Property Buying Process in Bangladesh

The process of buying an apartment in Bangladesh typically involves the following steps (described in short):

  1. Property search: First, you need to decide on the location, budget, and type of apartment you want to buy. You can search for apartments online, through property portals or classified ads, or through a real estate agent.

  2. Property inspection: Once you find a property that meets your requirements, you should arrange to visit the apartment and inspect it thoroughly. Check the condition of the apartment, its surroundings, and any amenities that are included.

  3. Due diligence: Before finalizing the purchase, you need to conduct due diligence to verify the property's legal status and ownership. You should check the land documents, building plan, ownership deed, and any encumbrances or liens on the property.

  4. Financing: If you need financing to purchase the property, you should arrange for a home loan from a bank or financial institution and compare the interest rates. You will need to provide the necessary documents and meet the eligibility criteria for the loan.

  5. Purchase agreement: Once you are satisfied with the property and have arranged financing, you need to sign a purchase agreement with the seller. This agreement outlines the terms and conditions of the sale, including the purchase price, payment schedule, and transfer of ownership.

  6. Registration: After signing the purchase agreement, you need to register the property with the relevant government authority. You will need to pay the registration fees and provide the necessary documents, including the purchase agreement and proof of ownership.

  7. Handover: Once the property is registered in your name, you need to take possession of the apartment. You should inspect the property again to ensure that everything is in order before taking possession.

  8. Mutation: After registration you have to complete the Mutation procedure from concerned authorities 

Buying an apartment in Bangladesh can be a complex process, so it is important to work with a trusted real estate company or lawyer to ensure that everything is done correctly.

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