REAL ESTATE PATNA

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...

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...

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 ...

T he Oxford of the East was the  title that once was used for our Patna University .This very well tell us the standard of education we had i n Patna not long ago. Then came 25 years of decline to almost zero levels. We can now talk of revival since 2005 in Education in Bihar . Therefore we are counting on the hope that we retain the title of "oxford of the east" once more. It is possible in context with Patna if the number of reputed schools, colleges and management,  engineering  and medical institutions in the city grows. No doubt the numbers are growing but there is a long way to go and the emphasis needs to be on both numbers and Quality. Apart from the real estate spaces required for the many educational institutions seeking to make an entry or to expand in Patna , this fact will also served to drive demand for residential real estate . Growing Education in Patna Many families prefer living in Patna because of the variety of schools and colleges a...

Mall in Patna of our Dream F DI in multi-brand retail will have two fold impact on the Patna 's  real estate sector. First, it will increase demand for anchor space in Patna  if the state government agree to permit foreign retailers ; secondly there is a possibility that rental expectation would be raised, as not much of quality space would be available, suitable for big-box retail. For multi-brand retail, anchor space in upcoming, under construction ; project launch stage malls in Patna , the Indian ; existing foreign companies are either in negotiation stage or signed up space at these new upcoming projects in Patna . Therefore it will put the new entrants in a tight spot, as they will have to look for only new upcoming projects going to be operational only after 3-4 years from now. In our country, per capita mall space among top 7 metro cities is presently estimated at less than a square feet, with US and; Europe average being 20-40 times of In...