REAL ESTATE PATNA

It all began in 2013 and then 3 more years 2014-15-16 that Patna real estate has gone down and down searching not for growth but the BOTTOM. A screener that can be used to measure the “freefall” is that a leading English Daily, Times of India , closed the publication of its monthly property supplement for Patna due to lack of interest of readers and more important revenues. We have named these down and down years the “ Kuldeep Narayan Era ” of Patna real estate after the erstwhile Municipal commissioner of Patna for major part in these years.  As it seemed that the U turn for Patna real estate has arrived in the last half of 2016, the number of new real estate regulations and Demonetization by the “King of India” bombed Patna property market to take it to new lows. What is in store for Patna Realty Market in 2017 in light of introduction of regulations like RERA , Benami Transaction Prohibition, REITS, GST, lowering interest rates, lackluster interest of State govern