Beximco Ltd. will enter into a joint venture development agreement and invest with Sreepur Township Ltd. for the development of "Mayanagar" a mixed use, multipurpose affordable real estate project. Mayanagar will be developed on a 100 acre (approx.) land situated on the Nabinagar-Chandra Highway. The development will be a fully secured, gated and self contained township comprising of 18,000 apartments.

Facilities within the township will include healthcare, education, entertainment, sports and recreation as well as all necessary civic and lifestyle amenities. The commercial space will be 5 million sft and includes serviced apartments, hotel, offices, convention center and shopping mall. The entire project will be developed as a green and ecofriendly township.

Presently, 75% of the project land is owned by Beximco Ltd. and 25% by Sreepur Township Ltd. and the profit will be shared accordingly. A globally renowned Architectural and Engineering Consultancy firm has been appointed for the design, development and supervision of the project on a turn key basis. An international EPC contractor will be appointed for the implementation of the project.