REAL ESTATE PATNA

The definition of affordable means different for different people depending on the socio-economic class, income levels etc. The term applies most pertinently to housing created for the EWS (Economically Weaker Section) of society so that they, like the middle class, can also benefit from the financial and emotional security of home ownership. We are looking at an interesting new phase in Patna real estate where affordable housing in Patna will get preferred rather than 'poor cousin' status it has hold till now. The slump in Patna property market has clearly showed its stakeholders that is the best hedge. An interesting and important fact related to Patna real estate is that affordable housing projects have the fastest absorption rates. In other words, the creation of more affordable housing makes sense not only from a socio-economic point of view but also in terms of the real estate business. The demand in terms of units is phenomenal, and developers in Patna who have b...

Buy Sell Rent Patna What can you hope for with elections around the corner in real estate Patna ? Like all other industries, the real estate industry in Patna is equally excited and nervous about the scenario post elections. Only time will show whether the property market in Patna will remain intact and grow or experience a change for the worse. The Elections have just been conducted in the five states of our country and the results are encouraging for the opposition in four of the major states. The speculation market is flowing with who is going to form the government in 2014 and what will be the future for the next five years. Like all other industries, the real estate industry in Patna and in the whole country is equally excited and nervous about the scenario post elections in 2014. Only time will show whether the property market will remain intact or experience a change. But till then, www.buysellrentpatna.in is trying to bring you an analysis based on the tre...

Buy Sell Rent Patna The main reason that the Patna real estate market finds itself in trouble today is that prices have become unaffordable, even for most professionals. The underlying reason for this is an artificial scarcity of land in our cities in Bihar and particularly Patna . There are several reasons for this: states have zoning restrictions, land-use rules and so on. This need not be a bad thing, but these rules are administered by inefficient and corrupt bodies. Clearances and permits follow a labyrinthine process and involve the greasing of many palms. The resultant shortage of land in Patna where apartments, offices and shops can be built inflates prices. Today, as demand starts to weaken across property markets in Bihar , we need to think of ways to build really affordable real estate in Patna . First, the government must identify tracts of land to build new urban projects in and around Patna . Once identified, the change of land use from farm or fallow la...