REAL ESTATE PATNA

As we look at how the residential real estate market in Patna is behaving this festive season of 2015, developers in Patna and the consultants in Patna are on the same page while accepting that it continues to go through a slow time. Many developers in Patna still have their backs against the wall financially, and have been challenged to complete or show convincing progress on their under-construction projects in Patna. Unfortunately, this fact has been overly hyped by the media, and even developers in Patna who are well capitalized and fully able to complete their projects have been tarred by the negativity brush. This has resulted in a drop in overall confidence from home buyers in Patna , who are worried that they will commit their money into properties in Patna which will not be delivered on time. The National economy and therefore the state economy in an election year of state have not shown the kind of perk-up which everyone had hoped for in 2015. However, matters...

Residential properties in Patna Developers in Patna would be expecting increased traction during the festive season though, the demand in most part of the city remained lack  lustre  last year in 2014. And not to forget the state elections too will influence decision making of the home buyers in Patna . Interestingly, despite lower demand, developers in Patna do not seem to reduce their base selling prices but are offering various innovative payment plans, such as possession linked plans where one has to pay only 10 to 30% up front and the rest can be paid at the time of possession. This shows that Patna real estate market is definitely facing the heat due to unsold inventory. In the secondary market, a substantial discount is available on under-construction properties in Patna . The primary reason of this lower transaction volume is unaffordability. Residential real estate prices in Patna have traversed the affordability levels in Patna property market ...

BUY SELL RENT PATNA In Patna real estate market there is invasion of realtor's and developers working in metros of our country. Most of them have their branch offices or some other form of operational establishment in Patna. The bug does not stop here and many well established home grown builders in Patna have begun digging foundations in other parts of our country.  Is this a story of the High net worth Individuals making a flight to metros? It would be heartening for the growth story of Bihar . Unfortunately it is not limited to HNIs but the middle class Patna dweller is taking the lead in this flight. The reasons are plenty; but one which occupies the center stage is the plight the real estate Patna is in from last two years or so. BUY SELL RENT PATNA The Bye- laws have seen the light of the day, almost. Implementation is to be watched. The master plan for the city is still under covers, how long it will take, no one can guess or estimate. As the uncertai...