PATNA REAL ESTATE --- THE CHALLENGE IS CHALTA HAI……MINDSET

ARCHIAC laws and still adherence to them is what is gripping everyone associated with the mess Patna real estate construction is in last six months and more. We are in the year 2014 and the state capital of Bihar, Patna, lacks a vision of its urban development for next 25 years. The master plan for the development of the city Patna seems to be no ones’ priority. It seems no one is thinking and secondly no one wants to take responsibility and accountability. It’s hard to believe that our ancestors some 2500 years ago were better townplanners and had built one of the best cities in the world called Patliputra. As unmindful parrots we keep talking about the past glory and the present is in mess to say the least.

Who is responsible for Patna looking as extended village rather than a city by any international standards? We are democratic and therefore the responsibilities lie with the public. Patnaites do not know and are not aware of what better living conditions are possible in their city. How? One and only thing is that people need to work the bare minimum of six hours for six days a week. Patnaites do not WORK. From top to bottom and from bottom to top people in Patna are averse to WORK. Patnaites find thousands of excuses for not working and not one reason to work. The greatest excuses are laws made in Imperialist times to keep the majority of the population under control and in poverty.

The planners and strategist do not have the will to take decisions. They do not know where to draw a full stop and start a fresh page. Patna lacks innovative thinking and seeing the current situation one wonders that how this same land produced the first democracy of the world in nearby Vaishali.

The bureaucracy, the judiciary and the politicians in Bihar do not understand that an agricultural based economy like Bihar needs urbanization the most. URBANIZATION simply means better standards of day to day living using the latest infrastructure development and technology. Urbanization therefore facilitates the service sectors and hence propels the agriculture the most. Somehow the planners in Patna do not understand this little fact.

The advanced construction technology allows that a fifteen feet wide road, with a 360 degree infrastructural development can support a fifteen storey building. What we do in Patna!!! We do not think 360 degree and stop the construction at two storeys. What a way to think. Can the Patnaites realize that FAR (floor area ratio) is an obsolete concept!! It’s the development of all sorts of infrastructure to support the high rises which is important rather than curbing the construction.

Re- development is an alien word in real estate Patna. The planners just do not have re-development in their dictionary in Patna. PATNA REAL ESTATE needs a PIED PIPER where the Pied needs to be made of PLANNING, IDEAS, EXECUTION AND DEVELOPMENT.

Buy sell Rent 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

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

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

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