REAL ESTATE PATNA

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...

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...

Patna is fast becoming a hub of industrial activities, high rises, residential complexes, malls and huge commercial complexes, which are gradually but steadily transforming the skyline of Patna . If you are commuting on the busy and packed streets of Patna , you will come across brightly colored cranes, rubble, construction and hordes of workers scurrying up and down the new constructions of flyovers or buildings. This surely urges you to contemplate on the explosion of real estate sector in Patna . Is it a mirage? How real is the influx of investments by speculative and long-term profit makers in real estate Patna ? Are the commitments by over sized private equity firms, overseas investors and domestic financial institutions adding to the hype and frenzy created in the concrete world of real estate in Patna ? Astute watchers in the property sector in Patna feel that the bubble is not as big as it seems. According to prominent investors in Patna , brokerage...