REAL ESTATE PATNA

Property Rates Patna What are the reasons that Property prices in Patna rises? Patna is a unique market as the demand comes from all around Bihar and even abroad from NRBs (non-resident Biharis). We have factored in few reasons in this write up. 1.      1.  Growth  in household income When household income in Patna grows, property prices too display a rise. The extra income is used to buy property in Patna as most end users buy property in Patna wit h   home loans. As household income increases it eases out the payment of EMIs. 1.      S     2 . Stamp duty and Circle rate of property   State government from time to time revises the circle rate of different localities of Patna. An increase in circle rate means more payment of stamp duty, as stamp duty is a certain percentage of circle rates. The circle-rate increase directly hikes the property rates in Patna . 3.       Property investment can be hit by the impact of overseas buyers. A recent example wa

Patna Real Estate   First Reason : - OPEN PLATFORM No one cannot really be held responsible for adding misleading information to 99acres ; Magicbricks ; housing.com , Proptiger.com and many other national real estate website database, since they are an open platform, without regulation. The major problem is that homebuyers or sellers do not know whether a listing on these national sites is a legitimate deal or a time pass. Innocent online home buyers simply assume that a property for sale on 99acres is available, and may begin to get emotionally attached to it before finding out that it is a JOKE. Not only 99Acres but all national websites are known for having this same problem. At most the mobile number is verified or mail id is verified on national real estate websites but the most important thing the property is not verified physically or legally. Anyone with an email id and phone number can go and list their property for sale or rent on these national websites in