REAL ESTATE PATNA

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 ...

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 They will no longer be considered withdrawn, risk averse and financially dependent.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 ...

There are many benefits of investment in real estate in Patna . In general, investment in Patna ’s real estate involves purchasing of property/real estate for reaping profits in a certain time period. Benefits of investment in Patna real estate whether it is done in townhouses, single family house, luxury condos or condominiums, pre-construction real estate in Patna and pre-launched projects in Patna depends on a number of factors. Investment in Patna real estate is further influenced by suitable and prominent locations in Patna clubbed with availability of all sort of common facilities. Some of the benefits of investment in real estate in Patna are enumerated below:- 1) Appreciation : Most of the people invest in real estate in Patna for earning profit on short or long term basis. The longer the period the higher the profit and as and when an investor finds best opportunity, he enjoys the benefits of investment in real estate. 2) Rental income : It is one of t...

BUY SELL RENT PATNA Lately  real estate projects in Patna , both commercial and residential  are getting delayed. General causes for delay in projects in the real estate Patna market varies from funding issues to delay in regulatory approvals and weakening demand. Lack of funds due to slowing investor activity is another reason for delay in residential and commercial projects in Patna . But the most significant reason remains lack of demand. The main reasons for lack of demand are recessionary and inflationary pressures.   A major reason for delayed projects in Patna is believed to be entry of new players in real estate arena. Many experts think that opportunists, who joined real estate business in Patna when the market was buoyant, are suffering the most. Many developers in Patna , who started their projects when realty market in Patna was booming, lost their way once recession struck. As these new entrants lacked resources to build large size project...

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...

Green and clean Patna:- Buy sell rent Patna. Urbanization in Patna has risen to a greater extent. It has greater impact on citizens and their livelihood. Patna needs various steps in order to sustain the ecological balance all over the city for a healthy living. One of the forms to protect and uphold environment in an urban center like Patna is adopting   urban forestry .   Urban forestry is one of the prominent greenery plans which are carried out in various cities all around the world. Various practitioners, scholars and community leaders have come up with innumerable ways in which trees/ greenery can become a major part of life to create a green ecosystem in a city like Patna . This in turn will create a better quality of life from all the aspects like mental, physical, psychological, economical, aesthetic and recreational for people of Patna . Therefore, urban forestry refers to the revolution of spreading greenery in our city Patna . In order to hav...

BUY SELL RENT PATNA Sustainable development is the key term to look into while we execute Integrated Townships around Patna . Sustainability in real estate Patna terms mean, ‘addressing the demands of the present without compromising the ability of future generations to meet their own needs in Patna ’. In view of what is happening to the environment today all around the globe, it is certainly an important and must consideration when we think of world class real estate or housing in Patna . Remember that Patna is no exception to the rule that a sustainable future calls for sustainable action in the present, especially in terms of residential real estate, which determines our living in Patna . To make sustainable developments, the word in vogue is GOING GREEN . The term ‘Green Housing’ or ‘Eco Friendly Homes’ relates to making residential building sustainable by applying frugal strategies in housing development in Patna. It is an integrated approach to minimize the impact of con...