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 When new professionals move to Patna, they will boost the demand for new housing units and also drive rental demand in Patna, motivating investors to bring their money to the market and keep the momentum going. The Patna real estate will thus grow. Therefore the question is how new professionals will come to Patna. Let us invert the model. The new Bihari professionals in any part of the globe will like to have a stake in Patna real estate. This seems more likely in next five years!! Patna real estate will have to deliver to non- resident Biharis (NRBs) in a large way in coming years to thrive and grow. Today’s Patna offers nothing for professionals to move in to the city in large numbers, therefore the real estate need to focus to attract their money rather them to Patna and then they might follow. First thing first, The CEO of www.buysellrentpatna.in , Rakesh Ranjan feels that there is a lot of negative perception in the Patna realty market which is affec...

BUY SELL RENT The real estate of Patna has hit a road block in last two and half years. The policy and regulatory log jams seems to be never ending. No new residential or commercial projects in Patna have seen the light of the day in last two years. The main culprit for this scenario is ban on passing any design maps by the government body. The mayhem created by the stakeholders of Patna real estate has one beneficiary though. The re-sale property market is the only saving grace of Patna Real estate in last two years. The re-sale property market always exits in any real estate market side by side. It is always a shadow. What is striking in Patna Real Estate market in last two years that the Re-sale has assumed the main role. Even what is sold in Patna as new is actually the “hold-ups” by builders in Patna of the inventory in the good old days or the leftovers. The reasons are easy to guess; as no new maps have seen the light of the day therefore no new constru...

Buy Sell Rent Patna is the town of apartments; yes we believe that if number of apartments and the area in which they are spread, means density of apartments is calculated Patna would be among national toppers.   The higher density reflects greater strain on the limited infrastructure that our city Patna offers. Patna has few roads and mainly comprises of lanes. With High rises built on these lanes, one can very well imagine the stress of traffic and parking on these lanes; not to speak about other civic amenities in a city of more than 2 million residents. We asked one of the builders in Patna why their new commercial building built near DPS More in Patna do not have ample parking spaces. The answer was amazing!!! He took a comparative stand and said that the cars are parked outside the corporate offices in Gurgaon too. Our second question was; that justifies you too building structures without ample parking lots? He replied;” it’s the norm.” He is asking for ...

My Home In Patna Let us ask the question whether real estateagents in Patna will be needed to people of Patna.  We begin by pointing out that with all the technology out there for home buyers and sellers now growing in Patna, do real estate agents will matter some 10 years down the line.   Home buyers in Patna will be able to do a lot of research online (for E.G. on www.buysellrentpatna.in ) and on their phone with amazing Apps in coming years. Mobile apps will let home buyers in Patna drive down a street, pull out their Smartphone, aim it at a house and snap a picture. Based on the GPS coordinates, the apps will tell home buyers almost everything about that property in Patna . The other question is will the government property records be so streamlined in Patna in coming days and reliable enough. For example square footage information many times cannot be accurate in Patna. Why? It is often seen in Patna that a builder in Patna gets the permission for ...

Affordable Housing for investment in Patna The high Court intervention in large number of illegal constructions in Patna and careless attitude of Patna Nagar Nigam in passing the building maps has raised many questions about the inside reality of real estate sector in Patna . It has highlighted the nexus between politicians, builders and bureaucrats. It has also highlighted the urgency of regulation to safeguard interest of common people and investment risks in a real estate in Patna as an asset class. In this article the focus is on investment in real estate in Patna as an asset class. In Patna most of the people consider the real estate investment particularly in residential premises as safe investment with potential of high reward which may not hold true now. The reason why people bet more on this sector is availability of easy loans in recent times and tax benefits available on such home loans. Another major reason is involvement of black money which makes this sector m...