REAL ESTATE PATNA

Buy Sell Rent Patna The Patna real estate is changing gradually in terms of projects, innovation, schemes and approach. Both home-buyers in Patna and builders in Patna are adopting. Home Buyers are now becoming more demanding when it comes to new property purchase in Patna. On the other hand Sellers in Patna realty market too are doing their best to offer complete service for home-buyers in Patna . Innovative ideas are being deployed by sellers in Patna to make the buying and selling process faster and engaging for home-buyers in Patna. Patna; though lags behind the national standards of being digital; is crawling towards the digital medium of attracting home-buyers. We can at best say it has just begun. The best thing is that it has started. The first check for most of the home buyers begin online and Patna too will shift to it. Currently the word of mouth and sales force induced sales dominate Patna property market but digital is the future. Builders in Patna have a g

First and foremost the difference between investment and self- use must be clear, prior to putting money in any property in Patna . In self-use; while you pay for your own “emotions” and requirements; in an investment you pay for or put your money for returns in the best trend of the market, the mass. One additional feature for any investment in Patna is liquidity. In self –use you need not think about liquidity as you do not need to cash out in near future of 3 to 5 years but in an investment that is the objective. In Patna real estate , the investment can be in land (longer the term the better), for rental yields (commercial is better) and re-sale (for getting returns in 3 to 5 years). We feel, especially in the residential segment in Patna property market , middle path is the best. Invest where the target audience is largest, larger re-sale as well as rental opportunities. No doubt in this regard 2 BHK flats in Patna score the best. Patna middle class can afford 2 BHK

Property Rates Patna “Good lord, they are too high.” They are unreasonable. But at those prices only properties in Patna sell. Interestingly the story of non- resident Bihari is more peculiar. If they have to buy, they will pull out a list of amenities which Patna has not even heard of. But the same person while selling his/her ancestral property in Patna , a city which is not livable according to them, quotes amazing high prices. Secondly, because they live outside Patna, it makes them feel they are Smarter and they even know more about Patna than a resident working 24*7 in real estate of Patna. These non- residents have another superlative attached for themselves; we are connected. That is how the entire real estate of Patna , is made up of; ignorance and arrogance. The truth is that these non- residents live in sq.fts as little as 600 in the bigger cities all around the world and their life is dictated by work and weekend. As their work is defined so is their weekend,

Good days are here !!! Has the “turbulent air” passed over the Patna real estate !! This is what the seasoned players in Patna real estate are asking in 2018. Patna real estate was put to hold by government “checkups” and delays in “Kuldeep Narayan Era” of Patna real estate, 2013-2016. With the formation of new government in Bihar, the realty market gained hope but then the Central government bombed it with slew of measures like de-monetization, RERA and GST to name a few. What will be their effect will unfold gradually in 2018. The uncertainties still prevail over Patna real estate but the hopeful builders and developers of Patna feel that 2018 will begin the upward trend and the implementation of policies will be the key. The good signs for Patna Realty market are a number of new launches in western Patna and work starting in full swing in a number of stalled residential projects in Patna . We explore that if 2018 is going to turn the tide than what are ingredients required

If you are renting in a house or apartment  in Patna , be prepared and make a rational assessment of the property in Patna as well as of Legalities. Tenants in Patna usually look for basic amenities like electricity, water, parking facility and other convenient amenities. However, there is much more to it which should be certainly checked before you finalize a home on rent in Patna . Our team will amaze you with certain detailed inspection points that Tenants in routine site visits forget to check. These points only crop up once they start living in the rented home in Patna . These points have cropped up many times when our engagement team takes a feedback from our rental clients in Patna. We have noted these from our clients and made a better checklist based on the feedback from our clients. Do check for the Power Points in the Property for rent in Patna . High Voltage points in kitchen and for geyser in bathrooms and charging point just beside the bed are certainly need

