With an estimated expenditure of Tk 1,080 crore, Ananta Group, a leading garment exporter, plans to construct Bangladesh’s first environmentally conscious residential complex in the nation’s capital.
Ananta Terraces, is set to become Bangladesh’s first residential gated community to receive a Platinum LEED (Leadership in Energy and Environmental Design) certification. The United States Green Building Council is the source of the recognition.
Nine 21-story towers will be built as part of the project, according to Sharif Zahir, Managing Director, Ananta Group.
In order to promote comfort and good health, LEED-certified homes are made to use safe building materials, clean indoor air, and lots of natural light.
“Using the strategies outlined in LEED, homeowners will have a net-positive impact on their communities,” the business owner stated.
In Bangladesh, several commercial buildings have also received LEED certification.
“I have seen gated communities in the developed countries. Since the purchasing power of the people has increased and the economy has developed, there is a demand for this type of flats.”
The project is expected to be implemented within the next three years.
According to Zahir, the project’s cost might reach Tk 1,400 crore because building material prices are continuing to rise.
For the purpose of implementing Ananta Terraces, Ananta Real Estate Ltd. has secured a syndicated term facility of Tk 500 crore from nine local banks.
As the transaction’s principal arranger and agent, Dhaka Bank PLC will contribute Tk 100 crore to the undertaking.
The other eight banks—Al-Arafah Islami Bank, Bengal Commercial Bank, Mutual Trust Bank, NRB Bank, Prime Bank, Pubali Bank, Shahjalal Islami Bank, and Social Islami Bank—will contribute Tk 400 crore.
The project, which spans more than 43 bighas of land on Madani Avenue, has hired international specialists.
Several institutions, such as United International University, Sir John Wilson School, Chef’s Table Courtside, United City, and Jolshiri Abashon, are already located in the quickly developing region. According to Alam, 64 percent of the project will have green space.
Zahir said it needs a large parcel of land to construct a gigantic project. However, such a large area of land is not available in Gulshan and Baridhara.
“So, we have selected Madani Avenue. We have designed the project to provide a world-class residential facility to dwellers.”
It will feature one shopping mall, retail stores, upscale eateries, supermarkets, and multiplex movie theatres.
The price of flats will be at least Tk 10,000 per square foot lower than those in Baridhara and Gulshan, he noted.
In Bangladesh, the LEED certification is mostly linked with the garment industry. The country now has 207 green apparel factories.
