REAL ESTATE PATNA

Rental Properties in Patna At the height of the real estate boom in Patna, some people purchased rental homes in Patna without looking at whether the rental income was enough to cover all the expenses — including the loan if taken — and provide positive cash flows to the investor. Going forward, investors should first be concerned about making sure that the properties in Patna they buy pay for themselves. For example, if one invests Rs 35, 000, 00 in down-payment to buy a Rs, 125, 000, 00 property, they should buy what gives them positive cash flows and more importantly a positive cash-on-cash return on their money. Beware, because many propertiesin Patna , even with today’s lower prices, do not pay for themselves. In these cases the owners end up taking money out of their bank accounts on a monthly basis to cover the negative cash flow properties they have purchased. Covering negative cash flow from your other savings is not a good investment strategy. Here’s why – ...

The definition of affordable means different for different people depending on the socio-economic class, income levels etc. The term applies most pertinently to housing created for the EWS (Economically Weaker Section) of society so that they, like the middle class, can also benefit from the financial and emotional security of home ownership. We are looking at an interesting new phase in Patna real estate where affordable housing in Patna will get preferred rather than 'poor cousin' status it has hold till now. The slump in Patna property market has clearly showed its stakeholders that is the best hedge. An interesting and important fact related to Patna real estate is that affordable housing projects have the fastest absorption rates. In other words, the creation of more affordable housing makes sense not only from a socio-economic point of view but also in terms of the real estate business. The demand in terms of units is phenomenal, and developers in Patna who have b...