Residential Plots in


 Patna

Affordability of residential plots in Patna

 

 

A kattha (1361 sq.ft) of residential plot in Patna in developing localities like Gola road is around Rs.50 Lakhs. The roads that you will get in front of these residential plots in Patna are 15 feet to 20 feet wide. . Residential plots in Patna’s so called posh locations like Sri Krishnapuri costs around Rs 1 Crore per Kattha. Here the roads are wider and it’s a more planned colony. The construction cost per sq.ft of residential house in Patna, typical middle class finishing, is around Rs.1200. Therefore even in developing areas like Gola road a middle class would cough off round about a Crore to build a “DREAM HOME IN PATNA”. According to certain statistics (accuracy doubtful) Patna has around 2 Lakhs houses. Can we dare to say or draw a hypothesis that Patna consists of 2 Lakhs CROREPATIS!!! Isn’t it an irony, because Patna is the state capital of one of the poorest states of India?

 

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.

 

Now if the young in Patna wants to have their home in Patna after a decade they will have to invest in the same way in Patna Real Estate. Let us take a case study of comparing past and present and explain the “residential plots in Patna life-cycle”.



 Saguna Mor AND Shivala Chowk – A Case Study in Patna Real Estate



Let us do a comparative study of Saguna Mor 10 years ago and Shivala Chowk today.

 

Saguna Mor was 10 kms away from Income Tax Golambar. Today, Shivala is almost 10 kms away from Saguna Mor. Ashiana, Ara Garden and Rukunpura were developing full swing and some development had spread around RPS and DPS schools past Nahar. Today Khagaul till Danapur Railway Station is developing full swing and a bit of development is spread near Sarari Gumti. The next is Shivala.

 

Land prices were around Rs.8 to 12 Lakhs around Saguna Mor for residential plots ten years ago, today they are around Rs. 40 lakhs per kattha for residential plots. Today land prices are 10- 15 lakhs per kattha for residential plots around Shivala, what will they be 10 years after? Now, one can imagine!!

 

As far as western Patna is concerned, it is moving towards Shivala- Neora- Bela (10 kms) on west till Bihta. The road from Shivala to Naubatpur is another destination to acquire residential plots in Patna. This road is about 10 kms in length. The next road of importance is Shivala- Usri- Danapur. This road is already populated by two Press factories of Hindustan and Dainik Jagran. All these stretches are almost 10 kms.

 

As schools and hospitals spearheaded development around Saguna Mor, the same is taking place again around Shivala. Around Shivala the LAUNCHPAD is ready and the take off is a year or two away for residential plots in Patna in this area.


If you wish a property in Patna, it seems History is repeating in real estate Patna.