Green buildings are costlier in Patna.

It is challenging for builders to construct green buildings in Patna as they are 25-35 per cent more expensive than normal housing structures in vogue and there are less home buyers for green homes in Patna. In fact developers in Patna say that the green buildings are futuristic and home buyers in Patna are not very aware of its benefits in the long run. Therefore the lack of awareness does not allow them to pay higher prices for green homes in Patna. Developers of residential projects in Patna say that despite the benefits, constructing a green building remained a challenge when it came to the initial capital outlay and immediate returns on investment in Patna.

Considering the changes in global climate, rising population, pollution, related regulations and also com- mercial concerns vis-à-vis power crisis, running cost and pressure on urban infrastructure in Patna, green practice will become a necessity rather than a matter of choice in the next 10 years. Though, currently Patnaites are not aware about their advantages.

Along with environmental concerns, the most obvious objective of constructing green buildings will be to bring in energy efficient practices, thus reducing consumption of power and water. Bihar has acute power shortage. However, in the short term, real estate developers find the initial cost of deploying energy effi- cient systems a major hindrance in pricing the residential and commercial projects in Patna.

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Naubatpur; an ace investment destination for land buyers in Patna

If you want to put your money somewhere and forget about it, buying land in suburbs of Patna like Naubatpur could be the investment vehicle you’re looking for. Think about it: land is a long-term, tangible asset that doesn’t wear out and doesn’t depreciate. If you go into investing in land with the intent of holding the right property for the long-term , it can make a lot more profits than any other investment asset class out there. Buildings can be replaced and demolished, whereas land is a valuable and finite resource , with only limited quantities available. And Bihar has a population of 15 Crores and per capita income of Biharis are increasing in double digits. Land investing is for the patient, smart investor, someone who is willing to hold for the long-term or pass it on as a legacy. It’s for the investor who is looking ahead for 10 – 15 years. Land is a smart long-term hold, allowing you to win the benefits of rising values. Especially if you buy in an area like Naubat

5 TOP LOCATIONS TO INVEST IN LAND IN PATNA

How to pick a desirable Investment location in Patna Real Estate? There are a lot of factors that are important when it comes to select a property to invest in Patna real estate. A great location is one of the most important factors. However, finding out whether a property in Patna has qualities that you are interested in and a great location suitable for investment; requires quite a bit of research and even search. It's important to recognize that the locals are an invaluable source of knowledge about any location for investment in Patna real estate . Just mention to someone in a local chai dukaan that you are looking to buy land in the area !! You'll find that people are more than willing to share knowledge and insights about that area. You will be told even about the number of transactions going on in recent times and even tentative prices prevailing in that area in that chai dukaan . Locals can give pointers as to the most profitable locations in Patna real estate.

Land Prices in Patna and Patna Real Estate.

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REAL ESTATE PATNA

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