REAL ESTATE PATNA

  How to pick a desirable Investment location in Patna Real Estate? There are a lot of factors that are important when it comes to select a property to invest in Patna real estate. A great location is one of the most important factors. However, finding out whether a property in Patna has qualities that you are interested in and a great location suitable for investment; requires quite a bit of research and even search. It's important to recognize that the locals are an invaluable source of knowledge about any location for investment in Patna real estate . Just mention to someone in a local chai dukaan that you are looking to buy land in the area !! You'll find that people are more than willing to share knowledge and insights about that area. You will be told even about the number of transactions going on in recent times and even tentative prices prevailing in that area in that chai dukaan . Locals can give pointers as to the most profitable locations in Patna real estate....

  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. Espec...

3 Ps OF REAL ESTATE BUSINESS IN PATNA Let’s be real right from the outset — going into real estate business for yourself isn’t always easy anywhere in the world. In Patna a town with an area of 100 odd square kms and about 20 lakhs of population and per capita income lower to India's national average and one of the lowest in the world, it gets a bit more challenging. If it were an easy thing to do then everyone would be doing it and Patna would have been a business hub. But it is not so. As business owners in Patna , we find ourselves, particularly in the early stages of a business, having to be a master juggler; in that we are managing a whole host of different tasks at seemingly the same time. It seems a lot more hustle then what can we consume. Being passionate about what you do or good at what you do isn’t enough to build a successful and profitable real estate business in and around Patna . Anyone can have a good idea but it takes someone very special to build a successf...

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...

Patna needs to be promoted as poverty fighter and engine of economic growth of Bihar. Patna needs to choose local economic development (LED) indicators and tools that can be used to collect and analyse  data and assess the overall competitiveness of the local economy. Local priorities include identifying ways to improve the Patna’s overall economic performance and efficiency, promote competitiveness of the city in national and international contexts, and develop a broad-based job creation plan that includes the informal sector. Overall success will come from involving all types of businesses (from microenterprises through larger private sector firms) in crafting the local development strategy, securing their involvement and investment, and defining the supportive role of the central government. A successful city development strategy (CDS) for Patna requires to be based on a careful assessment of the local economy components on which effective development strategie...

Our Article published in Times Of India, Patna Edition on 29th July 2018 (We have reproduced here our Article first printed in Times of India, the newspaper)   How many real estate projects are going on in Bihar? Who are the builders? What is the status of construction? Time till completion!!! Home buyers in Bihar have always been curious about these issues!!! Now they have a platform; RERA BIHAR. The buyers in Bihar have RERA BIHAR website to look into these anxieties. Developers and builders in Bihar just do not have to register themselves with RERA BIHAR but have to give all the details related to the project, to be put up on the regulator’s website for the public to see.  Now if anyone is planning to buy a flat in Bihar, most of the questions can be answered on this website, though at the time of writing; the website needs a lot of up-gradation and validation, but it is functional. According to RERA ACT, after 31 July 2017, if an ongoing re...

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...