Buy A Home In Patna   Purchase of your dream home is a lifetime decision. Even if you are an investor you do not flip properties in Patna daily, weekly or monthly. We as advisors to home buyers in Patna always tell them not to be obsessed with trying to time the Patna real estate market and figure out when is the best time to buy a home in Patna . Trying to anticipate the housing market in Patna is prophetic. We recommend to our clients that the best time to buy is when you find your perfect house and you can afford it. Real estate is cyclical, it goes up and it goes down and it goes back up again. So, if anyone is trying to wait for the perfect time, they’re probably going to miss out.   Secondly, we often tell home buyers in Patna that you are going to buy a house not date it. Buying a house based on emotions is just going to break your heart. If you fall in love with something, you might end up making some pretty bad financial decisions. There’s a big difference

Ravi Ranjan, the Engagement Manager of www.buysellrentpatna.in says that most important aspect of the customer engagement in Patna Real estate is SITE VISIT, whether it is an under construction project, ready to move or even for residential and commercial tenancy. He adds that this is where everything is validated and the final seal on the deal is put. No doubt the other touch points both online and offline are important but the SITE VISIT sets the Final verdict. Secondly says Ranjan that in under construction projects, periodical site visits helps in keeping track of pace of development of the projects in Patna and also ensures the quality of materials used by builders in particular projects in Patna. The virtual reality through Internet is playing an important role in Real estate now. Its contribution is increasing day by day. Still, seeing is believing, holds ground. In a city like Patna, where the distances are not much, visiting sites on weekends and holidays is a norm.

URBANIZATION Innovation in urban development must first and foremost respond to the basic needs of stakeholders and has to be BIHAR specific. Bihar must begin by prioritizing the integration of economic development, especially job growth, into the planning process, which in turn must be flexible and future-focused. City development programs will need to consider the natural advantages of given urban locations, capital formation, public-private cooperation, the connectivity quotient, as well as work-force readiness through education and job training. “The JOBS that will provide for LIVING and then cater to LIFESTYLE ”. It should incorporate infrastructural planning for job creation, community growth and environmental responsibility. The state government requires to seriously and deeply think to bring in PRIVATE players.Private participants can contribute expertise and proficiency in areas such as urban planning, design, construction, technology, logistics, and Sales &

URBANIZATION As per UN estimates, urban areas in India already contribute more than 60 per cent to GDP. Unfortunately our state Bihar is only 11% urbanized. But it also means we have the largest room to grow. The policymakers sitting in Patna should realize that Urbanization is imminent - an all-pervading natural progression driven by a combination of organic and inorganic growth factors (rural-urban migration, population growth, etc.) and involving both brownfield and greenfield development. New urban ecosystems will need to be built for the future, in a structured manner, and with adequate control on usage of natural resources and energy. No doubt that city are responsible for the consumption of energy and natural resources, for green-house gas emissions and are often home to rising socio-economic inequity. However, urban history (Bihar had a great urban culture in ANCIENT TIMES) has demonstrated time and again that cities can also be sites of innovation, environmental resi

Affordable Housing Have you ever wondered as a Bihari that why the state government is so averse to housing development in Bihar? Which was the last housing society developed by state government in Bihar and when; even in state capital Patna? The answer is none in last three decades?? The fact that Bihar needs more homes than it is building today and that majority of these homes have to be in the affordable segment has been a long-standing challenge. A ffordable housing segment needs momentum in Bihar. Secondly it should not be Patna centric but other hubs like Bhagalpur, Gaya and more should be targeted. Affordable housing is an attractive proposition both for developers in Patna and consumers as the demand are huge and largely unmet. The initiatives of the central government has resulted in the availability of more funding options for the developers such as ECB, FDI and debt financing from national financial institutions at highly competitive rates. However, the

If you are looking to Buy / Sell / Rent a Property in Patna – Do it through a Property Mandate! What is property mandate? A mandate is an agreement between a Seller/Buyer/Home Seeker and the Real Estate Agent(s) regarding finding or marketing of a property, seeking potential buyers / sellers / tenants or landlords and completing the necessary paper work and legal formalities. Property Mandate Giving a Property Mandate would serve several advantages to you in Patna while it will also maintain a customer loyalty factor for your Real estate agent in Patna. A few advantages of carrying out a Real Estate Transaction in Patna by issuing a Mandate are: - 1.     High Motivation for the Agent As only one real estate agent is given responsibility to transact your property his/her reputation, and that of his agency will be on the line, so he/she will likely be highly motivated to go the extra mile and achieve results.  2.    More Advertising and Marketing by the Agent The agen