REAL ESTATE PATNA

Buy Sell Rent Patna When new professionals move to Patna, they will boost the demand for new housing units and also drive rental demand in Patna, motivating investors to bring their money to the market and keep the momentum going. The Patna real estate will thus grow. Therefore the question is how new professionals will come to Patna. Let us invert the model. The new Bihari professionals in any part of the globe will like to have a stake in Patna real estate. This seems more likely in next five years!! Patna real estate will have to deliver to non- resident Biharis (NRBs) in a large way in coming years to thrive and grow. Today’s Patna offers nothing for professionals to move in to the city in large numbers, therefore the real estate need to focus to attract their money rather them to Patna and then they might follow. First thing first, The CEO of www.buysellrentpatna.in , Rakesh Ranjan feels that there is a lot of negative perception in the Patna realty market which is affec...

Buy Sell Rent Patna Although Patna’s realty market has seen consistent appreciation in the last decade, there have, at all times been areas that have exceeded the average capital value appreciation rate due to reasons like infrastructure development, supply and absorption, the arrival of new schools, hospitals and offices or their proximity to Patna’s central business hub. Four such emerging pockets in Patna real estate are: AIIMS - NAUBATPUR The development of AIIMS in Phulwarisharif is the main driver and NH 98 to Chirora and Naubatbur is emerging where land banks are being created. A number of developers are plotting. A part from these a number of foundations for townships and enclaves are being laid down. The area is forging ahead due to increased connectivity. Elevated road from AIIMS to Digha in addition to the highways projects crossing by the area. The development of AIIMS has given a strong boost to employment opportunities in the sub-market of Phulwa...

Buy sell rent Patna The real estate industry in Patna would want to forget 2013. The year saw builders stuck with lifetime high unsold inventories, thanks to the step taken by the High Court of Patna against illegal construction and Patna Municipal Corporation’s inefficiency to bring the house in order even though nine months have passed. Developers in Patna held back launches, refrained from sharp price cuts and pegged all their hopes on freebies and promotions. The home buyers stayed away from the real estate industry in Patna due to the mess and indecision of the governing bodies. The home buyers in Patna expect a steep fall in prices of property in Patna . It is not to take place. We can c all it a vicious cycle, but cash-strapped builders in Patna say they cannot cut prices given the high trajectory of inflation and borrowing costs, whereas buyers say they will stay away until there is a sharp price correction as buying a 2/3 bhk flat in Patna has become unaff...