REAL ESTATE PATNA

In what may come as a sentiment dampener for fence sitters, home prices are unlikely to come down in the near future as the Patna real estate market is already at its lowest point as far as prices matter.   “Prices have either seen marginal increment or have actually being at the same level since last year, shows a latest Patna real estate price trend report by www.buysellrentpatna.in. The report further says that there has been an implicit price correction as on average, properties in Patna today cost the same as two years earlier.  The capital values therefore have stagnated in Patna reality market and the inflation is negated.  The central Patna has witnessed the largest drop in prices of around 15% over the last two years. Areas like Sampatchak seemed to have seen a double digit growth of 12%, but the increment is nullified, after adjustment for inflation. Kankarbagh and Rajendra Nagar have registered a price increase of 7.6%. Boring road and the adjo...

Patna real estate The Patna real estate sector has been facing strong headwinds over the past couple of years on numerous counts.  The clear air on bye-laws and master plan still elude the Patna realty market. Customers are adopting a wait and watch approach hoping for prices to come down.  While prices have corrected somewhat in most localities across Patna, the combined effect of cost increase and reduced prices along with the increased finance cost on account of the slow sales has left developers in Patna with no head room to lower prices any further. READ THE FULL ARTICLE.....

Don’t find customers for your products; find products for your customers, is the new mantra for Patna real estate going forward. With a stable popular state government in Bihar, the real estate in Patna is all set to gain lost glory. As soon as the election results were announced, the queries have increased manifold in Patna Realty market . The most heartening factor about these queries are that the customers are specifying the time and type of inventory they need. While the customers are detailing their need; one can feel that the demand is changing and therefore the supply needs to match the demand in buyers market currently. Patna Real Estate With the time there is increased focus on the quality of buildings and the lifestyle they offer by buyers in Patna real estate. They are also willing to pay for amenities. The buyers in Patna are demanding clubhouses with entertainment facilities, low depth swimming pools for children, jogging tracks, green spaces and more. The f...

Urbanisation can be simply defined as the rise of cities vis-a-vis the rural landscape. As a country moves ahead on the road to progress, cities tend to take center stage. In that manner, the rise of cities has often been construed as an indicator of development and progress. The case has been no different when it comes to Bihar. While the pace of urbanization was a bit slack in the early years post-independence, it has really picked pace in the past few decades, especially in the post-1991 phase. Coupled with economic growth and expanding markets, the urban population now stands at around 30% of the overall pie in India. Bihar lacks far behind the national average and the urbanization rate in Bihar is just 11.3% as of 2011. The picture of an urban Bihar is far from rosy. From economic growth to demographic dividend in the form of a young population, Bihar has many things going for it. If Bihar desires to shed its “laggard state” tag planned urbanization needs to be given due att...

As we look at how the residential real estate market in Patna is behaving this festive season of 2015, developers in Patna and the consultants in Patna are on the same page while accepting that it continues to go through a slow time. Many developers in Patna still have their backs against the wall financially, and have been challenged to complete or show convincing progress on their under-construction projects in Patna. Unfortunately, this fact has been overly hyped by the media, and even developers in Patna who are well capitalized and fully able to complete their projects have been tarred by the negativity brush. This has resulted in a drop in overall confidence from home buyers in Patna , who are worried that they will commit their money into properties in Patna which will not be delivered on time. The National economy and therefore the state economy in an election year of state have not shown the kind of perk-up which everyone had hoped for in 2015. However, matters...

PROPERTY  PATNA Patna’s real estate prices are never out of the news. From the sale of spectacularly expensive trophy properties in central Patna to the ever-widening affordability gap for middle class home seekers, the city’s residential real estate market is under a constant jaundiced limelight. What are the factors that have been driving Patna’s real estate prices so high over the years? To understand this phenomenon, one needs to examine it from the two primary real estate variables of demand and supply. Supply-Side Factors ·           Geography Geography is one of the primary factors responsible for Patna’s astronomic real estate prices . The city is surrounded by water on three sides; as a consequence, Patna has never seen circular development like most other Indian cities. Development has been always linear (or one-directional) from the eastern towards the western suburbs. A combination of factors such as distance...