Luxurious Apartment in Anandpuri, Patna Sale volumes at India ’s top 25 listed real estate companies have almost halved in the last two years. According to Knight Frank sale volumes have dropped 43 percent from January 1, 2012 to December 31, 2013 thanks to buyers deferring property purchases in all pockets of our country, including Patna . Knight Frank says buyers have stayed away on account of a high interest rate regime, unaffordable realty prices and an uncertain job market. In Patna add to these, the drama that the Nagar Nigam and Patna High court played for one and half years regarding the building bye laws. The stress on builders’ balance sheet is palpable in the country. In Patna the stories of builders in Patna been wiped out and many flocking to Jharkhand, Bengal and even metros is widespread. In fact in most colonies of Patna you can see an incomplete residential project where no work is on in Patna real estate . Kn
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