Tropical Homes

What Tropical Homes does

Tropical Homes Limited is a Dhaka-based, private real estate developer founded in 1996 that builds residential and commercial projects with modern amenities. The firm also offers joint development arrangements, allowing landowners to participate in projects rather than requiring Tropical Homes to acquire parcels outright, which broadens its deal pipeline and reduces land-capital intensity. The company employs 101-250 people and operates as a for-profit entity headquartered in Bangladesh.

The business operates in a capital-intensive, project-cycle-driven model typical of South Asian real estate developers: revenue is generated through the sale or lease of completed units, with cash flow tied to project milestones (land acquisition, construction, handover). Tropical Homes is founder-led, with Md. Rezaul Karim serving as Chairman and founder, and has operated under the same brand for nearly three decades, suggesting an established local market position in Dhaka.

Information is materially limited: the company's website renders only a verification/loading page rather than substantive company information, and the available source data provides no financials, project pipeline details, customer segmentation, or technology stack disclosures. Consequently, while the functional description is grounded in the firmographic data, deeper operational, financial, and strategic particulars cannot be verified from the input.

Name

Tropical Homes

Website

https://www.tropicalhomesltd.com

Company type

Private

Founded year

1996

Headcount range

101–250 employees

Short description

Tropical Homes Limited is a Dhaka, Bangladesh-based private real estate developer founded in 1996 that builds residential and commercial projects with modern amenities and offers joint development options to landowners.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

Keywords

• Residential real estate
• Commercial real estate
• Property development
• Joint development
• Real estate construction

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales

Core offering

Tropical Homes Limited is a real estate developer that builds residential and commercial property projects equipped with modern amenities. The company also offers joint development opportunities, partnering with land owners to develop their land into residential or commercial projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Real Estate Development Development of residential property projects equipped with modern amenities, targeting individual home buyers and families in the Dhaka, Bangladesh market.
• Commercial Real Estate Development Development of commercial property projects equipped with modern amenities, serving businesses, investors, and corporate buyers in Bangladesh.
• Joint Development Partnerships Joint development arrangements where Tropical Homes partners with land owners to develop their land into residential or commercial projects in Bangladesh.

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves2 records

Expansion highlights2 records

Direct peers

• Rupayan Group: Bangladesh conglomerate with a sizable real estate division developing residential and mixed-use projects in Dhaka. Comparable by geography and product mix to Tropical Homes.
• Confidence Group: Bangladesh real estate developer active in residential and commercial projects across Dhaka. Directly comparable by segment and Bangladesh-only focus.
• Eastern Housing Limited: One of Bangladesh's oldest listed real estate developers, focused on residential and commercial projects primarily in and around Dhaka. Directly comparable to Tropical Homes in geography, segment, and product type.
• Building Technology & Ideas Limited (BTI): A leading Dhaka-based residential and commercial real estate developer with a multi-decade track record. Closely comparable in scale, geography, and joint-development approach.
• Assure Group: Dhaka-based residential and commercial real estate developer offering modern-amenity projects, very similar positioning to Tropical Homes' described offerings.
• Navana Real Estate Limited: Bangladesh developer of residential and commercial real estate, part of Navana Group, operating primarily in Dhaka. Comparable by product type and market.
• Sheltech (Shelter Properties Ltd.): One of Bangladesh's largest residential developers with apartment projects across Dhaka. Comparable by product category and customer segment.
• Bay Developments Limited: Bangladesh-focused residential real estate developer building apartments and commercial spaces in Dhaka. Directly comparable by geography and offering.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/tropicalhomesltd
• LinkedInlinkedin.com/company/tropical-homes-limited

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 Tropical Homes