Skip to main content

INFRASTRUCTURE AND BASIC AMENITIES WILL BE THE MAIN TRIGGERS FOR RESIDENTIAL GROWTH IN PATNA.



BUY SELL RENT PATNA

The reasons for investment in Real Estate Patna are mostly constant, but the situation is always dynamic. The reasons for property in Patna to appreciate can be varied, we saw a great increase in property prices in Patna when the law and order situation improved in Patna in the present regime but the fact remains that development of basic amenities and infrastructure are the biggest drivers for Patna to emerge as a winner in the future and the long run. 
Every city that has witnessed an interest in improving the “livability” factor of its residents has been rewarded by growth on all fronts. Patna would not skip this rule either. Satellite townships around all major metro cities are prime examples of planned and sustained growth, both for end-users and investors. There has been a clear upsurge in demand in the residential sector in Patna.

The economic slowdown has brought greater rationality to real estate prices in Patna and the government has displayed intent in developing the infrastructure and quality of life. Vital public infrastructure is the greatest driver for the development of any vertical in the real estate sector in Patna since good infrastructure, especially “Connectivity” leads to mushrooming of residential developments which in turn will create a ripple effect for development of other commercial segments including office space, retail, hospitality, health & entertainment in Patna.

Whatever infrastructure has been developing/developed in Patna has invariably set off real estate activity in the vicinity. The other drivers for real estate in Patna are the work & play aspects. With the “Mall” culture being slowly accepted as a way of life in Patna and the introduction of major brands – both international & domestic, discounts, competitive pricing, varied options, organized events and other entertainment options, the retail segment has definitely become a major commercial market driver to contribute significantly to the revival process in the real estate industry in Patna.

Changing lifestyles, increase in demand for branded products, favorable demographic patterns, increasing consumerism in Patna and an upswing in rural consumption has and will continue to fuel real estate growth in Patna. Communities can be shaped by choice, or they can be shaped by chance. We can keep on accepting the kind of communities we get, or we can start creating the communities we want through the power of our investments in Patna by both the public and private sectors.

Comments

Popular posts from this blog

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.

WHAT IS THE MEANING OF “AFFORDABLE” FOR HOME BUYERS IN PATNA?

A   survey conducted by our company   on 100 flats’ buyers in Patna found that two out of every three homebuyer   in Patna   s ank in more than 50% of his total savings into the down-payment itself for purchase of flat in Patna .  Flats as investment vehicle is never attractive in Patna as rental yields are very low in Patna and property prices in Patna are elevated in many localities. The ‘ideal flat in Patna’ should provide the convenience without the compromises, be affordable and have great resale value. Since this is an elusive dream, home-buyers in Patna should focus on one or two items on their wish-list. It is important to find a good middle-ground between utility and affordability while buying property in Patna .  For a middle class resident of Patna, AFFORDABLE means property in Patna under the Rs 50 lakhs bracket.   Because the AFFORDABILITY measure = Ratio of EMI to Monthly income. A middle class family in Patna earns around Rs 75000/- monthly income ( ear