Why should You Invest in Property in Patna
by Saakaar Constructions Building Homes Building DreamsWith the Indian government turning its
attention towards Tier-II cities for affecting infrastructural development,
cities like Patna have gotten onto the fast track towards a booming real estate
sector. This has further been advantageous for a number of real estate
developers who had been on the lookout for a new hunting ground. Saakaar
Constructions is a top real estate
company in Patna Bihar.
Patna is the capital city of Bihar and the
second-largest city in the country, right after Kolkata. Of late, the city is
emerging as a smart city as the drive for proper infrastructure, the
development of urban areas, and the proper utilization of plots in Patna, all
have gained momentum that surpasses the development seen in previous years. For
a long time now, Patna has enjoyed the status of being one of the most
important hubs for trade and commerce in the area. Apart from this, the city is
also a major agricultural zone in Bihar. But now, as the government directive
turns its spotlight on Patna and other similar Tier-II cities, buying land or
investing in real estate projects in Patna would definitely be a profitable
decision with regards to all the aspects.
Top news of real estate in Patna points to the fact that with
the completion of a number of upcoming real estate projects by the end of 2018,
the sector is slated for a 10-12% increase in the coming few years. Here are a
few reasons why you should consider Patna for investing in real estate:
Profitable.investment
According to the World Bank, Patna is the second-best city in India in terms of
real estate investment. With a number of companies setting camp in the city,
Patna is expected to witness a high price rise in the coming years. The
presence of numerous educational institutions, including the IIT and the NIT,
and the upcoming Bihta Airport only add to the surety of this prediction. Plus,
for the time being, the residential index of Patna is quite low as compared to
cities like Ahmedabad and Lucknow, making properties quite affordable for the
time being. According to the NHB however, the residential index too is slated
to rise in the near future.
Enhanced.connectivity
The plans for the Patna metro project have been approved and funded, which will
further lead to an approximately 25 – 35% hike in property prices near the
metro. Patna is also well connected by road, rail, and air to other major
cities. The sanction of the proposal to build a bridge over the river Ganges,
parallel to the present bridge will also help enhance the connectivity. All
these factors go hand in hand with the increasing demands of real estate in Patna.
As Patna moves towards a shining future, the
time is right to invest in the city’s real estate sector, before the
anticipated price hike raises the property rates in the city and RERA
Approved Highway Residency, Bihta Would be a great choice for
those who are looking for Property investment in Patna for High-Value return in
future.
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Created on Dec 16th 2019 01:13. Viewed 347 times.