Building possibility | The Daily Star
12:00 AM, November 13, 2015 / LAST MODIFIED: 02:53 PM, November 17, 2015

Building possibility

SAK Ekramuzzaman, Managing Director of Rakeen Properties,talks about his plans for the property business

There is a saying in modern day Bangladesh that if one inherits or buys a piece of land, then one can easily live a laidback life. This saying makes us think about how the property and developing business flourishes in our country. From high-rises to apartment buildings, developers have taken the business to a whole new level. Rakeen Properties is starting its journey in this business, but the projects they are undertaking are sure to amaze residents of the city.

SAK Ekramuzzaman, Managing Director of Rakeen Properties, started off collaborating with a big developing company in Dubai. Over time, the collaboration came to a halt and Rakeen started operating as an independent company. “Though we come from a business which produces ceramics and textiles, property development has become our focus right now,” says Ekramuzzaman.  Their first project, which has created a buzz all over, is Bijoy Rakeen City. The project is being developed in Mirpur on 16.06 acres of land. The city will include 36 buildings which will have a total of 1,950 apartments. It will also have schools, shopping malls, mosques, and a business area.

 This fully equipped mini-city will resemble much of the international market. “We plan on bringing in the aspects of property development that we see in countries such as America, Singapore, and Dubai. Bangladesh is a land of possibilities. No one in the world can match our manpower and resources. We want this project to showcase just that,” said the Managing Director. He also added, “Rakeen Bijoy city will have everything that you'd find in cities like New York or Doha. We are working very hard to give a little piece of the American dream to our clients.”

The business that flourished a decade back has gone down due to worldwide economic crises, which also affected businesses in our country. “Making profit in the property business is quite hard right now, but that is not our focus at the moment. This modern city will be our trademark project and the first of its kind. It will set an example for future developments,” concluded Ekramuzzaman.

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