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 Patna and also easy selling as the demand is higher.
First and foremost if your property in Patna is built and developed by reputed builder in Patna, then you can get your property sold much faster and easier. Secondly, the location and locality of your property in Patna is the most important factor which influences the appreciation of your property. Nowadays a number of people are looking for Vaastu-compliant homes; therefore this too is a factor to consider while looking for appreciation. One more factor related to it is that front facing corner homes fetch better prices in the same apartment or enclave. As light-filled homes are brighter and look more spacious. No wonder that light-filled homes appeal to the aesthetic senses of all potential buyers in Patna. First and second floors are the preferred floors for buyers in Patna. Top floor struggles the most while selling. The latest addition is amenities within the society or enclave. Amenities such as swimming pool, round-the-clock security, Club House, or any other facility are now appealing to young and old (retired persons) alike in Patna real estate. Cars in the last decade have become a part of Patna middle class living and therefore adequate parking spaces too help in appreciation. No doubt the future infra development in the locality helps appreciation directly, the burning examples are Gola Road and Shaguna Mode localities.
And the appreciation is also directly proportional to prevailing market conditions, the economic cycle.
Look for these before investing in Patna Property market as 2018 is the best time to get in Patna real estate.