REAL ESTATE PATNA

Buy Land in Patna It is the rising price of land in Patna that keeps the price of real estate in Patna always increasing because the land price is the most important price factor in the real estate price in Patna. But at the same time land prices in Patna are also dependent or better say partially dependent on real estate developments in Patna. With rising real estate developments the land prices too head northwards. This very symbiotic relationship between land prices in Patna and development in Patna real estate is major cause of real estate bubbles in Patna. Yes, it is interesting to decipher whether it is high prices of houses in Patna that makes the land prices in Patna higher or is it high land prices that makes buying a house in Patna exorbitant. The price of property in Patna is made of material cost, labour cost, intangibles like location & brand, marketing and administration costs (for builders and developers in Patna), registration & stamp duty cost, tax...

DIGHA –SONEPUR RAIL CUM ROAD Bridge The deadlines are never met in Bihar in construction of infrastructure projects and DIGHA –SONEPUR RAIL CUM ROAD Bridge has the same fate. The deadline of March 2015 will get extended for the aforesaid project for sure. The question here is not the delays but whether real estate in Sonepur and adjoining areas will get a boost once the  DIGHA –SONEPUR RAIL CUM ROAD BRIDGE is operational say even after 2 years or so. Many real estate investors have already placed the bet in this area with the hope of manifold gains and one can come across a number of projects related to residential plots on the SONEPUR side of the bridge. There is no doubt that the prices of land on Sonepur side has increased but will it transform into real estate development? Will Patna expand and engulf Sonepur as one of its satellite townships? After independence Rajendra Setu, (also known as Rajendra Pul and Mokama Bridge) across the Ganga was the first bridge t...

Land For Sale in Patna Till 1980s the only way to invest in Property in Patna was buying a plot in Patna or buying a piece of land in Katthas or Bighas in Patna. The buyers mainly belonged to middle class working or business class and the sellers were largely farmers. Then came the housing co-operative era and large plots in Patna were acquired by them and then redistributed to buyers in 2 -3 kattha plots. It gave rise to 10 feet -15 feet roads in residential colonies in Patna . The gains for people who invested in plots in Patna in mid 1980s (say 1985) is in tune of thousands becoming lakhs. A plot in Patna of one kattha if was purchased for Rs.10000/-(rupees ten thousand) in 1985 by 2010 it was priced Rs.25 lakhs (rupees twenty five lakhs) in any corner of Patna . In 25 years Patnaites were able to convert Rs.10000/- to Rs.2500000/- A gain which will bring smile to anyone and everyone face. We should not forget that we are talking about an area of the world where the earnin...

To make a significant difference and change in the upcoming housing projects in Patna , a lot more than just design is required by the developers and builders in Patna . That extra something is, time, local know-how and the want to achieve excellence. The idea is to build a project where Patna housing standards get bench marked. At least if people have money to pay, they should get the real estate for their money’s worth. This kind of real estate and commitment in Patna is required to change the trend in residential real estate market of Patna . Not just Patna but all of Bihar is going to benefit from this shift in thought and delivery.   With shady land acquisition cases, extremely high land and property prices in Patna and a general lack of civic sense in Bihar , most commercial office buildings are in a bad state in Patna . The construction is okay but there are problems with the design and more importantly the upkeep of these commercial properties in Patna...