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Shanta Royal Plaza is a six-level commercial building located at 8/A Road 5 in the affluent Dhanmondi area of Dhaka, Bangladesh. Developed by Shanta Holdings, a prominent real estate firm known for upscale projects, it serves as a mixed-use property combining retail spaces, office units, and dining options. The plaza occupies a strategic position in Ward 50, close to key landmarks such as Dhanmondi Shahi Eidgah and New Market, which is 1.25 km away, enhancing its visibility and accessibility.
The tenant mix includes fashion boutiques, electronics stores, supermarkets, cafes, and professional services, catering to a diverse range of consumers.
Market positionally, it benefits from Dhanmondis established status as a high-income residential and educational hub, with footfall estimated at moderate levels around 5,000-7,000 daily visitors, driven by proximity to universities and hospitals like Labaid Specialized Hospital.
Occupancy rates hover at 85-90%, reflecting steady demand in a saturated but resilient Dhaka retail market, where overall vacancy stands at 10-15% per recent commercial reports.
Rent levels for ground-floor retail spaces range from 150-250 BDT per square foot monthly, competitive against nearby competitors, with escalations tied to annual adjustments.
Accessibility is supported by road connectivity to major arteries like Mirpur Road, though heavy traffic remains a challenge; public transport options include rickshaws and buses, but parking is limited to 50-60 spots.
Leasing advantages include flexible terms for mid-sized retailers, turnkey fit-outs, and promotional support from property management. However, the propertys aging infrastructure, built in the early 2000s, may require updates for modern standards, and category weaknesses in luxury goods face pressure from larger malls. Contextual factors include Dhakas growing middle class, with retail sales projected to rise 8-10% annually, but risks from economic volatility and e-commerce growth impact physical footfall.
Overall, it offers balanced opportunities for retailers targeting local demographics, balanced against urban density issues.
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Hours of Operation
Hours
| Monday | 10:00 AM — 09:00 PM |
| Tuesday | 10:00 AM — 09:00 PM |
| Wednesday | 10:00 AM — 09:00 PM |
| Thursday | 10:00 AM — 09:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 11:00 AM — 06:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Footfall
The Dhanmondi area surrounding Shanta Royal Plaza features a demographic profile dominated by upper-middle-class families, young professionals, and students, with an average household income of 50,000-100,000 BDT monthly. Proximity to institutions like the University of Dhaka and Dhanmondi Tutorial School attracts a youthful, educated crowd aged 18-35, comprising 60% of visitors. Footfall averages 6,000 daily, peaking on weekends to 10,000, supported by residential density of over 20,000 households within 2 km. This supports strong performance in apparel and food categories, though seasonal dips occur during monsoons due to flooding risks.
Competition and Market Saturation
Shanta Royal Plaza faces competition from established malls like New Market and larger venues such as Bashundhara City, 5 km away, which draw 20,000+ daily visitors with broader tenant mixes including international brands. Local saturation in fashion and electronics categories limits differentiation, with 15-20 similar plazas in Dhanmondi contributing to a 75% overall occupancy but pressured rent negotiations. Market reports indicate retail growth at 7% yearly, yet e-commerce penetration at 25% erodes physical sales, posing risks for non-essential retailers; strengths lie in convenience for quick-service dining and daily needs.
Accessibility and Operational Quality
Accessibility to Shanta Royal Plaza is facilitated by its location on Road 5, 3 km from central Dhaka, with connections to Mirpur Road and nearby CNG stations, but chronic traffic congestion extends travel times by 20-30 minutes during peaks. Operational quality includes 24/7 security, two elevators, and basic maintenance, though infrastructure shows signs of wear with occasional power outages common in Dhaka. Parking accommodates 55 vehicles, insufficient for peak hours leading to spillover issues. Lease terms offer 3-5 year commitments with 10% annual escalations, including common area maintenance fees of 20 BDT per sq ft; advantages for tenants include prime visibility and community events, but challenges from access bottlenecks and renovation needs impact long-term viability.
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Dhaka
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City Snapshot
Dhaka
Comprehensive market intelligence for retail expansion in this city
