REAL ESTATE PATNA

The definition of affordable means different for different people depending on the socio-economic class, income levels etc. The term applies most pertinently to housing created for the EWS (Economically Weaker Section) of society so that they, like the middle class, can also benefit from the financial and emotional security of home ownership. We are looking at an interesting new phase in Patna real estate where affordable housing in Patna will get preferred rather than 'poor cousin' status it has hold till now. The slump in Patna property market has clearly showed its stakeholders that is the best hedge. An interesting and important fact related to Patna real estate is that affordable housing projects have the fastest absorption rates. In other words, the creation of more affordable housing makes sense not only from a socio-economic point of view but also in terms of the real estate business. The demand in terms of units is phenomenal, and developers in Patna who have b...

In what may come as a sentiment dampener for fence sitters, home prices are unlikely to come down in the near future as the Patna real estate market is already at its lowest point as far as prices matter.   “Prices have either seen marginal increment or have actually being at the same level since last year, shows a latest Patna real estate price trend report by www.buysellrentpatna.in. The report further says that there has been an implicit price correction as on average, properties in Patna today cost the same as two years earlier.  The capital values therefore have stagnated in Patna reality market and the inflation is negated.  The central Patna has witnessed the largest drop in prices of around 15% over the last two years. Areas like Sampatchak seemed to have seen a double digit growth of 12%, but the increment is nullified, after adjustment for inflation. Kankarbagh and Rajendra Nagar have registered a price increase of 7.6%. Boring road and the adjo...