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

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.

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