Leading portal operator the Emerging Markets Property Group (EMPG) is in the process of launching bproperty.com, the largest online real estate portal and e-commerce site in Bangledesh.
Announced at the Property Portal Watch Conference in June, EMPG, which operates www.bayut.com in Dubai and Zameen.com in Pakistan is expected to unveil www.bproperty.com very shortly.
“We can’t really announce an exact date yet, but it is likely to be very soon," bproperty managing director Shifatur Rahman told the Dhaka Tribune at a press conference held recently at the company's office in Nikunja.
Fully dedicated to the Bangladeshi market, bproperty.com is expected to be the most comprehensive real estate e-commerce site operating in Bangladesh.
According to Rahman, the new platform will "make house hunting and buying easier" by "enables anyone easily to buy, rent or sell properties in Bangladesh".
Rahman also says bproperty plans to introduce new and easy services to help tenants, flat buyers, land lords, and flat sellers to operate.
"Through (bproperty), a landlord be able to get new tenants more quickly," Rahman told the local newspaper.
The Dhaka Tribune report says a recent survey shows on average, a landlord must take about 13 phone calls and show an apartment to seven prospective candidates before locking in a tenant.
The survey also shows that 37 per cent of prospective tenants take close to six months to find a place to rent.
Bproperty.com aspires to solve all these problems for landlords.
Landlords will be able to post their ‘to-let’ listings on the website for free with hundreds of new prospective tenants in a certain area expected to see the vacancy as a result.
To better support landlords, bproperty.com has also appointed area-based representatives who will collect ‘to-let’ info regularly from landlords/caretakers. These representatives will also assist landlords in other property related issues such as legal or interior design.
Although bproperty.com is an e-commerce site, the Dhaka Tribune report says the business will offer people who prefer face-to-face interaction the option to visit exclusive, bproperty.com customer care centres in major locations including Dhaka, Chittagong and Sylhet.
"This has never been done before at this scale in Bangladesh,” bproperty head of operations Rejbeen Ahsan told the Dhaka Tribune.
The Bangladesh economy has grown at a rate of more than 6 per cent over the last decade with the IMF projected it will record the second highest GDP growth in the world in 2019.
The country has also experienced an upsurge in eCommerce/online portals but the real estate industry still lack a coordinated, large-scale database of properties within the major cities, according to the report.