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Bproperty Partners with IPDC, Looks to Collaborate on Property Validation and Home Loan

IPDC Finance and Bproperty.com Limited have recently signed an agreement, where Bproperty will do price valuation and legal validation of mortgaged properties of IPDC Finance. The partnership, the first of its kind in Bangladesh, will see a financial institution entrusting a non-financial institution with responsibilities that pertain to its core business process. 

Clients who take a home loan through Bproperty will also be able to avail home loans with lower processing fees, faster processing privileges, and many other services from IPDC. 

The signing of the agreement took place on January 28th, 2021, at the IPDC Finance Corporate Office in Gulshan Avenue. Syed Ashiqur Rahman Rean, General Manager of Bproperty, and Savrina Arifin, Acting Head of Retail Business of IPDC Finance, signed the agreement on behalf of their respective organizations. Others present at the signing included the CEO of IPDC Finance, Mominul Islam. Ishtiaque Shahriar, Head of Products & Marketing, Sirajus Saleken, Head of Mortgage, and Mohammad Shahidul Islam, Head of Asset,  were also present from IPDC Finance and Rejbeen Ahsan, General Manager, Mahzabin Chowdhury, Head of Marketing, Nafis Shahnawaz, Area Head-Sales, and Anik Shimanto, Area Head-Sales and Assistant Manager- Product, Imran Farid were present from Bproperty. 

Mominul Islam, CEO of IPDC Finance, said that “This partnership will allow us to provide fast and effective home loans to consumers. I believe that such partnerships will enable our valued customers to build their own dream home in the future.” 

Regarding the agreement, Mark Nosworthy, CEO of Bproperty, said, “Our partnership with IPDC Finance will help us provide consumers with the opportunity to receive home loans in much quicker times when compared to before. This makes the process of buying property a lot easier and more convenient. We will also be working with IPDC to improve their understanding of home loan values, using Bproperty’s extensive market coverage, so as to ensure the best service for home loans to consumers in Bangladesh'' 

Bproperty, Bangladesh’s only complete real estate solutions provider is a part of the Emerging Markets Property Group (EMPG), which has operations in 16 countries with over 20 years of experience. Bproperty has always worked towards making the process of real estate transactions a lot simpler, and this partnership goes a long way towards achieving that. 

In the last four years, Bproperty has mapped and collected vital data on over 2.8 million properties in Dhaka and Chattogram. With over 400 operations personnel, Bproperty has been able to keep tabs and collect valuable data on everchanging property prices in both these cities. This allows Bproperty to make predictions regarding the prices of properties based on the data it has within 30 minutes.  

Being a proptech company, Bproperty is heavily invested in Big Data Technology and valuation algorithms. This enabled Bproperty to not only predict the prices of properties, but also to identify the needs of customers, and introduce numerous other services such as Bproperty Rental, Bproperty Interior, and PayRent. 

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