REAL ESTATE PATNA

Slums in Patna A story of every Patnaite …. Dreams are seen in Patna . This dream brings people from all places in Bihar to Patna and also drives many out of Patna . Slums provide them an inexpensive shelter and are found in Patna all around. They constitute close to half of the city’s population and this population is only to grow tremendously in the future. While imagining a slum free Patna ; it cannot be achieved with only policy in mind but needs lot of inclusive and interactive support of all stakeholders as well. Patna cannot become slum free unless the issues of Patna ’s poor are connected with other issues of the city, Patna . Making Patna slum free is the biggest challenge which can only be achieved by ‘Breaking the rules’. Just like how a Primary Municipality school is considered a school of urban poor which lacks basic education quality and amenities. This issue can only be addressed if Municipality schools are brought in the same quality and equity as...

Malls in Patna; A Vision At the outset, malls were thought to be the drivers of growth for the retail and entertainment sector in India and therefore Patna too. However, factors such as bad location, poor planning and lack of maintenance and absence of leased models in mall space have given a setback to this business across our country and Patna too. In metro cities, shopping malls have received a good response comparatively. On the other hand, Tier II and Tier III cities like Patna are witnessing huge empty space in malls, in smaller towns; over a third of the space is unoccupied in 2013, as against just 7 per cent in 2007.   Analysts say 80 percent of India ’s 255 malls are failing. Reports suggest that about US$4.2 billion has been spent to build these approximately 255 malls, of which about 65 percent are in Delhi/NCR and Mumbai.   Other challenges to tide over include high rentals, overall slowdown, issues wi...

Cinepolis Multiplex Patna   The slowdown in the real estate sector in Patna has cast a shadow on Bollywood as fewer multiplexes are available for distribution of films, indirectly affecting the box office collection of new releases in Patna . It indirectly also troubles the Bhojpuri filmmakers as it means less single screen space for them as Hindi movies compete with them for the single screen space in Patna’s cinema halls or Talkies . Though, most of these cinema halls in Patna are on the verge of being a part of History. Multiplexes, the one that Patna has is in P & M MALL; rake in a major share of a film's total collection and almost 90 per cent of these multiplexes are housed in malls in our country, attracting huge footfalls. With the delivery of malls across Patna being delayed by a couple of years, Bollywood lost out on additional multiplex screens which could have garnered more revenue to the industry. Growth in multiplex screens does make a significant ...