REAL ESTATE PATNA

Warehouses form a crucial link - between manufacturers and us, the buyers from the local retailer. The turnaround time, or the time taken to deliver since ordered by either the consumer or the retailer is important for any company be it ITCs, the Unilevers, or the consumer durable companies such as Samsung and Whirlpool. They all manufacture their wares, ship out, and during various stages of transportation, store the products in strategic locations so it can be delivered in quick time, whenever they see demand. In the case of e-commerce (flipkart, amazon), the warehouses also ensure that the parcel the customer receives has the correct product ordered, that it hasn't been tampered, and safe. Warehouses  have always existed in Patna. GOL GHAR, the famous monument of Patna was built as  warehouse in Patna  in British period. Therefore what's new is the way; Patna stores its ware especially after GST. It is changing; from Godowns to warehouses. Third party log...

Property Rates Patna What are the reasons that Property prices in Patna rises? Patna is a unique market as the demand comes from all around Bihar and even abroad from NRBs (non-resident Biharis). We have factored in few reasons in this write up. 1.      1.  Growth  in household income When household income in Patna grows, property prices too display a rise. The extra income is used to buy property in Patna as most end users buy property in Patna wit h   home loans. As household income increases it eases out the payment of EMIs. 1.      S     2 . Stamp duty and Circle rate of property   State government from time to time revises the circle rate of different localities of Patna. An increase in circle rate means more payment of stamp duty, as stamp duty is a certain percentage of circle rates. The circle-rate increase directly hikes the property rates in Patna . 3.       ...

Patna Real Estate   First Reason : - OPEN PLATFORM No one cannot really be held responsible for adding misleading information to 99acres ; Magicbricks ; housing.com , Proptiger.com and many other national real estate website database, since they are an open platform, without regulation. The major problem is that homebuyers or sellers do not know whether a listing on these national sites is a legitimate deal or a time pass. Innocent online home buyers simply assume that a property for sale on 99acres is available, and may begin to get emotionally attached to it before finding out that it is a JOKE. Not only 99Acres but all national websites are known for having this same problem. At most the mobile number is verified or mail id is verified on national real estate websites but the most important thing the property is not verified physically or legally. Anyone with an email id and phone number can go and list their property for sale or rent on these national websites...

Our Article published in Times Of India, Patna Edition on 29th July 2018 (We have reproduced here our Article first printed in Times of India, the newspaper)   How many real estate projects are going on in Bihar? Who are the builders? What is the status of construction? Time till completion!!! Home buyers in Bihar have always been curious about these issues!!! Now they have a platform; RERA BIHAR. The buyers in Bihar have RERA BIHAR website to look into these anxieties. Developers and builders in Bihar just do not have to register themselves with RERA BIHAR but have to give all the details related to the project, to be put up on the regulator’s website for the public to see.  Now if anyone is planning to buy a flat in Bihar, most of the questions can be answered on this website, though at the time of writing; the website needs a lot of up-gradation and validation, but it is functional. According to RERA ACT, after 31 July 2017, if an ongoing re...

We at BuySellRentPatna.in always find sellers in Patna, particularly those who as investor went for a property in Patna for returns, asking too high a price than the relevant market price. The non- resident Biharis too are exorbitant We do understand that with no index to guide on the market value of the properties in Patna, the seller tries his whims and luck as a strategy. The only tool available to sellers in Patna is comparative analysis in the locality. The selling price is directly proportional to appreciation in the property prices . If anyone is investing in the Patna property market for rental yield; than both residential and commercial yields are negative, until and unless you have inherited a property, which many have in Patna? Therefore it’s better to invest in Patna real estate for appreciation and only appreciation. Therefore prior to investing in a property in Patna , analyze which are the factors which help in appreciation of Property prices in Pa...

Mr. Kumar had recently purchased a 3 BHK flat in the Shaguna More area of Patna. The flat cost him around Rs.60 Lakhs including taxes. Besides saving, he had to take a home loan of Rs.45lakh. Now the biggest burden he faces every month is the EMI which takes away 35% of his monthly salary. With the ever fluctuating interest rates, home buyers in Patna like Mr. Kumar are having second thoughts on purchasing homes in Patna. To keep EMIs affordable and also purchase the dream house in Patna, people usually go for long tenure home loans . However, many are clueless that the more long-term loan you apply for, the more interest you pay. As mentioned above, the long-term loan will make you pay extra EMI from the usual interest rate you are paying. The short-term loan will ensure reduced long-term financial commitment. A 15-year loan is quite affordable compared to 20-year home loan , which will also result in the lower interest rate. Moreover, the principal amount pai...