Emerging real estate trends In Patna 2013

Today, the real estate industry in Patna has become one of the major investment sectors for the residents of Bihar and NRBs (non resident Biharis). This industry is playing an important role in the formation of the Bihar’s economy in the present economic situation.

There are various developments and elevations which are taking place in the real estate sector in Patna with more number of apartments in Patna and owning to this, real estate is growing on a fast pace. Various factors are responsible for the growth of real estate sector in Patna. A key factor for the development of real estate in Patna is the kind of policies adopted by the state government to enable easy investments in the industrial and the economic sector in the state. In the past few years, the government of

India

has adopted a new stand regarding the foreign direct investment (FDI) policies which encourages other countries to invest in Indian properties. The passage of two crucial bills, Real Estate Regulation Bill and Land Acquisition Bill, in particular, sometime in the next few quarters this year will boost the sentiment of all stakeholders and herald a new order in the country's and therefore Bihar’s real estate.

The real estate in Patna is one of the major revenue generating sectors in the state. The growth of real estate s sector influences the economy of Bihar directly. Owning a property in Patna is one of the greatest assets and is one of the most profitable investments in Patna.There is very less chances of a loss in the real estate. The growth graph in property investment in Patna is escalating day by day and the new trends will further escalate it.

Factors that have and will accelerate the rapid growth of real estate in Patna;

The steady expansion and the development of the IT sectors in Patna will play a major role in the development of the real estate sector in Patna. The constant expansion of the IT sectors; MNC and corporate firms will give way for the growth of the real-estate sector in Patna; the commercial and residential sector. Apparently it will also provide better employment opportunities to the people of Bihar. The easy access to the bank loans has resulted in easy property investment. There are various national and multinational banks in India which offer easy property loans; naturally this makes it easy for the property buyers even from the middle-class in Patna. The growth of the Bihar’s economy is one of the fastest all over the country and world. This factor directly influences the real-estate sector of Patna.

Apart from just the increase of the Bihari investors, there are also various NRB (non resident Bihari) real estate investors. The realtors in Patna have portrayed the property investment as an element of lifestyle and a splurge of luxurious apartments with beautiful commercial complexes and extraordinary retail ventures in 2013. This in turn has attracted the NRB potential property buyers. There is an increase in the number of NRB property buyers in Bihar who are planning to settle down in Bihar in future, as well. Ever since the real estate sector underwent a rapid upsurge, Biharis from various countries and states of

India

have been relocating here.

Why should one invest in Patna real estate?

· The ever growing economy, increasing purchase power of people and demand for real estate sector.

· Demand for millions of square feet for offices and industrial space. Increasing presence of number of renowned companies and a demand for office space in Patna.

· Real estate in Patna creates huge returns. Also most NRBs are making a huge profit out of their investment in real estate in Patna.

· Development in various other sectors like IT, ITES, BPO, auto-components, chemicals, apparels, pharmaceuticals, jewellery, food processing and agriculture based industries will in turn attract more investors in real estate Patna.

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.

Buy Land in Patna It is the rising price of land in Patna that keeps the price of real estate in Patna always increasing because the land price is the most important price factor in the real estate price in Patna. But at the same time land prices in Patna are also dependent or better say partially dependent on real estate developments in Patna. With rising real estate developments the land prices too head northwards. This very symbiotic relationship between land prices in Patna and development in Patna real estate is major cause of real estate bubbles in Patna. Yes, it is interesting to decipher whether it is high prices of houses in Patna that makes the land prices in Patna higher or is it high land prices that makes buying a house in Patna exorbitant. The price of property in Patna is made of material cost, labour cost, intangibles like location & brand, marketing and administration costs (for builders and developers in Patna), registration & stamp duty cost, tax

Andrea Laura27 April 2013 at 22:44
Information is pretty good and impressed me a lot. This article is quite in-depth and gives a good overview of the topic.

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Unknown13 May 2013 at 19:00
Good One ! IT sectors will surely drag in Real estate companies.. Its predicted that all main cities of India will have demand for real estate. Real Estate in Oman had similar outcome.
sapna29 May 2013 at 15:07
Hi,
I like your post, it’s very interesting and useful for us, this may be very helpful to all.
I have some information about real estate investing.
Link: BPTP New Projects Gurgaon
http://www.bptpnewprojects.com
Phone to tune in: +91 9811 999 666, 11 4950 0000.

Darren Demers21 April 2020 at 16:31
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