REAL ESTATE PATNA

Property expos are regular features in the centrally located relatively prime hotels of Patna. They are usually organised by popular newspaper houses and co-sponsored by builders and developers. This is a welcome effort and the Patnaites are reaping the benefits of comparing under one roof before making decisions. The surprising part is the participation of a number of builders from outside Bihar in these Patna Property Expos; especially Delhi NCR. The main reason for Biharis being attracted in properties outside Bihar is that Biharis are migratory birds. Unfortunately, still a Bihari parent wishes that their offspring works outside Bihar. No doubt things have started reversing but Bihar has still a long way to go. Biharis are so obsessed with the outer world that they do not realize that the Patna is a better investment avenue for real estate than the metros of India. The ROI in Patna real estate is HIGHER. Yes; Patna is better-suited for investing in property and earni...

Don’t find customers for your products; find products for your customers, is the new mantra for Patna real estate going forward. With a stable popular state government in Bihar, the real estate in Patna is all set to gain lost glory. As soon as the election results were announced, the queries have increased manifold in Patna Realty market . The most heartening factor about these queries are that the customers are specifying the time and type of inventory they need. While the customers are detailing their need; one can feel that the demand is changing and therefore the supply needs to match the demand in buyers market currently. Patna Real Estate With the time there is increased focus on the quality of buildings and the lifestyle they offer by buyers in Patna real estate. They are also willing to pay for amenities. The buyers in Patna are demanding clubhouses with entertainment facilities, low depth swimming pools for children, jogging tracks, green spaces and more. The f...

As we look at how the residential real estate market in Patna is behaving this festive season of 2015, developers in Patna and the consultants in Patna are on the same page while accepting that it continues to go through a slow time. Many developers in Patna still have their backs against the wall financially, and have been challenged to complete or show convincing progress on their under-construction projects in Patna. Unfortunately, this fact has been overly hyped by the media, and even developers in Patna who are well capitalized and fully able to complete their projects have been tarred by the negativity brush. This has resulted in a drop in overall confidence from home buyers in Patna , who are worried that they will commit their money into properties in Patna which will not be delivered on time. The National economy and therefore the state economy in an election year of state have not shown the kind of perk-up which everyone had hoped for in 2015. However, matters...

www.buysellrentpatna.in The surge of property prices in Patna has converted the core city area into a premium market according to several local industry players. As a result areas earlier considered to be on the outskirts have come in focus and are growing as the mid segment market. The mid segment market falls in the price bracket of about 3000 per sq ft and has apartment sizes of about 1200 sq ft. Whereas apartments in the core area of the city which has turned into a premium market cost about 5000 per sq ft and offer apartment sizes of about 1500 sq ft and above. Some of the areas that cater to that mid segment realty market in Patna now are areas beyond Shaguna Mode, Khagaul- Shiwala , Danapur, Sampatchak, Parsa, in and around the By-Pass and the new developing colonies in Bihta. Developers in Patna agree that local builders who are known to complete projects on time with an average of about only 6-12 months of delay, results in units being absorbed during the launch...

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 Patna Although Patna’s realty market has seen consistent appreciation in the last decade, there have, at all times been areas that have exceeded the average capital value appreciation rate due to reasons like infrastructure development, supply and absorption, the arrival of new schools, hospitals and offices or their proximity to Patna’s central business hub. Four such emerging pockets in Patna real estate are: AIIMS - NAUBATPUR The development of AIIMS in Phulwarisharif is the main driver and NH 98 to Chirora and Naubatbur is emerging where land banks are being created. A number of developers are plotting. A part from these a number of foundations for townships and enclaves are being laid down. The area is forging ahead due to increased connectivity. Elevated road from AIIMS to Digha in addition to the highways projects crossing by the area. The development of AIIMS has given a strong boost to employment opportunities in the sub-market of Phulwa...

Infrastructure development has a significant impact on the property buying decision in Patna as well as any other part of the world. Whether a first time home buyer or a seasoned investor, all of us look for the growth in values of our property in Patna ; we know that infrastructure development is a booster dose for realty values in Patna.  One of the greater catalysts is transportation infrastructure. It has historically proven to have a positive impact on realty values in a city like Patna – residential and commercial properties in Patna located close to transportation infrastructure tend to command a premium. Independent analyses of pricing in many cities in India reveal that proximity to a metro station can single-handedly account for a 22% variation in land values, the other factors being location, distance of the land from the central point and income groups; we quote this as METRO is going to run in Patna in near future. It is also observed that average areas gai...

Patna Property The Ashiana-Digha road is a two-way road that is 7m wide. Once the drain beside it is covered, the stretch from Ashiana Mor to Rajeev Nagar drain would become 14m wide and the road will assume two lane status. The 2.8-km stretch of the Ashiana road would be a bit higher than the existing one which too has a seven-meter wide carriage way. At four points along the stretch, cuts would be left in the median for the convenience of commuters. These cuts would be located near the Ashiana Colony, Ramnagri Mor, Magistrate Colony Mor and between the Bailey Road junction and Magistrate Colony Mor. What does this development mean to the real estate of the area? The first and foremost reaction of the residents is “delayed” according to a survey conducted by hyper local real estate portal of Patna, buysellrentpatna.in . It was in the 1990s that the first development on Patna’s western frontier was staged by private local developer in the form of Ashiana Nagar ; phase one...

Luxury Apartment in Patna The question ‘does location provides you with luxury?’ is an interesting one. Is a family that lives in a compact, old, stuffy and featureless 2 BHK flat in Exhibition road , Patna living in luxury? Or would such a family live in luxury if it sold this flat in Patna and moved to a more modern, spacious, comfortable and better appointed flat in New Patna, Gola Road or Shaguna Mode ? Given the ever worsening shortage of land in the prime locations of our city, Patna ; Property prices in central areas of Patna are largely beyond affordability for most home buyers in Patna . Homes in such locations are bought by the extremely rich for the sake of address value and easy access to the business avenues, even if they lack the superior amenities of newer, more modern buildings in further-flung areas in Patna . In such cases, the luxury factor is vested almost exclusively in the snob appeal of the location in Patna .   For a family living...

Buy Home In Patna Buying a home in Patna is exciting, we think with our heart and our emotions often play a critical part in the choice. Don’t get www.buysellrentpatna.in wrong, there is nothing wrong with emotions but buying a home in Patna should also be about the practical elements. This is the part that is described as ‘buying with your head’. Buying a home in Patna with your head takes away your wants and dreams and starts looking at the nitty gritty side to the property in Patna . No matter how beautiful the home is, it’s the practical elements that will ensure you don’t just lust but love your new home in Patna . Here are our 10 non-emotional tips for buying a home in Patna . 1.                     Finances It maybe a very easy tip, but only buy property in Patna what you can afford. You will be surprised by the number of people who search for property in Patna on what t...