Saturday, 10 August 2013

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

Buy Sell Rent 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.

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.

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.

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