Suvastu Real Estate Ltd.

What Suvastu Real Estate Ltd. does

Suvastu Real Estate Ltd. is a privately held real estate developer founded in 1994 and headquartered at Suvastu Imam Square, Gulshan-1, Dhaka. The company develops premium residential apartments (typically 1,700–2,850+ SFT with 3–4 bedrooms) and commercial office and retail spaces in Dhaka's most prestigious micro-markets, including Gulshan, Dhanmondi, Bashundhara, Banani, Lalmatia, Mohakhali DOHS, Jolshiri Abashan, and New Eskaton. Its portfolio includes ongoing projects such as the 32-story Suvastu Skyline Avenue commercial tower at 55 Gulshan Avenue (with 119 parking spaces and 7 high-speed elevators), Suvastu Bashanto Bilash (33-unit residential-cum-commercial, sold out, handover June 2026), and Suvastu Akber Center in Dhanmondi (10-story commercial with 2,498 SFT units).

The business is led by Founder and Chairman Architect Rezaul Hoque Sirajee (FIAB), a 1992 graduate of BUET who has personally supervised more than 200 projects over three decades, with structural engineering oversight from Dr. Sk. Sekender Ali, former Dean of Civil Engineering at BUET. Suvastu generates revenue primarily through one-time sales of completed residential and commercial units to individual affluent buyers and commercial investors, with sales conducted directly via its Gulshan headquarters, phone, WhatsApp, and website inquiry channels. A secondary revenue mechanism is the Joint Venture Program, in which landowners contribute land parcels and Suvastu develops and sells the resulting project, sharing proceeds. The company operates with a lean corporate team of approximately 10 employees and outsources construction execution, and it has raised no external funding rounds to date.

Name

Suvastu Real Estate Ltd.

Legal name

Suvastu Real Estate Ltd.

Website

https://suvasturealestate.com.bd

Company type

Private

Founded year

1994

Operating status

Operating

Short description

Suvastu Real Estate Ltd. is a Dhaka-based, founder-led real estate developer founded in 1994 that builds premium residential apartments and commercial properties in Dhaka's most prestigious neighborhoods, serving affluent individual buyers, commercial investors, and landowner joint-venture partners.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611), Residential Building Construction (2361)

SIC

Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

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

akta.pro secondary industries

Retail & Mixed-Use Commercial Construction (IMAFACAB), Residential Luxury / High-End Home Construction (IMAFABAJ)

Keywords

• Real estate development
• Residential apartments
• Commercial properties
• Mixed-use developments
• Property development

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Residential Property Sales: One-time sales of residential apartments ranging from 1,700 to 2,850 square feet, targeting families and individuals seeking luxury housing in Dhaka's prime locations including Gulshan, Dhanmondi, Bashundhara, and Jolshiri Abashan.
2. Commercial Property Sales: Sales of commercial office spaces, showrooms, and retail units in high-traffic business zones like Gulshan and Dhanmondi, targeting businesses and investors seeking prestigious addresses.
3. Joint Venture with Landowners: Partnership model where Suvastu develops projects on landowner-owned land, sharing proceeds from property sales.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Suvastu Real Estate Ltd. develops and sells residential apartments, commercial office spaces, and mixed-use properties in prime locations across Dhaka, Bangladesh. The company constructs luxury residential projects (3-4 bedroom apartments ranging from 1,700 to 2,850+ SFT), commercial buildings (office spaces of 2,500 to 10,000+ SFT), and mixed-use developments, primarily in Gulshan, Dhanmondi, Bashundhara, Banani, and other upscale Dhaka neighborhoods. They also operate a joint venture program for landowners to develop their land into modern properties.

Product overview

Suvastu Real Estate Ltd. is a real estate development company operating in Dhaka, Bangladesh, with a portfolio of residential apartments, commercial office spaces, and mixed-use projects. The company offers a range of property types including luxury apartments (3-4 bedrooms ranging from 1700-2800 SFT), commercial office spaces (2500 SFT and above 10000 SFT), and residential cum commercial developments. Projects are located in prime Dhaka areas including Gulshan, Dhanmondi, Bashundhara, Banani, Lalmatia, Mohakhali DOHS, Jolshiri Abashan, and New Eskaton. The portfolio includes both ongoing and upcoming projects with handovers scheduled through 2028, along with a Joint Venture Program for landowners.

