Dhaka, the capital of Bangladesh, is experiencing incessant process of urban expansion but mostly in an unplanned manner. To accommodate the growing population and various urban uses the city is experiencing vertical expansion in the inner city areas and horizontal expansion by encroaching the peripheral land. The Dhaka Metropolitan Development Plan (DMDP) 1997-2015 proposed strategies of Urban Consolidation to optimize the city growth in the established urban areas by vertical expansion and through infill development on vacant land. But there is no such organized program undertaken to implement the consolidation strategies stated in the DMDP. This explorative study is an attempt to find the potentiality of urban consolidation process in Dhaka. The research aims to investigate the qualitative and quantitative status of available amount of vacant and underutilized land for redevelopment to ensure the optimum utilization of the scarce urban land.