Premier Plaza project underway in Dhaka

Dhaka: Building Technology and Ideas (BTI), a leading real estate company, has undertaken a construction project at a cost of Tk 100 crore.

BTI is constructing the complex, named Premier Plaza, consisting of five towers with both residential and commercial spaces, over a land of 68-katha in Dhaka. Off Pragati Sharani, the 14-storey towers have a combined 117 apartments, ranging from 1,007 square feet to 2,303 square feet.

The first three floors of the project will be used for commercial purposes, the ground and basement for car parking, the fourth will be common to all for recreation and the remaining floors (5th-13th) are marked for residential purposes. The complex will have a 156-car parking facility.

'The construction of the project has already begun. We have so far invested Tk 25 crore in it,' said a BTI official. He also said the apartments would be ready for handover by 2012.

BTI will formally announce the project on February 14, However, work began in July 2007, said Rumana Malik, an architect of BTI.