REAL ESTATE PATNA

If you are renting in a house or apartment  in Patna , be prepared and make a rational assessment of the property in Patna as well as of Legalities. Tenants in Patna usually look for basic amenities like electricity, water, parking facility and other convenient amenities. However, there is much more to it which should be certainly checked before you finalize a home on rent in Patna . Our team will amaze you with certain detailed inspection points that Tenants in routine site visits forget to check. These points only crop up once they start living in the rented home in Patna . These points have cropped up many times when our engagement team takes a feedback from our rental clients in Patna. We have noted these from our clients and made a better checklist based on the feedback from our clients. Do check for the Power Points in the Property for rent in Patna . High Voltage points in kitchen and for geyser in bathrooms and charging point just beside the bed are certainly ...

Rental Properties in Patna At the height of the real estate boom in Patna, some people purchased rental homes in Patna without looking at whether the rental income was enough to cover all the expenses — including the loan if taken — and provide positive cash flows to the investor. Going forward, investors should first be concerned about making sure that the properties in Patna they buy pay for themselves. For example, if one invests Rs 35, 000, 00 in down-payment to buy a Rs, 125, 000, 00 property, they should buy what gives them positive cash flows and more importantly a positive cash-on-cash return on their money. Beware, because many propertiesin Patna , even with today’s lower prices, do not pay for themselves. In these cases the owners end up taking money out of their bank accounts on a monthly basis to cover the negative cash flow properties they have purchased. Covering negative cash flow from your other savings is not a good investment strategy. Here’s why – ...

SHOPS FOR RENT IN PATNA Mr. Kumar started a franchise coffee outlet of a brand in Patna . Though coffee drinking is not a part of Bihari lifestyle; he was confident of winning the young crowd of Patna. From the first day on wards what irked him was the high rental that he was paying for the space and the large security deposit that was asked for the same. The rental and electricity bill constituted 60% of his fixed overhead costs. He paid Rs. 65000 for his 800 sq ft outlet. Maintenance and electricity charges took it to around Rs.85000 on an average monthly. This recurring fixed overhead cost has taken the lead time for breakeven from usual 8 months to unbelievable 2 years. And now the landlord/owner of the place feels that the rent be further increased as his business is running well. The truth is that he is yet to break even and the summers are around and there will be dip in his business and at the same time the electricity bills due to air conditioning cost will incr...