100 Articles on Patna Real Estate

WE WRITE ON PATNA REAL ESTATE.......


In-depth research and search for property in Patna is must because home buying is once in lifetime decision for most of us. Investors looking for growth need to carry the due diligence for better returns in Patna Real Estate market. These articles will help both buyers and investors in Patna property market. Insightful reading..............

Research Team; BuySellRentPatna.

IF THE READERS WANT TO CONTRIBUTE ARTICLES ON PATNA REAL ESTATE PLEASE WRITE TO US AT      info@buysellrentpatna.in

BENAMI PROPERTY




To regulate the property market the government of India brought in Prohibition of Benami Transactions Act (2016) on 1st November 2016. The first family of Bihar is already feeling the HEAT of this act recently. It will soon affect many more in Patna if implemented and executed timely. Therefore Biharis are eager to know the details of this ACT. The Act is a step towards eradicating “Benaamdaars” from Property market and making it more professional, transparent and organized.


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2BHK Flats in Patna :- Ace Investment and Affordable Home

A typical middle class family with income around 5 lakhs rupees annually in Patna can buy a 2BHK flat in Patna,as these 2BHK flats in Patna are available at affordable prices in developing locations in Patna. Affordable here means rates of Rs.3000 per sq.ft or so. The flat would cost around Rupees 35 Lakhs or so in upcoming areas of Patna. Still with home loans as aid middle class Bihari can afford them.






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ReSale Flats In Patna




Nothing can be more profitable and even satisfying than purchasing a flat in Patna at a price much lesser than the market rate in Patna. Moreover, the resale flats in Patna are fully constructed and come with a ready-to-move-in tag. One of the biggest benefits that the resale flats in Patna provide is the tax benefit after gaining possession. Section 80C and 24 B are applicable from firdt day as resale properties are ready to move.




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BRAND IN PATNA REAL ESTATE


The results tell it clearly that there is NO BRAND in real estate Patna. 73% of Patnaites could not recall any real estate brand. The highest that any Company got was 0.014% (yes 14 people out of 1000 named this company or rather the project). The company (better say the project name is JALALPUR CITY. That’s it. Out of the 576 people asked that why they bought the flat they are living; 62% said, it was in my budget and the other 17% bought because friends or relatives were buying. When the same people were asked that why from the particular builder; 87% said that they or someone close knew the builder.


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GROWTH OF PATNA REAL ESTATE



The natural growth of Patna’s real estate development is towards the West. The older part of the Patna remains in the East. The eastern core area of Patna faces the problem of overcrowding which leads to enormous pressure on physical infrastructure and traffic congestion.The newer housing development areas in Patna lie in central and western parts. 



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Patna Real Estate And Non Resident Biharis



4.42 million (Bihar has a population of 11-12 crores) people migrate out of Bihar every year, according to a 2009-10 report by the Indian Institute of Public Administration. The very reason that Biharis, as compared to others like South Indians, do not invest in Bihar because most of them never plan to return back to homeland. A good Bihari is one who is outside Bihar. 


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Entrepreneurs in Bihar and Real Estate in Patna



Commercial real estate in Patna will be the direct beneficiary if the start up trend gains momentum in the state. It is expected to benefit from the increasing number of new enterprises that are being registered every year in Bihar. These enterprises being entrepreneurial businesses may show a steady growth over the years.




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COMMERCIAL REAL ESTATE IN PATNA



Patna is rapidly urbanizing. The skylines of Patna are changing quickly with new buildings and modern architecture. Patna is metamorphosing in unprecedented ways through expansion of road networks and by numerous residential and commercial projects in Patna. 


 



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FLATS IN PATNA



Udaygiri, Himgiri, Nilgiri, Jamuna, Ganga and Krishna apartments were the starting point of culture of living in FLATS IN PATNA. 3 bhk flats were mainly constructed in Patna, though 2 bhk flats were also made. The construction of flats in Patna gave rise to REAL ESTATE INDUSTRY IN PATNA. Land prices began rising and business in property started to assume new dimensions in Patna Real Estate.  



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RESIDENTIAL PLOTS IN PATNA


Any residential plot were one can build a house in Patna now, is not less than Rs 30 Lakhs. It means even simplest of home in Patna for a middle class Bihari is at least worth Rs. 50 Lakhs. How come so many houses are being built in Patna? The reason is that these residential plots in Patna were purchased earlier, at least a decade ago and now the investors in land in Patna are reaping the benefits.

 


 

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FLAT PURCHASE  IN PATNA


Why, where and how are most important questions a buyer in Patna shall know before making a decision to purchase flat in Patna. First, home buyers in Patna must make up their mind that why are they buying the flat; PURPOSE of flat purchase in Patna. Secondly, determine a budget. Yes, what is affordable for the buyer? Next, focus on the city Patna to determine the location.

 


 

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3 Steps to sell Property; IN PATNA


First and foremost one needs to realize prior to selling property in Patna that anyone and everyone talk about property in Patna. Any value you will sell your property in Patna at, there will be people, the self appointed experts, telling you that they would have got a better price for you. Secondly It’s a Digital world!! And finally after 3 months.....




  

 

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RENT TREND IN PATNA



A decent 3 BHK flat for rent is available in Patna in Rs 10000 -Rs12000 with all amenities in walking distances DO NOT PAY MORE. Remember, there are ample flats in Patna and no need to hurry. Rent in Boring Road Patna is stagnant from last FIVE years. Rent for 2 BHK flat in Boring Road and adjoining areas of 1000 sq ft, is Rs 12000- Rs 15000 AND of 3 BHK flat of around 1200-1300 sq ft is Rs 15000 – Rs 18000 .



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KNOW YOUR TENANT BEFORE RENTING


To-Let a property in Patna is always a matter of deep concern. The social and emotional implications are great. The neighbors complaining, home defiled, late rent and so on are many issues that can cause undue social and economic liabilities if one has rented out to a bad tenant in Patna. These headaches could be avoided to a large extent by KYT.



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AFFORDABLE HOUSES IN PATNA


Developers in Patna, however feel that the low-income market is a viable one for them, except for financing issues. The poor themselves are eager to own a home in Patna and willing to pay and sacrifice for it. Banks and Housing Finance Companies want to lend to affordable housing sector in Patna but cannot solve the high transaction costs and perceived credit risks.


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SALE REAL ESTATE IN PATNA


What a lot of people do is price their home in Patna extremely high just to see what kind of initial offers they’ll get. Then, when they don’t get any offers, they’re forced to drop their price. They have to keep dropping it and dropping it, and then after a while people start to wonder why the property has been on the market for so long. They start to think that something must be wrong with the property. 


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