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...

Has Anna Hazare’s so-called anti-corruption crusade got any impact on the real estate Patna ? Well, the question may seem to be borne out of cynicism, but wait. There is an impact, both in the short term as well as long term. A section of the real estate developers in Patna have already announced their pledge to not to pay any bribe to the government officials for getting their projects’ mandatory clearances in Patna . However, this sudden spurt of morality is a doubtful starter and privately many of the developers in Patna admit it is just the PR gimmick to make sure the sector is not seen as corrupt as the collective consciousness believes it to be. The gathering storm of the Anna Hazare movement against corruption may hurt the real estate developers in Patna the most in the long run. Real estate in Patna is the most corruption-prone sector of them all, with politicians, builders, and criminals involved in the ownership, development and manipulation of realty supply. Any ef...