Differentiator

Problem solved

Functional benefit

Products and services

• Suvastu Skyline Avenue A 32-storied iconic commercial building at 55 Gulshan Avenue, Dhaka, offering flexible office spaces, 6-level basement parking for 119 cars, and 7 high-speed lifts with handover in 2025. Targeted at businesses seeking prestigious addresses in Dhaka's prime commercial district.
• Suvastu Akber Center – Dhanmondi A premier 10-storied commercial property at Plot 58/KHA, Satmasjid Road, Dhanmondi with 2,498 SFT office spaces, parking for 16 cars, and two lifts. Targeted at businesses seeking office space in a high-traffic business zone.
• Suvastu Aminul Palace – Jolshiri Abashan Premium residential development offering 2,766 SFT south-facing apartments with 4 bedrooms, 4 bathrooms, and 3 balconies, G+M+8 floors on 5 katha land. Targeted at affluent families seeking luxury housing.
• SUVASTU Bashanto Bilash – New Eskaton Residential cum commercial development with Type A (1,865 SFT), Type B (1,863 SFT), and Type C (1,816 SFT) south-facing apartments featuring 3 bedrooms and 3 bathrooms, with 33 units and 43 vehicle basement parking capacity. Handover scheduled for June 2026.
• Suvastu Khadiza Villa – Mohakhali DOHS Luxury 2,700 SFT north-facing apartments with 4 bedrooms, 4 bathrooms, and 3 balconies, G+7 residential project on 5 Katha plot. Targeted at families seeking premium housing in Mohakhali DOHS.
• SUVASTU Mir House – Bashundhara Upcoming premium residential project in Bashundhara Block K offering 1,901-2,000 SFT north-facing 3-bedroom apartments, G+8 building on 5 katha land. Targeted at families seeking modern apartments in Bashundhara.
• SUVASTU Mona Panorama – Bashundhara 10-storied residential project at Plot 5, Road Abdus Sobhan 1st Sarani, Block A, Bashundhara offering 2,056 SFT single-unit apartments per floor. Targeted at families and individuals seeking residential space in Bashundhara.
• SUVASTU Tripty Nirh – Lalmatia Upcoming G+8 east-facing residential project in Lalmatia Block A offering 2,200 SFT apartments with 4 bedrooms, 4 bathrooms, and 3 balconies on 6 katha land. Targeted at families seeking residential space in Lalmatia.
• SUVASTU Velora Vista – Jolshiri Abashan 2,764 SFT single-unit apartments at Jolshiri Abashon, 10-storey G+M+8 residential building on 5 katha land with lift and ground parking. Targeted at families seeking residential space in Jolshiri Abashan.
• SUVASTU Zafar Garden – Bashundhara 9-storied residential building at Plot 248, Road 3, Block K, Bashundhara offering 1,789 and 1,807 SFT single-unit apartments with lift access. Targeted at families seeking residential space in Bashundhara.
• Joint Venture Program Partnership program for landowners to transform their land into modern residential or commercial developments through joint venture arrangements, with Suvastu handling construction, sales, and sharing proceeds with landowners. Targeted at landowners in Dhaka seeking professional development partners.

Quantifiable outcome

• 300+ projects successfully completed since foundation
• +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 indicators8 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Navana Real Estate Limited: Dhaka-based residential and commercial developer with a similar premium apartment and commercial space portfolio in prime city locations. Most directly comparable mid-tier Dhaka competitor targeting the same affluent buyer segments.
• Asset Developments & Holdings Limited: Dhaka-focused real estate developer building apartments, commercial spaces, and mixed-use projects in upscale neighborhoods. Directly comparable product mix and customer target.
• Eastern Housing Limited: Listed Dhaka real estate developer focused on luxury apartments and gated residential communities. Comparable in product category and target market, with broader geographic footprint in Bangladesh.
• Mehnaz Homes: Premium Dhaka apartment developer offering high-end residential projects in locations such as Gulshan and Banani. Closely aligned on luxury-segment positioning and product size.
• Doreen Real Estate: Dhaka-based developer of luxury apartments and commercial properties serving similar high-net-worth segments. Comparable product category with overlap in premium locations.
• Building For Future Limited (BFF): Bangladesh real estate developer with residential and commercial projects in Dhaka targeting middle-to-premium buyer segments. Similar project structure and GTM via direct sales.

Broad incumbents

• Sheltech (Shelter Properties Limited): One of the largest established Dhaka developers with wide-ranging residential and commercial portfolio. A broader incumbent in the same market with overlapping product lines but greater scale.
• Bashundhara Group (Real Estate Division): Diversified conglomerate with a major real estate arm developing large-scale residential and mixed-use projects in Dhaka. Competes broadly but operates at significantly larger scale than Suvastu.

Emerging players

• Ananda Properties Limited: Smaller Dhaka real estate firm focused on premium residential apartments in select neighborhoods. Comparable niche positioning but smaller scale and project footprint.
• Credence Housing Limited: Dhaka-based residential developer building premium apartments in upscale neighborhoods. Comparable product positioning in the luxury residential segment though with narrower portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Suvastu Real Estate Ltd.