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Advanced Angel City to be built in Savar

The satellite township targets middle class

Star Business Report
Advanced Development Technologies Ltd (ADTL) has undertaken the country's "biggest" private housing project.
Under the project stretching on an area of over 60 bighas of land, as many as 2,000 apartments will be built in some 100 buildings.
At a press conference in Dhaka yesterday, officials of the real estate company claimed it to be the country's first-ever satellite township located at Kornopara under Savar upazila.
"Our project will be the first satellite township with all sorts of facilities in the country," said ADTL Chairman SM Anwar Hossain.
The 'Advanced Angel City'is 14-15 kilometres away or a 20-minute motor distance from the JatiyaSangsad (parliament) Bhaban in the capital, he told journalists.
Without elaborating the
project investment, Hossain said, "We are not still sure how much money will be required for such investment, but we expect to sell the apartments at Tk 5,00 crore toTk600 crore".
He added that the unique feature of the project is that ADTL will charge Tk 2,000 a square foot of any apartment in the 'Advanced Angel City', which is half the present market price.
ADTL got the land of the project in exchange for completing around 240 apartments
for police officers under a project 'Advanced Police Town', which helped reduce the cost of the project located near the Bangshi river, Hossain said.
About the target group he said, "We are developing the project targeting the middleclass bracket since it is not possible for them to buy high-cost apartments in Dhaka at the present high rate."
Flats of 12 different sizes ranging from 950 to 1,750 square feet will be built under
the project, scheduled to be complete in 48 months beginning from January next year.
The project will include own water supply using deep tube well, police post, nursery and school, round the clock security, community health club, play ground, departmental stores, shuttle bus service, open space and other facilities, officials said.
Dulal Abdul Hafiz, marketing director of ADTL, was also present at the function.