A land share is a registered, undivided portion of a plot that several buyers purchase together. The group then builds one building on that plot, and each owner receives a specific flat. You usually pay for the land first and for construction in instalments.
Land in Dhaka is so expensive that many families can't buy a whole plot and build alone. A land share is one answer: several people buy one plot together, then build together.
How a land share works
- Choose a plot: a plot is chosen and divided into shares, usually one share per future flat.
- Register the land: each buyer registers their undivided share of the land in their own name at the sub-registry office.
- Approvals and design: RAJUK land-use clearance and building plan approval are obtained.
- Construction: a developer or an owners' committee manages construction, and costs are split by share in instalments.
- Handover: when the building is complete, each owner receives the flat named in the agreement.
Who buys a land share
- People who can't pay the full price of a ready flat at once
- People who want land ownership from day one
- People who can wait until construction is finished
Benefits
- Ownership from the start: your share of land is registered in your name, not just a promise of a flat.
- Pay in stages: land and construction costs are paid at different times.
- Possible savings: without a developer's full margin, the cost per square foot is often lower.
Risks
- Construction delays: work slows if an owner misses instalments or approvals get stuck.
- Owner disagreements: disputes can arise over design, cost or which flat goes to whom.
- Paperwork problems: gaps in land ownership or approvals can stall the whole project.
To reduce these risks, read which papers to check before you buy: 7 Documents You Must Check Before Buying a Land Share
Frequently asked questions
If I buy a land share, do I own land?
Yes. Your share of the land is registered in your name at the sub-registry office. The land is undivided, though: you own a share of the whole plot, not a specific corner.
How is it decided which flat I get?
The agreement should state the flat number, floor and facing. If it doesn't, disputes over allocation can arise later, so confirm it before you book.
Is a land share risky?
There are risks, but checking carefully reduces most of them. Have a lawyer verify the deed, khatian, mutation, RAJUK approval and agreement before you pay.
Talk to Proyojon Abashon
It is normal to have questions before you decide. At Proyojon Abashon, you can review any project's documents at our office, and you are welcome to bring your own lawyer. Call +8801323280004, or visit Level 4, House 23, Road 16, Nikunja 2, Dhaka.
This article is general guidance, not legal or financial advice. বাংলায় পড়ুন: ল্যান্ড শেয়ার কী? প্রথমবার ক্রেতার জন্য সহজ ব্যাখ্যা
Key takeaway
- You own a registered share of land from day one
- Costs are paid in stages
- Delays and owner disagreements are the main risks
- Verify documents and the agreement before you pay