History of Dhaka across Bangladesh. A real estate boom has followed the development of new settlements such as Gulshan, Banani and Motijheel. In 1985, Dhaka hosted the inaugural summit of the South Asian Association for Regional Cooperation. It has also hosted the summits of the D8 group and the Organisation of the Islamic Conference. In 1983 City Corporation was created to govern Dhaka and its population reached 3,440,147 and it covered an area of 400 square kilometres. The city was divided into 75 wards. Under new act in 1993 the first election was held in 1994 and Mohammad Hanif became the first elected
Dhaka of the United Nations, the World Bank, the Asian Development Bank and the Islamic Development Bank. Dhaka municipality was founded on 1 August 1864 and upgraded to "Metropolitan" status in 1978. In 1983, the Dhaka City Corporation(DCC) was created as a self-governing entity to govern Dhaka. Under a new act in 1993, election was held in 1994 for the first elected Mayor of Dhaka. The DCC ran the affairs of the city until November, 2011. In 2011, Dhaka City Corporation was split into two separate corporations – Dhaka North City Corporation and Dhaka South City Corporation for ensuring better civic