Dhaka, the capital city of Bangladesh, is one of the fastest growing megacities in the world. With the rapid growth of population and high urbanization rate, Dhaka is bound to expand the borders to accommodate the growing need of space. But this expansion is already taking its toll in the form of environmental degradation and social injustice hampering the geographical sustainability in the process. This study proposes a controlled and well-planned development in the eastern fringe of Dhaka City (comprising of Badda, Satarkul and Vatara) to meet up the challenge of future accommodation requirements. The area being geographically vulnerable with lots of agricultural lands, water bodies and retention ponds, the prime concern is to ensure the geographic sustainability of the area and use all the natural features as a vital tool in the process of development. As a planning technique, Land Readjustment Scheme is applied in this regard. This report contains all the measures and proposals regarding the natural features of the study area as well as the whole process of the development scheme including a financial proposal to recover the cost of the development to make this plan financially viable. Finally, the outcome of the study shows that it can be well implemented as all the objectives are fulfilled to the fullest.