Ideas that help attract Home Buyers in 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 group of investors and financiers (exclusive groups, tightly held) who are the money pumpers in the early stage of their projects. This has worked for most of the builders in the past but with the advent of larger projects, with number of units going beyond 100, the marketing strategy will count. ROI will dominate the marketing budgets and going digital will be preferred option. Builders in Pat a will have to build their digital brand.

Builders in Patna already work in Groups but now they will have to build larger digital groups called forums. Forums are the best platform for buyers, sellers and developers to get an update on the latest happening in Patna real estate platform. Builders can connect with homebuyers with their offers that can induce them to buy and think forward to buy.

Offers in real estate are exciting and create interest among buyers to buy the property. Developers in Patna too use giveaways and other strategic offers that make the buying process easy. When builders in Patna offer giveaways, the digital can take it to more buyers and strikingly fast.

Transparency and trust are two important factors that home-buyers in Patna look for. The builders in Patna can provide all details related to their projects on digital medium; whether it is about the construction, infrastructure nearby, connectivity or future benefits. Detailed narrative about the project really attracts buyers to look forward to buying the project.

Builders in Patna need to have a more personalized approach selling. They need to know what the buyer wants and the budget. Different home-buyers have different objectives towards buying a property in Patna. So while marketing the property, understanding the need of the home-buyer and then targeting makes the transaction smooth. This will help builders in Patna to adjust their strategy to create interest among the home-buyers in Patna and look forward to selling the property in Patna.

The competition among builders in Patna (rough estimates say there are more than 200 builders in Patna) has increased in recent times and every builder does best to attract home-buyers in Patna. Therefore property selling in Patna now should be done with good research, patience and with a new digital approach.

Buy Sell Rent Patna

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

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Bestech Group29 December 2020 at 16:28
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