REAL ESTATE PATNA

www.buysellrentpatna.in The retrospection is over. The new master Plan for Patna is ready. The guide to urbanization of Patna till 2031 will be unveiled mid August 2015. After a gap of almost two and half years the Patna realty market can dream further. Elevated lifestyle and options will mark the real estate development in coming years. Patnaites envisage a city which engulfs a modern lifestyle. One word, that will differentiate Patna real estate after and before the master plan 2031 is; Quality. One can already witness advertisements by developers in Patna promising certain specified percentage of green areas. That is New and welcoming.  The developers and customers will focus on “Lifestyle”. The demand has built up in last two years of pause. The other day one client of ours who is looking for an apartment for her parents desired for a “lifestyle” for her parents who are retired. She wanted space for them to walk, community center, daily groceries, exercis...

Buy sell rent Patna While the spotlight so far has been on the rupee and the equity markets in Newspapers and media in general,   real estate   prices in Patna have started to bear the impact as well. Patna as surveyed by the National Housing Bank (NHB),  saw a drop in property prices during the April-June quarter of 2013, compared to the first quarter of this calendar year. All-round squeezes in liquidity and dearth of buyers have led to a fall in property prices in Patna .   Developers in Patna who were holding on to their prices despite sluggishness in demand have blinked first. Yet many experts   feel that there is more to come.   It seems that the endgame of speculation in Patna real estate has begun. A multitude of factors are converging after a decade, setting the stage for a deep correction in real estate in Patna . The story in real estate Patna has all the ingredients of a making of a   bubble.  Real estate price...

Buy Sell Rent Patna “The Patna Real Estate market has not even reached 20% of its potential. Any investment in real estate in Patna is bound to be profitable!" This statement clearly summed up the Patna Real Estate market in last ten years. Going by the recent trends in the Patna property market , it's for the first time in last ten years that we are currently facing a consolidation or even correction in some areas of Patna real estate, especially commercial space. We need to realize that a slow down or a breather was in demand for a fast growing property prices in Patna . After a lull of at most three years once again Patna real estate will embark its growing trajectory in the next 10 years.   In fact for the investors in property market of Patna ; the mantra is that this is the time to go shopping for property in Patna ; as the market has started firming up or correcting already. As the organized Real estate market develops in Patna , real estate as an i...

Investing in real estate is a time-honored method of achieving financial success all around the world and more so in Growing Patna currently. Throughout the ages, investment in property has helped a lot of people make a great deal of money – sometimes quickly, sometimes over the long term. Those who invest for the short term are generally known as property speculators, and they play a risky game. Long-term property investment is for forward thinkers who have an investment horizon of at least five years. The objective of a long-term property investor is to buy a property at a low price and sell it at a higher price. To be successful at this, one needs to know what is going to happen in a certain locations in Patna over the next few years. Invest in a growing location in Patna You will need to invest in a growing location in Patna , not an established one. This is especially true if you are a middle-class person living off a middle-class income. There are two reasons for ...

Buy Sell Rent Patna With a rising number of property portals entering the real estate market in Patna , the online real estate business in Patna is expected to improve gradually as these websites bring transparency by providing high quality information about residential and commercial projects in Patna . Property portals and websites are increasingly becoming a tool for research on buying, selling and leasing residential or commercial properties in Patna and many parts of the country, as the amount of information listed on these sites is increasing. Secondly the penetration of internet is increasing day by day in Patna . The good news is that it is not only the younger generation which is getting hooked to computers in Patna but even the older gentry are spending time in front of computer screens. Currently, the size of the property portal market in our country is around Rs 350 crore going by the top line of some of the listed portals in the country. This marke...

Buy Sell Rent Patna It is generally accepted that improved road connectivity is very important for real estate growth anywhere in the world and more so in Patna . Patna was deprived of any road development for almost a decade or so in 1990s. Most property brokers and real estate agents in Patna therefore make a big case out of an area's new excellent road network in Patna and how this improves the appreciation value of a proposed property in Patna. But how exactly does this phenomenon work? What is the real 'connection' between better roads and better real estate values in Patna ? Road Connectivity And Quality Of Life in Patna Fundamentally, the creations of major roads in Patna have reduced vehicle travel by cutting down the distance that needs to be traveled between destinations. This has a direct effect on residents in connected areas of Patna . With shorter distances, people can comfortably choose to travel public transport or two  wheeler   ther...

Buy Sell Rent Patna Patna real estate scene will witness the emergence of senior citizens' homes as a new market segment as the number of projects and housing stock directed at this section of population will rise fast. The status of seniors in Patna real estate market will experience a sea-change, owing to their growing cohort size, augmented financial independence and change in mindset. They will no longer be considered withdrawn, risk averse and financially dependent. The immense potential of this segment, with its unique needs and promises, will offer an array of opportunities to the Patna real estate market. The developers in Patna seriously need to explore this segment actively. The early birds will have distinct advantages. In   Patna , large numbers of households are nuclear and a significant per cent of the population is aged 60-plus, indicating that the aged are in greater need of support than ever in Patna . Therefore, the number of housing units being ...

Buy Sell Rent Patna How often do we come across a situation wherein supply in the real estate market is not aligned with market demand? The answer may be “YES”; in most cities. A similar situation looms large on the Patna real estate market. BuysellrentPatna has found, there is a significant mismatch between demand and supply of different configurations. While 2BHK seems to be the preferred size for buyers in Patna , developers in Patna are largely building 3BHK units. The data also shows that supply for 2BHK units has remained just above 30 per cent, while that of 3BHK has inched up slightly and settled at 45 per cent of the total supply in the real estate market in Patna during the same period. Units of 2BHK have remained the preferred category with nearly 45 per cent share of the market demand. This indicates a considerable difference of nearly 15 per cent between demand and supply of 2BHK apartments in Patna . Buyers in Patna are price sensitive. Most of the dem...

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 If you want to have a smooth experience in the real estate purchase in Patna , then it is highly essential that you look for a professional real estate agent so that you get the finest deal. Nowadays with the growing popularity of various businesses, you will find a lot of commercial property for sale in the property market in Patna . These commercial real estate agents will help you in buying or selling the property efficiently. They play a vital role in the success of any business. In these tough economic times, it is necessary that you re-examine all the aspects so that you get the best deal in Patna . Purchasing a commercial property in Patna is not at all easy. You require making a sensible and careful decision. However, there are many organizations that overlook this aspect and then at the end, regret with their decision. A reputed real estate agent in Patna will help you by providing the commercial property for sale listings. You can dedicate your ...

Buy Sell Rent Patna Most people in Patna are convinced that real estate is a great asset. More caution is in order. Real estate investment in Patna is not a guarantee of profit. Real estate in Patna is hard to be diversified, and illiquidity hampers portfolio structuring. Most important, the outlook for supply over the medium term in property in Patna implies that there is no great upside from here.   Too many intelligent people in Patna believe that one can never do wrong by investing in real estate in Patna . Some facts will help bring more sense. Consider investing in the best commercial real estate of Bombay -- Nariman Point -- in 1994. The price was Rs.35,000 per square foot. Today, almost 20 years later, the price is Rs.25,000 a square foot.   Over this period,   Nifty produced returns of 362%. Inflation ate away 272%. Net of inflation, Nifty delivered an average annual return of 1% while Nariman Point commercial real estate; one o...