Integrated townships around Patna; what to look for?

In our last article on this Blog we advocated the requirement of integrated townships around Patna. In this article we are highlighting the details required to be looked into by the home buyers in Patna before participating in any such project. There are a number of things that one must keep in mind before investing in an integrated township in or near Patna. The title of the land and other regulatory issues need to be studied carefully. These are huge projects in terms of area and therefore money involved and consequently requires a number of clearances and approvals.

Large integrated townships need to get approximately 30-50 regulatory approvals depending on the size and the location. It is very important that the developer has received all these approvals, failing which the home buyer in Patna will be unable to get deliveries of his residential units, apartments, flats and condos in Patna. Besides the title, one must look at the delivery credibility of the developer in Patna, the level of planning and detailing involved in the project in Patna, the typology of units and the basic facilities and amenities being offered and promised by the developer in Patna.

There are risks and limitations involved with the integrated townships around Patna that we at BuysellrentPatna are advocating. People should be aware of these risks and limitations that pertain to these integrated townships. An apartment in Patna in an integrated township is generally on the affordable side, due to the large volume and infrastructure offered. Also, such townships have a long gestation period. This means that the promised facilities are invariably not available to those who buy into an early phase. It takes time for the whole township to come to terms. In early stages therefore the home buyer in these townships around Patna may face bottlenecks. Here the planning by the developer in Patna plays the major role. How the developer has planned the different stages of project development really matters in such large residential projects. They also have very specialized maintenance requirements and mostly tend to be located in distant fringe areas. Therefore one should look at the connectivity options carefully keeping in mind the current and future requirements in mind.

Overall, however, if the home buyer in Patna is able to take these factors into consideration, integrated townships can offer the concept of convenience for residents in Patna. Better infrastructure, high security features, spacious environment and more room for green living makes them extremely viable as residential destinations. Moreover, with major facilities located in close proximity to each other, these can be a perfect answer to all our world class housing needs in Patna.

Naubatpur; an ace investment destination for land buyers in Patna

If you want to put your money somewhere and forget about it, buying land in suburbs of Patna like Naubatpur could be the investment vehicle you’re looking for. Think about it: land is a long-term, tangible asset that doesn’t wear out and doesn’t depreciate. If you go into investing in land with the intent of holding the right property for the long-term , it can make a lot more profits than any other investment asset class out there. Buildings can be replaced and demolished, whereas land is a valuable and finite resource , with only limited quantities available. And Bihar has a population of 15 Crores and per capita income of Biharis are increasing in double digits. Land investing is for the patient, smart investor, someone who is willing to hold for the long-term or pass it on as a legacy. It’s for the investor who is looking ahead for 10 – 15 years. Land is a smart long-term hold, allowing you to win the benefits of rising values. Especially if you buy in an area like Naubat

5 TOP LOCATIONS TO INVEST IN LAND IN PATNA

How to pick a desirable Investment location in Patna Real Estate? There are a lot of factors that are important when it comes to select a property to invest in Patna real estate. A great location is one of the most important factors. However, finding out whether a property in Patna has qualities that you are interested in and a great location suitable for investment; requires quite a bit of research and even search. It's important to recognize that the locals are an invaluable source of knowledge about any location for investment in Patna real estate . Just mention to someone in a local chai dukaan that you are looking to buy land in the area !! You'll find that people are more than willing to share knowledge and insights about that area. You will be told even about the number of transactions going on in recent times and even tentative prices prevailing in that area in that chai dukaan . Locals can give pointers as to the most profitable locations in Patna real estate.

Land Prices in Patna and Patna Real Estate.

Buy Land in Patna It is the rising price of land in Patna that keeps the price of real estate in Patna always increasing because the land price is the most important price factor in the real estate price in Patna. But at the same time land prices in Patna are also dependent or better say partially dependent on real estate developments in Patna. With rising real estate developments the land prices too head northwards. This very symbiotic relationship between land prices in Patna and development in Patna real estate is major cause of real estate bubbles in Patna. Yes, it is interesting to decipher whether it is high prices of houses in Patna that makes the land prices in Patna higher or is it high land prices that makes buying a house in Patna exorbitant. The price of property in Patna is made of material cost, labour cost, intangibles like location & brand, marketing and administration costs (for builders and developers in Patna), registration & stamp duty cost, tax

REAL ESTATE PATNA

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