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Many developers in Patna are highlighting that their residential projects in Patna are close to a major highway or expressway while marketing them. Obviously, there is a lot of notional value attached to homes which enjoy such a locational advantage. And our District Patna is getting a number of Highways built in it. The major ones are: -
2) Patna-Buxar NH 30 route
3) The Bihta- Sarmera state highway 78.
4)
NH 83 - Patna - Gaya- Bara -Dobhi.
5)
Digha Sonepur railway cum road bridge over Ganga
However,
there can be both advantages and disadvantages to buying a home in Patna which adjoins or is close to a major highway. Both should
be considered before investing in a property in Patna.
In our city Patna, inter-city (ARA-PATNA,
JAHANABAD-PATNA, GAYA-PATNA, HAJIPUR-PATNA) connectivity is literally a
lifeline that feeds the economy. These cities-towns depend a lot on each other
on various counts, not least of all being services, business exchange and
manpower. As a result, being able to travel quickly either way is important for
countless numbers of people living in either city-town. However, because of
increasing inner-city traffic congestion, it can take an inordinately long time
just to travel to the highway-bypass itself. This puts a heavy toll on both
precious time and fuel expenses, so living close to the four lane - or any
highway which affords quick access to key parts of the city or adjoining cities
- can be a very desirable benefit for a home buyer in Patna.
One of the potential disadvantages of investing in such a property in Patna can be the higher rates which most developers in Patna will quote. Per kattha of land on these would be built highways are already priced above 10 lakhs. The asked-for premium can vary, depending on factors like the overall benefits being offered in the project. In a standalone smaller project which offers few or no additional facilities and amenities, the property price difference may not be all that much while it would certainly be higher in a full-fledged integrated township in Patna.
There is certainly no shortage of small individual housing projects in locations adjoining major highways. The developers in Patna of such projects would have purchased their plots quite a while ago in anticipation of the future demand, and therefore acquired them relatively cheaply. In Patna, many a times the plot is not out rightly purchased by the developers in Patna but an agreement to purchase within certain time period is entered into with the owner/owners. These are often anonymous or first time builders in Patna with little or no previous experience in real estate development. Their main objective is to make a quick buck on the back of the locational factor, so they keep the amenities in their projects to a minimum and will usually also cut corners on the construction quality. Obviously, buying into such a project merely to lock in the advantage of proximity to the highway or four lane can prove to be mistake. The standard of living will be quite low owing to the lack of lifestyle features and conveniences, while maintenance costs can be quite high because of the low-quality fittings and construction. There are usually issues with water and electricity supply in outlying areas, and air and noise pollution emanating from the highway can be severe. Often, there will even be problems with the land title and building permissions, since the builders concerned are not concerned with anything but constructing, selling and exiting as fast as possible. Additionally, residents of such residential projects in Patna are often far removed from conveniences like shopping, entertainment, schools and healthcare. Literally the only advantage they enjoy is proximity to the highway.
As opposed to such smaller residential projects in Patna, integrated townships in Patna offer a vastly superior investment and lifestyle proposition. Because of their massive land requirements, integrated townships will invariably be developed on the outskirts of the city. Developers in Patna will obviously seek to juxtapose their township project along one of the key highways, as this will draw a lot more end-user and investor interest. However, the very nature of an integrated township in Patna is that it provides several key advantages to its residents. Thanks to the size factor, housing projects in such a township tend to be sufficiently removed from the expressway or highway to ensure freedom from noise and air pollution. At the same time, access roads ensure that one can still reach the highway in a short time. Integrated townships in Patna also have their own independent water and power supplies, as well as shopping complexes, hospitals, schools and entertainment facilities. They also have green open spaces, jogging parks and playgrounds. Finally, only well-capitalized and highly reputed developers in Patna can venture into township development, and such players will at all times ensure that all the legalities and the overall quality of the project are beyond reproach. Naturally, the premium attached to properties in an integrated township close to an expressway or highway is higher. However, the additional investment is definitely worth it. Apart from the ease and quality of life, they also enjoy a much higher resale value on the property market.
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