REAL ESTATE PATNA

Women Power in Home Buying  Property buying is a major decision in middle class Patna Family; especially when the property in question is for self use. Within the family who is the decision maker? The current trend in Patna is that the whole family gets involved; Parents, the buyer and close relatives. But the “HOME MAKER”; she can be earning member even, now has increasing share in this decision making pie. Yes, increasingly Patna’s builders and developers as well as real estate agents in Patna agree that the lady makes or breaks the deal!!! In fact one of the Builders in Patna goes to the extent that for his new project he is hiring a lady architect to better understand women expectations from “the HOME”. Households in Patna are increasingly having dual incomes, and women have equal decision-making powers and often make decisions on behalf of the whole family.  Those who finally buy their homes after living for years in rented properties in Patna will apprec...

BUY PROPERTY IN PATNA For the Patna real estate market , 2015 festive season will be action-packed. The combination of festivals and state elections will ensure that there is a lot at stake in Patna property market . The overall Bihar economy represents a tale of two fronts promising great plans for Bihar’s future. Both the packages as announced by CM & PM will bring in “ अच्छे  दिन  ” for us, if implemented after the elections. After poll Bihar requires a stable government for the real estate Patna to get back its glory after two and half years of gloom that resulted in poorer business confidence. The overall sentiment needs to be rehabilitated explicitly with the formation of new stable Government in Bihar this festive season. A slew of measures for real estate in Bihar is required by the new government. It is high time that the real estate is given much importance in Budget of the state. Bihar cannot miss the urbanization train which is a must for agricul...

Has Anna Hazare’s so-called anti-corruption crusade got any impact on the real estate Patna ? Well, the question may seem to be borne out of cynicism, but wait. There is an impact, both in the short term as well as long term. A section of the real estate developers in Patna have already announced their pledge to not to pay any bribe to the government officials for getting their projects’ mandatory clearances in Patna . However, this sudden spurt of morality is a doubtful starter and privately many of the developers in Patna admit it is just the PR gimmick to make sure the sector is not seen as corrupt as the collective consciousness believes it to be. The gathering storm of the Anna Hazare movement against corruption may hurt the real estate developers in Patna the most in the long run. Real estate in Patna is the most corruption-prone sector of them all, with politicians, builders, and criminals involved in the ownership, development and manipulation of realty supply. Any ef...

The deepening economic slowdown, rising cost of living and low wage revisions, coupled with higher interest rates, are forcing salaried professionals who had earlier invested in properties in Patna to put them up for sale in Patna . Resale inventory has increased 30% in Patna real estate industry. Buy Sell Rent Patna People who had invested in properties in Patna some 5 years ago are now finding it difficult to service their home loans which have become too expensive now due to the rising interest rates and falling rental yields. According to a survey, resale inventory in Patna has increased nearly 30% over the last six months. Economic slowdown has hit the   Patna real estate industry. Salaried professionals, who had invested in properties in Patna five-six years ago to cash in on the boom, are now looking to sell them as they are finding it difficult to cope with the high cost of living. The resale market of flats in Patna is currently domin...