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Showing posts from June, 2013

Senior citizens' homes a serious segment of future for real estate in Patna.

Buy Sell Rent Patna Patna real estate scene will witness the emergence of senior citizens' homes as a new market segment as the number of projects and housing stock directed at this section of population will rise fast. The status of seniors in Patna real estate market will experience a sea-change, owing to their growing cohort size, augmented financial independence and change in mindset. They will no longer be considered withdrawn, risk averse and financially dependent. The immense potential of this segment, with its unique needs and promises, will offer an array of opportunities to the Patna real estate market. The developers in Patna seriously need to explore this segment actively. The early birds will have distinct advantages. In   Patna , large numbers of households are nuclear and a significant per cent of the population is aged 60-plus, indicating that the aged are in greater need of support than ever in Patna . Therefore, the number of housing units being ...

Buyers in Patna seek 2BHK units; developers build larger homes in Patna.

Buy Sell Rent Patna How often do we come across a situation wherein supply in the real estate market is not aligned with market demand? The answer may be “YES”; in most cities. A similar situation looms large on the Patna real estate market. BuysellrentPatna has found, there is a significant mismatch between demand and supply of different configurations. While 2BHK seems to be the preferred size for buyers in Patna , developers in Patna are largely building 3BHK units. The data also shows that supply for 2BHK units has remained just above 30 per cent, while that of 3BHK has inched up slightly and settled at 45 per cent of the total supply in the real estate market in Patna during the same period. Units of 2BHK have remained the preferred category with nearly 45 per cent share of the market demand. This indicates a considerable difference of nearly 15 per cent between demand and supply of 2BHK apartments in Patna . Buyers in Patna are price sensitive. Most of the dem...

Green buildings are costlier in Patna.

Buy sell Rent 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 i...

How to Find the Best Commercial Property for Sale in Patna

Buy Sell Rent Patna If you want to have a smooth experience in the real estate purchase in Patna , then it is highly essential that you look for a professional real estate agent so that you get the finest deal. Nowadays with the growing popularity of various businesses, you will find a lot of commercial property for sale in the property market in Patna . These commercial real estate agents will help you in buying or selling the property efficiently. They play a vital role in the success of any business. In these tough economic times, it is necessary that you re-examine all the aspects so that you get the best deal in Patna . Purchasing a commercial property in Patna is not at all easy. You require making a sensible and careful decision. However, there are many organizations that overlook this aspect and then at the end, regret with their decision. A reputed real estate agent in Patna will help you by providing the commercial property for sale listings. You can dedicate your ...

Real Estate Investment in Patna: - A CONTRARIAN VIEW

Buy Sell Rent Patna Most people in Patna are convinced that real estate is a great asset. More caution is in order. Real estate investment in Patna is not a guarantee of profit. Real estate in Patna is hard to be diversified, and illiquidity hampers portfolio structuring. Most important, the outlook for supply over the medium term in property in Patna implies that there is no great upside from here.   Too many intelligent people in Patna believe that one can never do wrong by investing in real estate in Patna . Some facts will help bring more sense. Consider investing in the best commercial real estate of Bombay -- Nariman Point -- in 1994. The price was Rs.35,000 per square foot. Today, almost 20 years later, the price is Rs.25,000 a square foot.   Over this period,   Nifty produced returns of 362%. Inflation ate away 272%. Net of inflation, Nifty delivered an average annual return of 1% while Nariman Point commercial real estate; one o...