Looking to buy property in Patna in 2015 Festive Season….?

For the Patna real estate market, 2015 festive season will be action-packed. The combination of festivals and state elections will ensure that there is a lot at stake in Patna property market. The overall Bihar economy represents a tale of two fronts promising great plans for Bihar’s future. Both the packages as announced by CM & PM will bring in “अच्छे दिन ” for us, if implemented after the elections. After poll Bihar requires a stable government for the real estate Patna to get back its glory after two and half years of gloom that resulted in poorer business confidence. The overall sentiment needs to be rehabilitated explicitly with the formation of new stable Government in Bihar this festive season.

A slew of measures for real estate in Bihar is required by the new government. It is high time that the real estate is given much importance in Budget of the state. Bihar cannot miss the urbanization train which is a must for agriculture to boom in the state. Taking cues from the overall policies for real estate, the institutional investors both domestic and overseas will exhibit increased appetite and enthusiasm to re-engage with the Patna realty business.

The commercial property market inPatna needs a booster dose with a few big ticket deals as occupiers will start taking long pending real estate decisions after the elections. This will trigger strong transaction volumes witnessed earlier in Patna in terms of absorption.

In Patna residential real estate, there is an increase in enquiries for residential properties in Patna but transaction volumes have not yet started picking up in Patna. The dawn of new building bye laws and new master plan for Patna might push up the overall demand this festive season. In terms of new project, developers will launch various new projects during festive season to harness the benefit of improved sentiments and seasonal demand. Developers in Patna expect increased transaction during the festive season. Developers in Patna are in no mood to reduce their base selling prices but are ready to offer various innovative payment plans and freebies.

Patna realty 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 unaffordable. Residential real estate prices have traversed the affordability levels in Patna due to various reasons such as escalation in input costs, high interest rates and burgeoning land prices. Although, it is difficult to forecast the Patna real estate market which is highly sentiment driven. In 2015 festive season, Patna property market is expected to continue edge further into recovery.

Naubatpur; an ace investment destination for land buyers in Patna

If you want to put your money somewhere and forget about it, buying land in suburbs of Patna like Naubatpur could be the investment vehicle you’re looking for. Think about it: land is a long-term, tangible asset that doesn’t wear out and doesn’t depreciate. If you go into investing in land with the intent of holding the right property for the long-term , it can make a lot more profits than any other investment asset class out there. Buildings can be replaced and demolished, whereas land is a valuable and finite resource , with only limited quantities available. And Bihar has a population of 15 Crores and per capita income of Biharis are increasing in double digits. Land investing is for the patient, smart investor, someone who is willing to hold for the long-term or pass it on as a legacy. It’s for the investor who is looking ahead for 10 – 15 years. Land is a smart long-term hold, allowing you to win the benefits of rising values. Especially if you buy in an area like Naubat

Land Prices in Patna and Patna Real Estate.

Buy Land in Patna It is the rising price of land in Patna that keeps the price of real estate in Patna always increasing because the land price is the most important price factor in the real estate price in Patna. But at the same time land prices in Patna are also dependent or better say partially dependent on real estate developments in Patna. With rising real estate developments the land prices too head northwards. This very symbiotic relationship between land prices in Patna and development in Patna real estate is major cause of real estate bubbles in Patna. Yes, it is interesting to decipher whether it is high prices of houses in Patna that makes the land prices in Patna higher or is it high land prices that makes buying a house in Patna exorbitant. The price of property in Patna is made of material cost, labour cost, intangibles like location & brand, marketing and administration costs (for builders and developers in Patna), registration & stamp duty cost, tax

WHAT IS THE MEANING OF “AFFORDABLE” FOR HOME BUYERS IN PATNA?

A survey conducted by our company on 100 flats’ buyers in Patna found that two out of every three homebuyer in Patna s ank in more than 50% of his total savings into the down-payment itself for purchase of flat in Patna . Flats as investment vehicle is never attractive in Patna as rental yields are very low in Patna and property prices in Patna are elevated in many localities. The ‘ideal flat in Patna’ should provide the convenience without the compromises, be affordable and have great resale value. Since this is an elusive dream, home-buyers in Patna should focus on one or two items on their wish-list. It is important to find a good middle-ground between utility and affordability while buying property in Patna . For a middle class resident of Patna, AFFORDABLE means property in Patna under the Rs 50 lakhs bracket. Because the AFFORDABILITY measure = Ratio of EMI to Monthly income. A middle class family in Patna earns around Rs 75000/- monthly income ( ear

Kashif18 April 2020 at 16:30
Nice Blog Post… If someone wants to take a flat or apartment in your budget of 1bhk, 2bhk and 3bhk, then Godrej Hillside noida extension is giving you a good real estate property.
Kashif18 April 2020 at 16:33
https://buysellrentpatna.blogspot.com/2015/08/looking-to-buy-property-in-patna-in.html?showComment=1587207637986#c7662608551983110633

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