Dhaka, Feb. 15 -- In a move that has sparked frustration among property owners, East West Property Development Ltd. (EWPD), a subsidiary of Bashundhara Group, has increased the land ownership transfer fee back to BDT 10 lakh per katha, significantly impacting those looking to sell or transfer property in Bashundhara Residential Area.

The fee had previously been reduced to BDT 5 lakh per katha following the August 5th movement, which highlighted concerns over excessive developer-imposed charges. However, the recent reversal means that owners of a 10-katha plot must now pay a staggering BDT 1 crore just to transfer ownership-an amount that is among the highest in the country.

Owners of Bashundhara plots are being impacted the most as this...