REAL ESTATE PATNA

Residential properties in Patna Developers in Patna would be expecting increased traction during the festive season though, the demand in most part of the city remained lack  lustre  last year in 2014. And not to forget the state elections too will influence decision making of the home buyers in Patna . Interestingly, despite lower demand, developers in Patna do not seem to reduce their base selling prices but are offering various innovative payment plans, such as possession linked plans where one has to pay only 10 to 30% up front and the rest can be paid at the time of possession. This shows that Patna real estate market is definitely facing the heat due to unsold inventory. In the secondary market, a substantial discount is available on under-construction properties in Patna . The primary reason of this lower transaction volume is unaffordability. Residential real estate prices in Patna have traversed the affordability levels in Patna property market due to various

Patna Property The Ashiana-Digha road is a two-way road that is 7m wide. Once the drain beside it is covered, the stretch from Ashiana Mor to Rajeev Nagar drain would become 14m wide and the road will assume two lane status. The 2.8-km stretch of the Ashiana road would be a bit higher than the existing one which too has a seven-meter wide carriage way. At four points along the stretch, cuts would be left in the median for the convenience of commuters. These cuts would be located near the Ashiana Colony, Ramnagri Mor, Magistrate Colony Mor and between the Bailey Road junction and Magistrate Colony Mor. What does this development mean to the real estate of the area? The first and foremost reaction of the residents is “delayed” according to a survey conducted by hyper local real estate portal of Patna, buysellrentpatna.in . It was in the 1990s that the first development on Patna’s western frontier was staged by private local developer in the form of Ashiana Nagar ; phase one