REAL ESTATE PATNA

Patna requires urgently, modern solid waste management system; world class power distribution establishment; 360 degree drainage and sewerage system; water supply management; roads with traffic control management and playgrounds and parks network. There are a lot of other things which are desirable but these above mentioned requirements should top the town planning manager list. The question is what already exists in a city of more than one and half million dwellers? A city , where one cannot fetch a 1000 sq feet flat in less than 30 lakhs (I know that is lowest). Can anyone justify this irony? The demand supply economists will too have hard time explaining the elasticity of Patna property market and the prevailing infrastructure. Real Estate Patna One explanation that crops up is that the lists which we floated of desirables in Patna are all in public domain and the property rates completely lie in private domain. If one buys this argument than the gap between public an...

Mall in Patna of our Dream F DI in multi-brand retail will have two fold impact on the Patna 's  real estate sector. First, it will increase demand for anchor space in Patna  if the state government agree to permit foreign retailers ; secondly there is a possibility that rental expectation would be raised, as not much of quality space would be available, suitable for big-box retail. For multi-brand retail, anchor space in upcoming, under construction ; project launch stage malls in Patna , the Indian ; existing foreign companies are either in negotiation stage or signed up space at these new upcoming projects in Patna . Therefore it will put the new entrants in a tight spot, as they will have to look for only new upcoming projects going to be operational only after 3-4 years from now. In our country, per capita mall space among top 7 metro cities is presently estimated at less than a square feet, with US and; Europe average being 20-40 times of In...