture agreement before construction starts.
A handover date in writing
Placeholder copy. The date is a term of the agreement, with a stated consequence if it slips.
A materials specification you can check
Placeholder copy. Brands and grades are named in the agreement rather than described as "premium", so you can verify them on site.
Service after handover
Placeholder copy. The building is looked after once the keys change hands, not abandoned at completion.
Joint ventures in Uttara
The questions landowners here ask. If yours is not among them, ask it in the form below.
Why do developers want joint ventures in Uttara?
Because the sectors are built out and no new plots are being released, so the only way to build here is with somebody who already owns land. Combined with the metro improving journey times, that puts landowners in Uttara in a genuinely scarce position.
What share does a landowner keep in Uttara?
It follows the plot rather than the area: size, road frontage, corner or not, the approved floor area after setbacks, and the sector. Rather than quote a figure that may not apply to your land, we work it out against your plot and show you the floor area on both sides before anything is agreed.
What if there is already a building on my plot?
Then it is a redevelopment, and two further items belong in the agreement: where you live during construction, at whose cost and for how long, and what happens to any existing tenants. Both are negotiable and neither improves by being left until later.
What should be in a development agreement before I sign it?
Your apartments identified by floor and facing rather than as a percentage, the handover date and the consequence if it slips, the finishing specification as brands and materials, who pays utility connections and RAJUK fees, and whether you may sell your share before completion.
More around Uttara
Nearby areas
Tell us about your land
Three boxes, and no obligation of any kind. We will tell you what your plot could support and what a fair split would look like on it.
We ask about the plot itself on the next page, and you can skip it — your details reach us either way.
Not ready to commit? Send the details anyway. We will tell you what your plot could support, at no cost and with no obligation.