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...

Buy sell rent Patna While the spotlight so far has been on the rupee and the equity markets in Newspapers and media in general,   real estate   prices in Patna have started to bear the impact as well. Patna as surveyed by the National Housing Bank (NHB),  saw a drop in property prices during the April-June quarter of 2013, compared to the first quarter of this calendar year. All-round squeezes in liquidity and dearth of buyers have led to a fall in property prices in Patna .   Developers in Patna who were holding on to their prices despite sluggishness in demand have blinked first. Yet many experts   feel that there is more to come.   It seems that the endgame of speculation in Patna real estate has begun. A multitude of factors are converging after a decade, setting the stage for a deep correction in real estate in Patna . The story in real estate Patna has all the ingredients of a making of a   bubble.  Real estate price...

Patna is fast becoming a hub of industrial activities, high rises, residential complexes, malls and huge commercial complexes, which are gradually but steadily transforming the skyline of Patna . If you are commuting on the busy and packed streets of Patna , you will come across brightly colored cranes, rubble, construction and hordes of workers scurrying up and down the new constructions of flyovers or buildings. This surely urges you to contemplate on the explosion of real estate sector in Patna . Is it a mirage? How real is the influx of investments by speculative and long-term profit makers in real estate Patna ? Are the commitments by over sized private equity firms, overseas investors and domestic financial institutions adding to the hype and frenzy created in the concrete world of real estate in Patna ? Astute watchers in the property sector in Patna feel that the bubble is not as big as it seems. According to prominent investors in Patna , brokerage...