REAL ESTATE PATNA

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...

Buy sell Rent Patna It is challenging for builders to construct green buildings in Patna as they are 25-35 per cent more expensive than normal housing structures in vogue and there are less home buyers for green homes in Patna . In fact developers in Patna say that the green buildings are futuristic and home buyers in Patna are not very aware of its benefits in the long run. Therefore the lack of awareness does not allow them to pay higher prices for green homes in Patna . Developers of residential projects in Patna say that despite the benefits, constructing a green building remained a challenge when it came to the initial capital outlay and immediate returns on investment in Patna . Considering the changes in global climate, rising population, pollution, related regulations and also com- mercial concerns vis-à-vis power crisis, running cost and pressure on urban infrastructure in Patna , green practice will become a necessity rather than a matter of choice i...

Buy sell rent Patna In an earlier article  ,we on this blog, advocated that only green buildings be allowed in new residential projects  in and around Patna. Developing on the same idea of sustainable development for a new world class city called Patna, BuysellrentPatna advocates that developers in Patna who build only green homes in their projects be  given certain incentives.  Patna requires a vision to lead the sustainable urban development. A city which sees future. One way to encourage green buildings in Patna is that all state government organizations in Bihar mandate to build only green buildings. Additionally they can provide subsidies and incentives too. Additionally we can learn from other organisations in the country. Recently, Noida authority decided to reward developers who opted for Eco -friendly green construction by giving them 5% additional floor area ratio (FAR) for free. PRDA too can adopt such regulatio...