REAL ESTATE PATNA

Malls in Patna; A Vision At the outset, malls were thought to be the drivers of growth for the retail and entertainment sector in India and therefore Patna too. However, factors such as bad location, poor planning and lack of maintenance and absence of leased models in mall space have given a setback to this business across our country and Patna too. In metro cities, shopping malls have received a good response comparatively. On the other hand, Tier II and Tier III cities like Patna are witnessing huge empty space in malls, in smaller towns; over a third of the space is unoccupied in 2013, as against just 7 per cent in 2007.   Analysts say 80 percent of India ’s 255 malls are failing. Reports suggest that about US$4.2 billion has been spent to build these approximately 255 malls, of which about 65 percent are in Delhi/NCR and Mumbai.   Other challenges to tide over include high rentals, overall slowdown, issues wi...

To make a significant difference and change in the upcoming housing projects in Patna , a lot more than just design is required by the developers and builders in Patna . That extra something is, time, local know-how and the want to achieve excellence. The idea is to build a project where Patna housing standards get bench marked. At least if people have money to pay, they should get the real estate for their money’s worth. This kind of real estate and commitment in Patna is required to change the trend in residential real estate market of Patna . Not just Patna but all of Bihar is going to benefit from this shift in thought and delivery.   With shady land acquisition cases, extremely high land and property prices in Patna and a general lack of civic sense in Bihar , most commercial office buildings are in a bad state in Patna . The construction is okay but there are problems with the design and more importantly the upkeep of these commercial properties in Patna...