REAL ESTATE PATNA

Builders in Patna are used to quote the price of the apartment in terms of super built-up area , without clarifying how the super built-up area of a particular flat in Patna is calculated. Majority of builders in Patna randomly load 20-35% of net usable area of the apartment to arrive at super built-up area. The reason to charge on super built-up area, as interpreted by builders in Patna, was to cover the cost of construction of all common areas such as passages, staircases, lift shafts, lobbies and covered car parking areas. More surprising was that even civic authorities in Patna, instead of discouraging the wrongdoings by builders in Patna, supported the illogical move, as they could get higher property tax, considering super built-up area of the apartment for tax assessment. In Bihar government authorities made it mandatory to mention the super built-up area in the sale deed of apartment, in order to earn higher stamp duty and registration charges. Thanks to the re...

If you are renting in a house or apartment  in Patna , be prepared and make a rational assessment of the property in Patna as well as of Legalities. Tenants in Patna usually look for basic amenities like electricity, water, parking facility and other convenient amenities. However, there is much more to it which should be certainly checked before you finalize a home on rent in Patna . Our team will amaze you with certain detailed inspection points that Tenants in routine site visits forget to check. These points only crop up once they start living in the rented home in Patna . These points have cropped up many times when our engagement team takes a feedback from our rental clients in Patna. We have noted these from our clients and made a better checklist based on the feedback from our clients. Do check for the Power Points in the Property for rent in Patna . High Voltage points in kitchen and for geyser in bathrooms and charging point just beside the bed are certainly ...

Affordable Housing for investment in Patna The high Court intervention in large number of illegal constructions in Patna and careless attitude of Patna Nagar Nigam in passing the building maps has raised many questions about the inside reality of real estate sector in Patna . It has highlighted the nexus between politicians, builders and bureaucrats. It has also highlighted the urgency of regulation to safeguard interest of common people and investment risks in a real estate in Patna as an asset class. In this article the focus is on investment in real estate in Patna as an asset class. In Patna most of the people consider the real estate investment particularly in residential premises as safe investment with potential of high reward which may not hold true now. The reason why people bet more on this sector is availability of easy loans in recent times and tax benefits available on such home loans. Another major reason is involvement of black money which makes this sector m...