REAL ESTATE PATNA

Mr. Bihari is a proud Father. His only son is in USA; the land of prosperity; and is very prosperous there. He is working for one of the best consulting firms of the world and after 15 years is on a senior position. The son is well settled NRI or we should say NRB (Non Resident Bihari) drawing five figure monthly salary. The son’s only son goes to a Private school; he has bought a KOTHI in USA spread in half acres or in Bihari terms 16 katthas. (1 kattha=1361 sq.ft in Patna). Additionally Mr. Bihari and Mrs. Bihari frequently visit their son. The son too flies to Patna once in two years for a month or so. There are only two scenarios where Bihari middle class parents are really proud of their son. If they are settled in a job outside Bihar , the greater the distance of settlement from Bihar the better or the son has a Government Job. For daughters the Bihari parents in addition to these two criteria for sons have another criterion. The daughters married to these worthy types of ...

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 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 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...

Buy Sell Rent Patna “The Patna Real Estate market has not even reached 20% of its potential. Any investment in real estate in Patna is bound to be profitable!" This statement clearly summed up the Patna Real Estate market in last ten years. Going by the recent trends in the Patna property market , it's for the first time in last ten years that we are currently facing a consolidation or even correction in some areas of Patna real estate, especially commercial space. We need to realize that a slow down or a breather was in demand for a fast growing property prices in Patna . After a lull of at most three years once again Patna real estate will embark its growing trajectory in the next 10 years.   In fact for the investors in property market of Patna ; the mantra is that this is the time to go shopping for property in Patna ; as the market has started firming up or correcting already. As the organized Real estate market develops in Patna , real estate as an i...

Buy Sell Rent Patna Japan saw the mother of all real estate bubbles in the 1980s. Banks were falling over one another to give out loans and home and land prices reached astonishingly high levels. As prices kept going up, the Japanese started to believe that the real estate boom will carry on endlessly. In fact such was the confidence in the boom that Japanese banks and financial institutions started 100 years home loans and people lapped it. Things started to change in late 1989, once the Bank of Japan, the Japanese central bank, started to raise interest rates to deflate the bubble. Land prices started to come down and there has been very little recovery till date, more than two decades later. Since the 1989 peak…land prices have fallen by 60 percent in Japan . Every bull market has a theory behind it. Real estate bull markets whenever and wherever they happen, are typically built around one theory or myth. Huge increases in real estate prices are built around “ the ...

Investing in real estate is a time-honored method of achieving financial success all around the world and more so in Growing Patna currently. Throughout the ages, investment in property has helped a lot of people make a great deal of money – sometimes quickly, sometimes over the long term. Those who invest for the short term are generally known as property speculators, and they play a risky game. Long-term property investment is for forward thinkers who have an investment horizon of at least five years. The objective of a long-term property investor is to buy a property at a low price and sell it at a higher price. To be successful at this, one needs to know what is going to happen in a certain locations in Patna over the next few years. Invest in a growing location in Patna You will need to invest in a growing location in Patna , not an established one. This is especially true if you are a middle-class person living off a middle-class income. There are two reasons for ...

Buy Sell Rent Patna With a rising number of property portals entering the real estate market in Patna , the online real estate business in Patna is expected to improve gradually as these websites bring transparency by providing high quality information about residential and commercial projects in Patna . Property portals and websites are increasingly becoming a tool for research on buying, selling and leasing residential or commercial properties in Patna and many parts of the country, as the amount of information listed on these sites is increasing. Secondly the penetration of internet is increasing day by day in Patna . The good news is that it is not only the younger generation which is getting hooked to computers in Patna but even the older gentry are spending time in front of computer screens. Currently, the size of the property portal market in our country is around Rs 350 crore going by the top line of some of the listed portals in the country. This marke...

Buy Sell Rent Patna It is generally accepted that improved road connectivity is very important for real estate growth anywhere in the world and more so in Patna . Patna was deprived of any road development for almost a decade or so in 1990s. Most property brokers and real estate agents in Patna therefore make a big case out of an area's new excellent road network in Patna and how this improves the appreciation value of a proposed property in Patna. But how exactly does this phenomenon work? What is the real 'connection' between better roads and better real estate values in Patna ? Road Connectivity And Quality Of Life in Patna Fundamentally, the creations of major roads in Patna have reduced vehicle travel by cutting down the distance that needs to be traveled between destinations. This has a direct effect on residents in connected areas of Patna . With shorter distances, people can comfortably choose to travel public transport or two  wheeler   ther...