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Showing posts with the label residential property Patna

Is real estate in Patna next in line to collapse?

Buy sell rent Patna While the spotlight so far has been on the rupee and the equity markets in Newspapers and media in general,   real estate   prices in Patna have started to bear the impact as well. Patna as surveyed by the National Housing Bank (NHB),  saw a drop in property prices during the April-June quarter of 2013, compared to the first quarter of this calendar year. All-round squeezes in liquidity and dearth of buyers have led to a fall in property prices in Patna .   Developers in Patna who were holding on to their prices despite sluggishness in demand have blinked first. Yet many experts   feel that there is more to come.   It seems that the endgame of speculation in Patna real estate has begun. A multitude of factors are converging after a decade, setting the stage for a deep correction in real estate in Patna . The story in real estate Patna has all the ingredients of a making of a   bubble.  Real estate price...

Lessons from Japan to Patna: Busting the biggest myth of investing in real estate Patna.

Buy Sell Rent Patna Japan saw the mother of all real estate bubbles in the 1980s. Banks were falling over one another to give out loans and home and land prices reached astonishingly high levels. As prices kept going up, the Japanese started to believe that the real estate boom will carry on endlessly. In fact such was the confidence in the boom that Japanese banks and financial institutions started 100 years home loans and people lapped it. Things started to change in late 1989, once the Bank of Japan, the Japanese central bank, started to raise interest rates to deflate the bubble. Land prices started to come down and there has been very little recovery till date, more than two decades later. Since the 1989 peak…land prices have fallen by 60 percent in Japan . Every bull market has a theory behind it. Real estate bull markets whenever and wherever they happen, are typically built around one theory or myth. Huge increases in real estate prices are built around “ the ...

Education and its impact on Patna`s property market

T he Oxford of the East was the  title that once was used for our Patna University .This very well tell us the standard of education we had i n Patna not long ago. Then came 25 years of decline to almost zero levels. We can now talk of revival since 2005 in Education in Bihar . Therefore we are counting on the hope that we retain the title of "oxford of the east" once more. It is possible in context with Patna if the number of reputed schools, colleges and management,  engineering  and medical institutions in the city grows. No doubt the numbers are growing but there is a long way to go and the emphasis needs to be on both numbers and Quality. Apart from the real estate spaces required for the many educational institutions seeking to make an entry or to expand in Patna , this fact will also served to drive demand for residential real estate . Growing Education in Patna Many families prefer living in Patna because of the variety of schools and colleges a...

IF BIHAR ALLOWS MULTI-BRAND RETAIL; ITS IMPACT ON PATNA’S MALL

Mall in Patna of our Dream F DI in multi-brand retail will have two fold impact on the Patna 's  real estate sector. First, it will increase demand for anchor space in Patna  if the state government agree to permit foreign retailers ; secondly there is a possibility that rental expectation would be raised, as not much of quality space would be available, suitable for big-box retail. For multi-brand retail, anchor space in upcoming, under construction ; project launch stage malls in Patna , the Indian ; existing foreign companies are either in negotiation stage or signed up space at these new upcoming projects in Patna . Therefore it will put the new entrants in a tight spot, as they will have to look for only new upcoming projects going to be operational only after 3-4 years from now. In our country, per capita mall space among top 7 metro cities is presently estimated at less than a square feet, with US and; Europe average being 20-40 times of In...

LARGE RESIDENTIAL PROJECTS IS WHAT PATNA NEEDS…..

Large residential projects in Patna I have often wondered why developers in Patna concentrate primarily on smaller projects. After all, doesn't it make more business sense for builders to launch large township projects? The primary reason that the builders and developers are going for small single residential project in Patna are following:- - The developer's construction costs for smaller residential property developments is much lower - They require a lot less land, and can be constructed in central areas where demand is high and we know land is really scarce in Patna . - They can benefit from whatever infrastructure already exists in the locality, so there's no need to put in much more - They can be constructed much faster and also sell much faster to a ready clientele who are looking for flats for sale in Patna . - There was demand for smaller residential projects in Patna even while the recession was on in the country. Tempting arguments ...

Buying a resale residential property In Patna.

buysellrentpatna.in  T he primary advantage of going in for a resale flat in Patna would lie in buying a home in a strategic location where no new supply is coming in. If one has personal cash resources at one's disposal and is not reliant on a home loan (a home loan on a very old property cannot be taken for granted), buying a home in a project that is 30 years or more in age can be a good investment bet in Patna if the residential property is in a strategic, high demand location with low or no new supply. This would mean that the project would come up for redevelopment, ensuring a tidy profit to the owner. Are Resale Properties Always Cheaper? Not necessarily. In Patna , new residential property supply is scarce or non-existent in many central locations. In such areas, there would not be a question of discounts on resale properties. Discounts are more prevalent in areas where the market is more competitive. That said, resale properties are sold either by the ...