REAL ESTATE PATNA

Mr. Bihari is a proud Father. His only son is in USA; the land of prosperity; and is very prosperous there. He is working for one of the best consulting firms of the world and after 15 years is on a senior position. The son is well settled NRI or we should say NRB (Non Resident Bihari) drawing five figure monthly salary. The son’s only son goes to a Private school; he has bought a KOTHI in USA spread in half acres or in Bihari terms 16 katthas. (1 kattha=1361 sq.ft in Patna). Additionally Mr. Bihari and Mrs. Bihari frequently visit their son. The son too flies to Patna once in two years for a month or so. There are only two scenarios where Bihari middle class parents are really proud of their son. If they are settled in a job outside Bihar , the greater the distance of settlement from Bihar the better or the son has a Government Job. For daughters the Bihari parents in addition to these two criteria for sons have another criterion. The daughters married to these worthy types of ...

  BUY SELL RENT Today the Indian Real Estate industry has reached a crucial juncture in its evolution where it requires more resources to grow. The real estate sector’s inventory has improved both in terms of quality as well as depth. We have seen many Developers now putting in place sound strategies to build a healthy spread of both Commercial as well as Residential Projects . Developers are emerging from the recent churn with relatively healthy Balance Sheets. The advent of REITs in the Indian real estate market will allow the sector to have access to a large and healthy source of funds. It will provide the sponsor (usually a developer or a private equity fund) avenues of exit thus providing liquidity and enable them to invest in other projects . Post clarity and implementation one can expect participation from large corporate entities. The REIT may raise funds from any investors, resident or foreign, but initially till the market develops; it is p...