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. They will also claim that
they know all about the best investment to make in Patna real estate but be
cautious about such large claims and tread cautiously.
Price and location in real estate often go hand in hand. What
is the most important factor for you, when you plan to buy or invest in a piece
of land in Patna?
Sure, price is a good criterion, but location is always
better. Location will dictate everything else about the land for investment. If
the property you are investing in, is in a high demand location, your property
will always be in greater demand. It can seek a higher selling price when you
yourself sell it. The same property located in an area with low demand will not
have nearly the same appreciation in price. You may pay a little more when you
buy land in Patna now, but to invest in a better location means you have many
more profitable options in the future.
Based on local search and
research data, transactions, queries, infra development and price appreciation
in last five years, our team has come out with top 5 locations for investors in
Patna real estate. All these locations of Patna real estate are at different
stages of investment cycle. The 5 locations have been chosen with the
investment horizon of 10 years in mind. The price range of investment is Rs. 5
Lakhs to Rs. 30 Lakhs per unit. The unit of investment being a Kattha, 1361
square feet.
development around Patna; AIIMS – NAUBATPUR, DANAPUR-NAUBATPUR,
PATNA-AURANGABAD, BIKRAM- NAUBATPUR, BIHTA SARMERA 6 LANE (BIHTA AIRPORT
-NAUBATPUR) PART OF PATNA RING ROAD and the NEW PATNA-SASARAM. Along with these
big roads it has wonderful supporting network of wide roads like Sarasat -Aarp
road and many others. The connectivity is the charm and added to it is its
nearness to all important modern landmarks of Patna real estate. It is 12 kms
from AIIMS, Danapur, New international Airport, IIT Bihta, New Bus stand,
Punpun and Masauri. The last decade (2010-20) of investment belonged to
Phulwarisharif due to AIIMS Patna and Bihta due to IIT, the present decade
belongs to Naubatpur. We expect a threefold appreciation in land investment in
this location. The prices of land are still in the range of 5 to 15 Lakhs per
kattha, which are good investment opportunities for middle class with around 30
to 40 Lakhs surplus to invest.
and it’s emulating the course of Sampatchak in terms of investment in Land. The
New Bus stand brought in the investors to Sampatchak in early years of last
decade and now Beldarichak, with the railway station and confluence of roads
nearby it, is the star of east Patna in terms of investment. Just 7 kms from
Sampatchak and 9 kms from New Bus Stand at Bariya, Beldarichak situated on
Bihta- Sarmera Four lane is a darling investment destination with price range
of 10 Lakhs to 15 lakhs per kattha and with the expectation of 2.5 times
increase in price by the end of present decade.
Patna real estate is still in the contention but the primary market has
mellowed down here, and the prices have plateaued. But the next round of growth
is round the corner as the many delayed projects like NIT Bihta, the industrial
hub, completion of Patna -Buxar, the progress of work at Bihta international
airport, the proposed bus stand at Kanhauli and the Danapur -Bihta elevated
road will see the light of the day. The plateau will head again towards the
cliff. In stock market terms it’s a sideway market or a market in consolidation
phase before the next growth occurs but the growth will occur for sure. We
expect a two- fold increase in prices in this belt of real estate investment
destination in the coming decade.
Station and experts predict it to be the next Saguna Mor of expanding western
Patna. No doubt Patna is expanding on its western frontier and is ready to
reach Bihta, which is 14 kilometres away from Shivala. The price of land in
Shivala has soared 4 folds in the last decade and in the present decade it has
become a destination sought by buyers who want to build their houses in next 4
to 5 years. The construction phase has begun in Shivala. We still include Shivala
as top investment destination because within a 3 km radius still good
investment opportunities galore and the price ranges are sub 20 lakhs per
kattha. Some land bought around 20 lakhs per katthas has still potential to
reach 45-50 lakhs per kattha in this location within this decade or even more. Shivala
will soon attract large number of builders in Patna. Few have begun their
projects near Neora already.
5) BIHTA SARMERA 6 LANE: – It is going to be the backbone of
the new growth in Patna real estate. There are several reasons that we speak
so. We have covered this road and its features that make it attractive for
investment in our earlier article; “BIHTA SARMERA FOUR LANE: – REDEFINING PATNAREAL ESTATE”. Click on it to read it.
The 4 investment destinations mentioned prior to Bihta
Sarmera 6 lane too are influenced by this road a lot. And all branch roads
originating from this 6-lane road are comparable in prices. For most of us the
branch roads are the attractive investment destination as land on Bihta Sarmera
road commands prices higher than Rs.35 lakhs per kattha and are pure commercial
investment.
COMPARISON
OF THE 5 LOCATIONS IN PATNA FOR INVESTMENT
|
LOCATION |
PRICE |
INFRA |
AVG |
AVG |
ESTIMATED |
|
SHIVALA |
15 – 20 Lakhs |
GOOD |
30 |
60 |
2X |
|
NAUBATPUR |
3 – 15 Lakhs |
GREAT |
20 |
45 |
3.5X |
|
BIHTA |
15 Lakhs and above |
VERY GOOD |
25 |
125 |
2X |
|
BELDARICHAK |
8 – 15 Lakhs |
VERY GOOD |
20 |
35 |
3X |
|
BIHTA-SARMERA 4 LANE |
25 to 45 Lakhs |
GREAT |
15 |
50 |
2.5X |