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Showing posts from July, 2014

What really defines luxury in Patna real estate market?

Luxury Apartment in Patna The question ‘does location provides you with luxury?’ is an interesting one. Is a family that lives in a compact, old, stuffy and featureless 2 BHK flat in Exhibition road , Patna living in luxury? Or would such a family live in luxury if it sold this flat in Patna and moved to a more modern, spacious, comfortable and better appointed flat in New Patna, Gola Road or Shaguna Mode ? Given the ever worsening shortage of land in the prime locations of our city, Patna ; Property prices in central areas of Patna are largely beyond affordability for most home buyers in Patna . Homes in such locations are bought by the extremely rich for the sake of address value and easy access to the business avenues, even if they lack the superior amenities of newer, more modern buildings in further-flung areas in Patna . In such cases, the luxury factor is vested almost exclusively in the snob appeal of the location in Patna .   For a family living in Exhib