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Showing posts with the label rents in Patna

Salaried real estate investors in Patna in mess as loan cost pinches

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...