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BUILDERS IN PATNA: - WHEN THEY WILL TRANSFORM INTO DEVELOPERS   (08/03/2014)



Developers develop and builders build. That is, a developer takes raw land, obtains the necessary permits, creates building lots, and puts in the sewers, the water and electric lines, the streets and curbs. Then the builder comes in and erects the house. In Patna real estate therefore, according to the above definition, there is no developer in Patna only builders in Patna. Real estate companies in Patna only erect taller houses in Patna.


A builder also can be a developer. In fact, many are around the world, but not in Patna. But building and developing are two distinct and different tasks. In Patna, everybody is a vertical builder," says Founder of www.buysellrentpatna.in, a real estate service provider website in Patna.


Builders in Patna, do everything. They buy or get the land on conversion in Patna, obtain the approvals from agencies, put in the improvements and do the building and selling themselves in Patna real estate market.


Because it takes so long to win practically any jurisdiction in Patna, a builder would have to carry land on his books for years if he also desires to be a developer. Which is why; builders in Patna tend to take land in Patna on conversion basis rather than develop them themselves in Patna property market.

Patna real estate will be devoid of developers till the property market in Patna allows dwellings of 25-50 units in three to 5 storey built anywhere and everywhere in and called Apartments. Apartments in Patna are actually houses built for more than one family and nothing else. Other than the residential space the apartments in Patna do not provide much to its dwellers. These Apartments in Patna gives the city a look of extended village rather than the capital of a state in India which is growing at the highest rate.

 

Larger, well planned residential projects with infrastructure to match, spread in acres is what Patna requires. Any such residential projects in Patna will then require Developers rather than builders in Patna.


 

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