Dhaka, Aug. 9 -- Afzal Hossain, a resident of a condominium in Shantinagar, enjoys the convenience of daily services within his high-rise building and he dreams of buying another flat in a similar complex for his children in the future like many in the city's middle class.

Owning one or more flats is not Afzal's alone aspiration; it has become a hallmark dream for many upper-middle-class families in Dhaka.

Since the 90s, hundreds of housing companies have emerged in the capital, focusing on constructing tall buildings to meet this demand, while also aiming for maximum profit.

Landowners have joined the trend, hoping to secure partial ownership of such projects, even if they lack the means to build themselves.

According to the Banglade...