Skip to main content

Advent of IT corridors can reap good benefits for Patna real estate.





buy sell rent Patna
The real estate in Patna is on a high growth path, since last few years. Now to take property in Patna to another level of QUALITY; IT industry can play a major role. The influx of IT set-ups across India has given a push to the demand and supply of residential as well commercial space in the country. Patna real estate can therefore hope for the same result with the advent of IT sector in Bihar. Till now the real estate Patna has increased in capital value more due to supply and locational advantage. With the advent of IT property market in Patna will emerge and largely grow due to government policies, talent pool, subsidies and relocation & expansion strategies of IT/ITeS companies.

The advantages of investing in residential apartments in Patna along the much awaited IT corridor in Patna will be significant for most of the IT driven markets. Focus on physical and social infrastructure will attract migration of families and talent pool specific to the IT industry and encourage corporate or IT companies to relocate and expand their establishments in Patna real estate IT market. This would enhance the increase in capital values for the investors and satisfy an end user with good amenities and living comforts in Patna.
 On the other hand, IT companies in our country are focusing on cities which would drive demand from talent, resources, cost of living and connectivity. The decision also depends on the cost of capital to set up their operational base. Patna therefore can fit their design and if government of the state takes certain initiatives; Patna will soon see IT boom.

No doubt investing in IT corridors supported with government initiatives on infrastructure, development in the periphery of Patna would be a good option for investment for end-users and investors both in Patna real estate.
Labels:
Location: Patna, Bihar, India

Comments

Post a Comment

Popular posts from this blog

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
171 comments
Read more

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.
74 comments
Read more

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
158 comments
Read more