Milestone Zamzam City – Project Overview
Milestone Zamzam City is a new condominium community on Staff Quarter Main Road, adjacent to Banasree M Block, Dhaka. The development covers about 163 kathas (≈1.1 million sqft) of prime land and comprises 8 residential towers (each B+G+17 floors) with 5 units per floor, totaling 640 apartments. Construction is slated to finish by late 2030 (tentative).
Unit mix: There are two flat types. Type A flats are 1,350 sqft with 3 bedrooms, 3 bathrooms, 3 balconies, drawing/dining rooms, kitchen, store, 1 parking spot and a 100 sqft retail shop on the ground floor. Type B flats are 2,700 sqft with 5 bedrooms, 5 bathrooms, 5 balconies, drawing/dining rooms, kitchen, store, a servant room, 2 parking spots and a 200 sqft shop. The project features an earthquake-resistant design, 24/7 CCTV, modern fire-safety systems, high-speed elevators and pure deep-tube well water supply.
Amenities: Zamzam City offers extensive lifestyle facilities. These include a rooftop prayer area, swimming pool, gym/fitness center, community hall, landscaped rooftop gardens and children’s playground. It also provides 3 lifts and dual staircases per tower for safety.
Ownership model: Flats are sold on a joint land-share (উপ-কবলা) basis. Each buyer registers a proportional undivided share of the project land in their name at the Sub-Registrar’s office. This “land share” purchase covers the flat’s land cost (e.g. Tk 22 lakh for a 1,350 sqft unit as marketed) and buyers then pay construction cost in installments. Upon completion, specific flat and parking allocations are done by lottery to ensure fairness. This model means buyers become co-owners on the land title (avoiding a separate apartment deed). Milestone highlights that all transactions are through banks with official receipts and that land shares can be resold if the buyer opts out.
Location and Connectivity
The site is at Banasree–Staff Quarter–Demra Road (a key Dhaka artery toward Purbachal, Sylhet and Chittagong). This road is being upgraded into the Hatirjheel–Demra Expressway, so Zamzam City will be directly on a future four-lane highway connecting inner Dhaka to eastern districts. The Trimohoni Bridge (≈250 m away) spans the Turag canal and links Banasree to Rampura/Khilgaon areas, drastically cutting travel time to central Dhaka (e.g. Motijheel, Shahbag, Farmgate). (The expressway’s official route passes through Rampura, Banasree and Staff Quarter as noted on the highway map.) A local bus stand (Trimohoni Stand, ~200 m) and auto-rickshaw/jatri modes further improve access.
Neighborhood: South Banasree is a planned residential area (by Eastern Housing) with wide roads and blocks. Top schools (Banasree Ideal, National Ideal, other English/Bangla-medium institutions) lie nearby. Farazi Hospital is within a few minutes, along with numerous clinics and pharmacies. Daily needs are covered by local markets (e.g. 10-Tola Market), supermarkets (Shwapno, Meena Bazar), mosques and banks within 1–2 km[19]. The Rampura TV Centre and Hatirjheel area are ≈10–15 min away, accessible via the Banasree main road flyover.
Future connectivity is strong: Dhaka’s planned MRT Line-5 (Southern Route) is expected to run near Rampura–Banasree (e.g. a stop by Staff Quarter Road), which would add mass-transit access. In short, Zamzam City combines a “quiet” residential enclave with very fast arterial links into Dhaka and beyond.
Legal Title and Sub-Kobla Scheme
In Bangladesh, apartment projects often use joint land-share registration (“sub-kobla”) so buyers hold title as co-owners of the land. Under this model for Zamzam City, an individual’s share of the land is registered via a Sub-Kobla sale deed (sub-division of the original landowner’s kobla). The project emphasizes that this gives a full ownership title on par with a house plot (rather than a flat sale agreement). As stated in the project’s disclosures: “Secure purchase through joint land share ownership … fully documented and secure”.
All building construction costs are then paid by buyers in scheduled installments. Milestone’s process includes a lottery to assign each buyer’s specific flat number and parking slot, ensuring transparency. Notably, as a land co-owner the buyer saves on the higher deed registration fee for a separate apartment sale (the “resale” deed). In summary, the sub-kobla approach transfers land equity to buyers at the outset and ties flat allocation to a fair lottery, which the developer cites as an advantage in peace-of-mind and legal clarity.
Market Pricing and Investment Notes
Comparable prices: Recent resales in South Banasree suggest market rates around Tk 6,000–8,500 per sqft for similar mid- to high-end flats. For example, a 1,250 sqft ready flat in Banasree Block G was listed at Tk 85 lakh (~Tk 6,800/sqft), and a luxury 1,936 sqft unit at Tk 16.5 crore (~Tk 8,500/sqft). These figures align with Milestone’s own estimate (BDT 5,000–8,500/sqft resale) which is below elite Dhaka areas like Gulshan or Bashundhara. The advertised land-share price (i.e. base land cost) for a 1,350 sqft flat is about Tk 22 lakh, to which construction installments add (totalling roughly an additional Tk 18–25 lakh by handover, per sources).
Investment context: Banasree historically shows steady appreciation as a densely-inhabited, well-served suburb. Given Milestone Zamzam’s Amenities and legal model, the developer positions it as a safe, family-friendly community with strong resale/rental potential. Buyers should note, however, the long build-out: completion is tentatively 2030. This means roughly 6–7 years of installment payments before possession, so financing and market conditions should be considered. On the plus side, payments are made in tranches (no large upfront lump sum) and allocations are by lottery, reducing developer risk of non-payment. All transactions are banked with receipts, offering transparency.
Risks: As with any under-construction project, risks include potential delays or cost overruns. There’s no public record of disputes for this project or developer, but long timelines can strain buyers. Market-wise, Dhaka’s property market overall remains strong but cyclical; however, Banasree’s relatively lower price-point and planned amenities help maintain demand. In summary, Milestone Zamzam City offers a modern, well-connected living environment with a unique land-share purchase model. Its advantages include comprehensive facilities and legal safeguards, while the main caveat is the extended construction schedule (and the usual real-estate market risks).
Sources: Official project brochure and website (Milestone Properties); Bangladesh property listings and news; Dhaka transport infrastructure data. These provide the details above.
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