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Showing posts from April, 2015

The slowdown in real estate Patna is bliss for RE-SALE property market in Patna.

BUY SELL RENT The real estate of Patna has hit a road block in last two and half years. The policy and regulatory log jams seems to be never ending. No new residential or commercial projects in Patna have seen the light of the day in last two years. The main culprit for this scenario is ban on passing any design maps by the government body. The mayhem created by the stakeholders of Patna real estate has one beneficiary though. The re-sale property market is the only saving grace of Patna Real estate in last two years. The re-sale property market always exits in any real estate market side by side. It is always a shadow. What is striking in Patna Real Estate market in last two years that the Re-sale has assumed the main role. Even what is sold in Patna as new is actually the “hold-ups” by builders in Patna of the inventory in the good old days or the leftovers. The reasons are easy to guess; as no new maps have seen the light of the day therefore no new constru