What Asset Developments & Holdings does

Asset Developments & Holdings Ltd is a privately held Bangladeshi residential real estate developer founded in 1999 and headquartered at 91 Gulshan Avenue, Dhaka. The company develops, sells, and manages residential apartment complexes across prime Dhaka neighborhoods including Gulshan, Banani, Dhanmondi, Uttara, Bashundhara, Baridhara, and Mohammadpur. Its offering spans the full residential real estate value chain: land acquisition and joint land development with plot owners, architectural and engineering design, construction, apartment sales, post-handover rental management, and ongoing building maintenance. The firm reports 500+ completed residential complexes, 5,000+ apartments handed over, and 150+ projects under construction at any given time.

The company's revenue is driven by one-time residential apartment sales as the primary stream, supplemented by land development joint ventures with plot owners, recurring rental assistance and management services (operating under the Asset Rental Assistance & Management Service sub-brand), and managed after-handover building services covering security, cleaning, maintenance, lifts, and generators. Go-to-market is sales-led, executed through a large dedicated in-house sales and customer relations team backed by brand-building campaigns and organic social media presence on Facebook, Instagram, and YouTube. All sales and service delivery are conducted through direct channels within Bangladesh only, with no disclosed partnerships, resellers, or intermediaries. Pricing is quote-based per apartment; rental and management services operate on monthly subscription packages.

The company employs over 2,000 personnel across management, engineering, architecture, sales, site supervision, and security, with an additional 1,200 dedicated to after-handover building management — together representing the largest workforce by man-years in Bangladesh's residential construction sector. Ownership is management/founder-controlled under Chairman & President Salim Akhter Khan, with no institutional investors, parent company, or public listing. No revenue, valuation, or profitability figures are publicly disclosed. No AI/ML, software platform, app, or API capabilities are evidenced; the business is fundamentally physical-asset and labor-intensive.

Name

Asset Developments & Holdings

Legal name

Asset Developments & Holdings Ltd

Website

https://asset.com.bd

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

251–500 employees

Short description

Asset Developments & Holdings Ltd is a privately held Bangladeshi residential real estate developer founded in 1999, constructing, selling, and managing apartment complexes across Dhaka for individual home buyers, land plot owners, and rental property investors with full-service development and post-handover building management.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116), Land Subdivision (23721)

SIC

Operative Builders (1531), General Bldg Contractors - Residential Bldgs (1520), Real Estate Agents & Managers (For Others) (6531), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industries

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL), Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

Keywords

• Residential real estate development
• Apartment construction services
• Land development partnerships
• Property management services
• Building handover maintenance

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Others

Revenue model

1. Residential Apartment Sales: Primary revenue stream from developing and selling residential apartments. The company constructs residential projects and sells apartments to customers, with over 500 projects and 5000+ apartments completed over two decades.
2. Land Development Services: Revenue from developing land plots for land owners. The company partners with land plot owners, handling everything from project acquisition to completion.
3. Rental Assistance & Management Services: Comprehensive apartment rental management including renting out apartments (unfurnished, semi-furnished, or fully furnished), tenant management, rent collection, property inspections, repairs and maintenance. Serviced over 6000 families in two decades.
4. After-Handover Building Services: Post-handover services including building management, security, cleaning, gardening, monitoring, rent management, civil maintenance, plumbing and electrical maintenance, lift and generator maintenance for apartment buildings they constructed.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Asset Developments & Holdings Ltd constructs and develops residential apartment complexes in Dhaka, Bangladesh, covering the full lifecycle from land acquisition through construction and handover. The company also partners with land plot owners to develop their land into residential projects and provides ongoing after-handover building management and rental assistance services for completed buildings.

Product overview

Asset Developments & Holdings Ltd operates as a real estate development company offering a unified suite of property services centered around residential apartment development. The core offering consists of residential apartment construction spanning from land acquisition through project completion and handover, complemented by land development services for plot owners and an apartment rental assistance and management service for property owners seeking tenant management. A dedicated after-handover building management service provides ongoing maintenance, security, and facilities management for completed buildings. The company's featured projects portfolio showcases over 50 named residential developments across Dhaka's key neighborhoods including Baridhara, Gulshan, Banani, Uttara, Bashundhara, and Mohammadpur.

