REAL ESTATE PATNA

Buy Sell Rent Patna The main reason that the Patna real estate market finds itself in trouble today is that prices have become unaffordable, even for most professionals. The underlying reason for this is an artificial scarcity of land in our cities in Bihar and particularly Patna . There are several reasons for this: states have zoning restrictions, land-use rules and so on. This need not be a bad thing, but these rules are administered by inefficient and corrupt bodies. Clearances and permits follow a labyrinthine process and involve the greasing of many palms. The resultant shortage of land in Patna where apartments, offices and shops can be built inflates prices. Today, as demand starts to weaken across property markets in Bihar , we need to think of ways to build really affordable real estate in Patna . First, the government must identify tracts of land to build new urban projects in and around Patna . Once identified, the change of land use from farm or fallow la...

Buy Sell Rent Patna Patna is proving to be one of the most lucrative options for property investment among Tier II cities in our country. It is scoring on the back of factors such as being the state capital of fastest growing state of the country, affordable rates, infrastructure development, good returns and several builders having projects in Patna . Experts believe that property rates in Patna are expected to rise in the future owing to the infrastructure development planned in addition to many high-rise buildings also coming up in Patna . Infrastructure projects that are likely to boost the capital values in Patna include metro rail, Road along Ganga and various National highways construction. Local realtors feel that Patna is an end-user driven market but has slowed down after last year because of sharp appreciation in the past years. With the announcement of metro rail project in Patna the area around Shaguna more and Gola Road in Patna will assume more capita...

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...

Buy Sell Rent Patna “The Patna Real Estate market has not even reached 20% of its potential. Any investment in real estate in Patna is bound to be profitable!" This statement clearly summed up the Patna Real Estate market in last ten years. Going by the recent trends in the Patna property market , it's for the first time in last ten years that we are currently facing a consolidation or even correction in some areas of Patna real estate, especially commercial space. We need to realize that a slow down or a breather was in demand for a fast growing property prices in Patna . After a lull of at most three years once again Patna real estate will embark its growing trajectory in the next 10 years.   In fact for the investors in property market of Patna ; the mantra is that this is the time to go shopping for property in Patna ; as the market has started firming up or correcting already. As the organized Real estate market develops in Patna , real estate as an i...

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...

Malls in Patna; A Vision At the outset, malls were thought to be the drivers of growth for the retail and entertainment sector in India and therefore Patna too. However, factors such as bad location, poor planning and lack of maintenance and absence of leased models in mall space have given a setback to this business across our country and Patna too. In metro cities, shopping malls have received a good response comparatively. On the other hand, Tier II and Tier III cities like Patna are witnessing huge empty space in malls, in smaller towns; over a third of the space is unoccupied in 2013, as against just 7 per cent in 2007.   Analysts say 80 percent of India ’s 255 malls are failing. Reports suggest that about US$4.2 billion has been spent to build these approximately 255 malls, of which about 65 percent are in Delhi/NCR and Mumbai.   Other challenges to tide over include high rentals, overall slowdown, issues wi...

Buy Sell Rent Patna When you are setting out to purchase the home in Patna you always dreamed of and saved for, you obviously want something more than just an anonymous set of walls in a congested city centre or even on outskirts of ever growing Patna . There is a lot more to the perfect home than good construction, layout and fittings - a residential property in Patna needs supporting social and physical infrastructure to become a suitable home. In Patna , integrated townships will be seen as the answer to these requirements. However, land constraints, zoning laws and the budgetary considerations that govern property buyers in many areas of Patna , often do not make the integrated township model feasible. A more practical and feasible alternative is integrated residential projects in Patna . What are integrated residential projects? Like integrated townships, this compact and serviceable model offers home buyers everything they need for a comfortable ...