REAL ESTATE PATNA

Buy Sell Rent Patna The Patna real estate is changing gradually in terms of projects, innovation, schemes and approach. Both home-buyers in Patna and builders in Patna are adopting. Home Buyers are now becoming more demanding when it comes to new property purchase in Patna. On the other hand Sellers in Patna realty market too are doing their best to offer complete service for home-buyers in Patna . Innovative ideas are being deployed by sellers in Patna to make the buying and selling process faster and engaging for home-buyers in Patna. Patna; though lags behind the national standards of being digital; is crawling towards the digital medium of attracting home-buyers. We can at best say it has just begun. The best thing is that it has started. The first check for most of the home buyers begin online and Patna too will shift to it. Currently the word of mouth and sales force induced sales dominate Patna property market but digital is the future. Builders in Patna have...

The irony of our times in Patna is that in a largely agricultural based economy of Bihar, a GREEN Building is seen as LUXURY, which only wealthy (which itself is handful in one of the most economically laggard state of India) can afford. In our poor state the poorest people are living the greenest lives and they need money not to be GREEN but to afford a “HOME”. Therefore “GREEN HOME” is luxury in Bihar for both the classes, one cannot have GREEN and the other cannot have HOME. The idea of Green Building is to limit the impact of construction and habitation  within the limits of the construction on the environment without compromising human comfort. There is a perception that going GREEN requires increased cost for the developer in Patna as compared to traditional construction costs in Patna. It is more so in Patna because builders in Patna do not participate in the maintenance of the building they have erected. If an INTEGRATED approach is adopted by developers in Patna, th...

Things are looking up for real estate sector in Patna with proposed implementations of Real Estate Regulatory Act and Goods & Services Tax along with lower home loan interest rate regime. This sentence is qualified by the increase in number of queries on our Patna property portal www.buysellrentpatna.in . The feel good factor is also being supported through fiscal benefits offered to taxpayers and home-buyers in Patna. The sentiment is expected to turn positive and instill confidence among home-buyers, which is extremely important for the revival of the real estate industry in Patna. The Union Budget's gift of infrastructure status to affordable housing is a game-changing move that will open up more institutional sources for developers in Patna to raise funds at competitive price. The budget has also given leeway to developers in Patna to build bigger houses and extended the time of completion of affordable housing projects from 3 years to 5 years. We strongly ...

www.buysellrentpatna.in Many developers in Patna are highlighting that their residential projects in Patna are close to a major highway or expressway while marketing them. Obviously, there is a lot of notional value attached to homes which enjoy such a locational advantage. And our District Patna is getting a number of Highways built in it. The major ones are: -   1)     11.7km Khagaul-Naubatpur-Shivala-Bihta road. 2)     Patna-Buxar NH 30 route 3)     The Bihta- Sarmera state highway 78. 4)     NH 83   - Patna - Gaya- Bara -Dobhi. 5)     Digha Sonepur railway cum road bridge over Ganga However, there can be both advantages and disadvantages to buying a home in Patna which adjoins or is close to a major highway. Both should be considered before investing in a property in Patna . In our city Patna, inter-city (ARA-PATNA, JAHANABAD-PATNA, GAYA-PATNA, HAJIPUR-PATNA) connec...

Patna real estate The Patna real estate sector has been facing strong headwinds over the past couple of years on numerous counts.  The clear air on bye-laws and master plan still elude the Patna realty market. Customers are adopting a wait and watch approach hoping for prices to come down.  While prices have corrected somewhat in most localities across Patna, the combined effect of cost increase and reduced prices along with the increased finance cost on account of the slow sales has left developers in Patna with no head room to lower prices any further. READ THE FULL ARTICLE.....

PROPERTY  PATNA Patna’s real estate prices are never out of the news. From the sale of spectacularly expensive trophy properties in central Patna to the ever-widening affordability gap for middle class home seekers, the city’s residential real estate market is under a constant jaundiced limelight. What are the factors that have been driving Patna’s real estate prices so high over the years? To understand this phenomenon, one needs to examine it from the two primary real estate variables of demand and supply. Supply-Side Factors ·           Geography Geography is one of the primary factors responsible for Patna’s astronomic real estate prices . The city is surrounded by water on three sides; as a consequence, Patna has never seen circular development like most other Indian cities. Development has been always linear (or one-directional) from the eastern towards the western suburbs. A combination of factors such as distance...

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...

BUY PROPERTY IN PATNA For the Patna real estate market , 2015 festive season will be action-packed. The combination of festivals and state elections will ensure that there is a lot at stake in Patna property market . The overall Bihar economy represents a tale of two fronts promising great plans for Bihar’s future. Both the packages as announced by CM & PM will bring in “ अच्छे  दिन  ” for us, if implemented after the elections. After poll Bihar requires a stable government for the real estate Patna to get back its glory after two and half years of gloom that resulted in poorer business confidence. The overall sentiment needs to be rehabilitated explicitly with the formation of new stable Government in Bihar this festive season. A slew of measures for real estate in Bihar is required by the new government. It is high time that the real estate is given much importance in Budget of the state. Bihar cannot miss the urbanization train which is a must for agricul...

Buy sell rent Patna The real estate industry in Patna would want to forget 2013. The year saw builders stuck with lifetime high unsold inventories, thanks to the step taken by the High Court of Patna against illegal construction and Patna Municipal Corporation’s inefficiency to bring the house in order even though nine months have passed. Developers in Patna held back launches, refrained from sharp price cuts and pegged all their hopes on freebies and promotions. The home buyers stayed away from the real estate industry in Patna due to the mess and indecision of the governing bodies. The home buyers in Patna expect a steep fall in prices of property in Patna . It is not to take place. We can c all it a vicious cycle, but cash-strapped builders in Patna say they cannot cut prices given the high trajectory of inflation and borrowing costs, whereas buyers say they will stay away until there is a sharp price correction as buying a 2/3 bhk flat in Patna has become unaff...

Water Park at SAMPATCHAK What is it about Sampatchak that is attracting a breed of   Patna ’s developers to launch projects there? Not to many years ago, all it stood for was greenery and relatively pollution-free environment and large tract of agricultural land. Today, it is the most important hub of high-end schools coming up in Patna . The latest addition is SRIRAM School , Patna ; in the long list of already existing schools of International quality in Sampatchak locality.  Actually, there's no real mystery here. Sampatchak is tantalizingly close to NH-83 and NH-82. Both these Highways are getting upgraded to four lanes. The schools on the other hand have always played a major role in Patna ’s real estate   development historically. The western part of Patna ; Shaguna More, Gola Road and Khagaul are examples to be noticed. It seems Sampatchak will follow the same course. Yes, with prices below Rs.3500/- per square feet, the area seems to be investor...