Land ownership in Bangladesh has long been a complicated and debated topic, stuck in unclear or confusing legal rules, historical legacies, socio-political influences, and flawed administrative practices. Despite a well-built statutory framework established through laws such as the State Acquisition and Tenancy Act (1950), the Land Reform Ordinance (1984), the Registration Act (1908), and lastly the Constitution (1972), the practical reality often renders land ownership as more mythical than material. This article examines the legal system that deals with land ownership and use in Bangladesh and critiques the distinctions between legal provisions and ground-level implementation, ultimately framing land ownership as a “myth and mirage” within the prevailing legal ecosystem. This paper examines the concept of private land ownership in Bangladesh through the lens of statutory instruments that, while formally recognizing proprietary rights, structurally undermine them through procedural, regulatory, and administrative mechanisms. Despite constitutional acknowledgment of property rights, the interplay between various statutes reveals that land ownership is a legally fragile, conditional entitlement rather than an inviolable right.