Integrated residences will be the new real estate mantra in Patna.

When you are setting out to purchase the home in Patna you always dreamed of and saved for, you obviously want something more than just an anonymous set of walls in a congested city centre or even on outskirts of ever growing Patna. There is a lot more to the perfect home than good construction, layout and fittings - a residential property in Patna needs supporting social and physical infrastructure to become a suitable home. In Patna, integrated townships will be seen as the answer to these requirements. However, land constraints, zoning laws and the budgetary considerations that govern property buyers in many areas of Patna, often do not make the integrated township model feasible. A more practical and feasible alternative is integrated residential projects in Patna.

What are integrated residential projects?

Like integrated townships, this compact and serviceable model offers home buyers everything they need for a comfortable and healthy lifestyle. Such projects have schools, shopping and entertainment facilities, healthcare and easy access to public transport. Also, they are a boon to people who wish to live in a non-urban environment while attending to their jobs in the workplace catchments of the city. Residential real estate investors in Patna, on their part, can capitalize on the higher demand and therefore, the higher ROI (returns on investment) that such properties offer. The higher investment potential of homes in integrated residential projects stems from the fact that they are self-sufficient and self-sustaining. A direct outcome of this is that the resale value of such properties is as good as immune to market volatility. Due to the diversified nature of such projects, they represent very low risk to property investors in Patna.

Challenges for developers in Patna

Builders in Patna who will cater to the demand for integrated residential projects face quite a few challenges. After all, they have to provide the advantages of integrated townships while having to forego the considerable incentives that the government offers for the development of larger townships. Therefore, the initial capital required is extremely steep - right from land acquisition to the providing of physical and social infrastructure. The areas where the integrated residential projects can be successfully implemented is Patna's sister city – Danapur or Khagaul. One of the primary reasons for the success of the integrated residential projects in these areas will be the fact that these will be located very close to vital workplace hubs in western Patna. This, coupled with the advantages of having 'everything inside', will contribute to the demand for homes in such residential projects in 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

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