REAL ESTATE PATNA

The irony of our times in Patna is that in a largely agricultural based economy of Bihar, a GREEN Building is seen as LUXURY, which only wealthy (which itself is handful in one of the most economically laggard state of India) can afford. In our poor state the poorest people are living the greenest lives and they need money not to be GREEN but to afford a “HOME”. Therefore “GREEN HOME” is luxury in Bihar for both the classes, one cannot have GREEN and the other cannot have HOME. The idea of Green Building is to limit the impact of construction and habitation  within the limits of the construction on the environment without compromising human comfort. There is a perception that going GREEN requires increased cost for the developer in Patna as compared to traditional construction costs in Patna. It is more so in Patna because builders in Patna do not participate in the maintenance of the building they have erected. If an INTEGRATED approach is adopted by developers in Patna, th...

buy sell rent Patna The   real estate in Patna is on a high growth path, since last few years. Now to take property in Patna to another level of QUALITY; IT industry can play a major role. The influx of IT set-ups across India has given a push to the demand and supply of residential as well commercial space in the country. Patna real estate can therefore hope for the same result with the advent of IT sector in Bihar . Till now the real estate Patna has increased in capital value more due to supply and locational advantage. With the advent of IT property market in Patna will emerge and largely grow due to government policies, talent pool, subsidies and relocation & expansion strategies of IT/ITeS companies . The advantages of investing in residential apartments in Patna along the much awaited IT corridor in Patna will be significant for most of the IT driven markets. Focus on physical and social infrastructure will attract migration of families and tal...

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...

Affordable Housing for investment in Patna The high Court intervention in large number of illegal constructions in Patna and careless attitude of Patna Nagar Nigam in passing the building maps has raised many questions about the inside reality of real estate sector in Patna . It has highlighted the nexus between politicians, builders and bureaucrats. It has also highlighted the urgency of regulation to safeguard interest of common people and investment risks in a real estate in Patna as an asset class. In this article the focus is on investment in real estate in Patna as an asset class. In Patna most of the people consider the real estate investment particularly in residential premises as safe investment with potential of high reward which may not hold true now. The reason why people bet more on this sector is availability of easy loans in recent times and tax benefits available on such home loans. Another major reason is involvement of black money which makes this sector m...

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...

Buy Sell Rent Patna What can you hope for with elections around the corner in real estate Patna ? Like all other industries, the real estate industry in Patna is equally excited and nervous about the scenario post elections. Only time will show whether the property market in Patna will remain intact and grow or experience a change for the worse. The Elections have just been conducted in the five states of our country and the results are encouraging for the opposition in four of the major states. The speculation market is flowing with who is going to form the government in 2014 and what will be the future for the next five years. Like all other industries, the real estate industry in Patna and in the whole country is equally excited and nervous about the scenario post elections in 2014. Only time will show whether the property market will remain intact or experience a change. But till then, www.buysellrentpatna.in is trying to bring you an analysis based on the tre...

BUY SELL RENT PATNA The main motto of a seller who is dealing with a real estate in Patna  is to negotiate the best deal on her/his property in Patna . He has to show his confidence and professionalism while dealing with a  property in Patna . In these days almost every person in Patna is involved in some part or completely, directly or indirectly in real estate. Hence, every person means both the buyer and seller should have the below said strategies in order to make a best deal in property in Patna . Gaining a constant trust:   Gaining a constant trust is the main important strategy for a real estate seller in Patna . It helps him at the time of liquidity of a property in Patna . It is needed for him to gain a complete trust from the buyer. He should make the buyer to feel that it is reasonable to deal with him. He has to bring awareness among the buyers by suggesting the benefits on that particular  investment in Patna . He should never delay any cou...

Patna is fast becoming a hub of industrial activities, high rises, residential complexes, malls and huge commercial complexes, which are gradually but steadily transforming the skyline of Patna . If you are commuting on the busy and packed streets of Patna , you will come across brightly colored cranes, rubble, construction and hordes of workers scurrying up and down the new constructions of flyovers or buildings. This surely urges you to contemplate on the explosion of real estate sector in Patna . Is it a mirage? How real is the influx of investments by speculative and long-term profit makers in real estate Patna ? Are the commitments by over sized private equity firms, overseas investors and domestic financial institutions adding to the hype and frenzy created in the concrete world of real estate in Patna ? Astute watchers in the property sector in Patna feel that the bubble is not as big as it seems. According to prominent investors in Patna , brokerage...