Differentiator

Problem solved

Functional benefit

Brands

• Asset Rental Assistance & Management Service: Complete apartment rental assistance and management service including renting out unfurnished, semi-furnished or fully furnished apartments, managing handover and takeover, collecting rent and utility bills, providing repairs and maintenance services.

Products and services

• Residential Apartment Development Core homebuilding and apartment development service constructing residential complexes in Dhaka from land acquisition through project completion and handover to home buyers. Over 500 projects and 5000+ apartments have been completed over two decades.
• Land Development Land plot development service for owners of land plots across Dhaka neighborhoods including Dhanmondi, Gulshan, Banani, Uttara, and Bashundhara. The company handles everything from project acquisition and permits through completion, treating land plot owners as partners.
• Apartment Rental Assistance & Management Service Comprehensive rental management service including tenant sourcing, renting out unfurnished, semi-furnished, or fully furnished apartments, managing handover and takeover, rent and utility bill collection, property inspections, repairs, and maintenance. Offered on a monthly subscription package basis.
• After-Handover Building Management Services Post-handover building services delivered by 1200 dedicated personnel covering building management, security, cleaning, gardening, monitoring, rent management, civil maintenance, plumbing and electrical maintenance, and lift and generator maintenance for completed apartment buildings.

Quantifiable outcome

• 500+ residential apartment complexes completed - highest in Bangladesh
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Regional players

• Property Development Ltd (Pran Group): Property Development Ltd is part of the Pran Group conglomerate in Bangladesh. Comparable as a residential real estate developer in Bangladesh where Asset Developments' Chairman previously worked as Corporate Manager and then Director (Marketing).

Direct peers

• Concord Real Estate: Part of Concord Group, one of the established residential developers in Bangladesh with apartment projects across Dhaka. Direct competitor in the same product category and customer segment.
• Building Technology & Ideas Ltd (BTI): One of Bangladesh's largest residential and commercial real estate developers, founded in 1992. Directly comparable as a for-sale residential builder in Dhaka with similar business model of apartment development and sales. Notable because Asset Developments' Chairman Salim Akhter Khan previously served as Marketing Director at BTI.
• Shanta Holdings Limited: Bangladesh-based real estate developer with significant apartment and commercial development operations in Dhaka. Comparable in scale, geographic focus, and product offering of residential apartments.
• Navana Real Estate: Bangladeshi real estate developer in Dhaka focused on residential apartments. Direct peer in product offering, market, and customer base.
• Advanced Development Technologies Ltd: Bangladesh-based real estate developer where Asset Developments' Chairman Salim Akhter Khan was previously Founder Managing Director. Comparable business model focused on residential development in Bangladesh.
• Eastern Housing Limited: Listed Bangladeshi real estate developer focused on residential apartment construction in Dhaka. Directly comparable in core market segment, product type (apartments), and target customer (mid-to-upper income home buyers).
• Suvastu Properties: Established Bangladeshi real estate developer with residential apartment projects primarily in Dhaka. Direct competitor in same product category and target market.
• 4 & 4 Holdings Limited: Bangladeshi real estate developer focused on residential apartments in Dhaka. Direct competitor offering similar product types to similar customer segments in the same geographic market.

Broad incumbents

• Bashundhara Group (Land Division): Bashundhara is a major Bangladeshi conglomerate with a real estate/land division that has developed large residential projects like Bashundhara R/A. While operating across multiple sectors, its residential development competes directly with Asset Developments in Dhaka.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCXCOFdzTtowqfERm51aLiyg
• Facebookfacebook.com/AssetDevelopmentsHoldingsLtd
• Instagraminstagram.com/assetdevelopmentsholdings
• Xx.com/asset_bd
• LinkedInlinkedin.com/company/asset-developments-holdings-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Asset Developments & Holdings