REAL ESTATE PATNA

Residential properties in Patna Developers in Patna would be expecting increased traction during the festive season though, the demand in most part of the city remained lack  lustre  last year in 2014. And not to forget the state elections too will influence decision making of the home buyers in Patna . Interestingly, despite lower demand, developers in Patna do not seem to reduce their base selling prices but are offering various innovative payment plans, such as possession linked plans where one has to pay only 10 to 30% up front and the rest can be paid at the time of possession. This shows that Patna real estate market is definitely facing the heat due to unsold inventory. In the secondary market, a substantial discount is available on under-construction properties in Patna . The primary reason of this lower transaction volume is unaffordability. Residential real estate prices in Patna have traversed the affordability levels in Patna property market ...

Patna Property The Ashiana-Digha road is a two-way road that is 7m wide. Once the drain beside it is covered, the stretch from Ashiana Mor to Rajeev Nagar drain would become 14m wide and the road will assume two lane status. The 2.8-km stretch of the Ashiana road would be a bit higher than the existing one which too has a seven-meter wide carriage way. At four points along the stretch, cuts would be left in the median for the convenience of commuters. These cuts would be located near the Ashiana Colony, Ramnagri Mor, Magistrate Colony Mor and between the Bailey Road junction and Magistrate Colony Mor. What does this development mean to the real estate of the area? The first and foremost reaction of the residents is “delayed” according to a survey conducted by hyper local real estate portal of Patna, buysellrentpatna.in . It was in the 1990s that the first development on Patna’s western frontier was staged by private local developer in the form of Ashiana Nagar ; phase one...

  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...

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...