Finally, you have planned to buy real estate in Patna. And also looking for investment in various flat & residential project in Patna. But you are confused about real estate in Patna property price and investment. You are not getting where to invest? how to invest? which property is best for you according to budget? Not to worry you will get full detail about real estate property price and investment in Patna. But before talking about investment and properties let me tell you something about the city of Patna and their culture.
Patna is the capital city of the state of Bihar. It is famous for its historical significance as so many historical sites are present here. For example, the well-known “Golghar” is present in Gandhi Maidan of Patna.
Other than this, there are museums, a biological park and many more things to visit when you come to Patna. The city is enriched in art and culture and that is reflected in their ambiance. Because of all this, Patna attracts travelers from all parts of India.
So if you are planning to buy real estate in Patna the land of Buddha. Great you must invest here. Property rates in Patna are also reasonable and affordable. Here are many posh areas in Patna where are you you will get houses and flats at a very affordable price.
Real Estate in Patna is Best Property Investment.
Patna is an emerging city and it is the largest city in Bihar. It is growing at a very fast pace with respect to industries and other aspects of developments. The city is becoming more and more prominent with time and a lot of investments are happening.
Along with all this, residential plots are developing very fast too. Many new projects are going on as under-construction flats. Different builders in Patna are creating investment opportunities for investors like you and me.
Recently, the conditions of the Ghats have been made much better and that has developed many real estate opportunities. More and more people are finding it convenient to settle in Patna due to its fast development and growth.
Many parts of Patna has been very developed in the residential sector. Many industries have been developed here too thus making it more favorable to live in. In this article I will talk about Patna real estate and why is it the best option to invest here.
Why You Must Know Real Estate in Patna Property Price & Investment?
If you are looking to invest in real estate, investing in Patna would be the best option for you. With new projects being built in this soon-to-be metropolitan city. The prices of these properties will be much less than in other cities when compared.
But a few years later, let’s say, after 10 years the same property will cost much more as this city is developing and growing very fast. As many industries are developing in this city, more people are trying to settle in Patna for better job opportunities and thus a better life.
As Patna is located on the southern banks of the River Ganga, there are many ‘Ghats’ in the city. One such place is Digha. The city looks even more beautiful from these Ghats which blows a cool wind from the holy river.
Property Prices in Patna 2020-2021
The prices of properties will obviously vary from place to place. Not only on the location but the price also depends on the kind of amenities in Patna. The more luxurious and posh the place is, the more will be its price.
For example, the price range of properties located in the New Patliputra Colony is around Rs. 3500 per square foot to Rs. 4000 per square foot. This place is quite popular among people in the residential aspect. On the other hand, the price of a property in Boring Road ranges from Rs. 4000 per square foot to Rs. 4500 per square foot.
It is one of the most amazing places to live in Patna. All the retired IAS and IPS officer has found their residence on Boring Road. So it is quite an interesting place to live in.
Bailey Road is a very posh locality, but fortunately, the prices of properties are pretty reasonable here. Even if you belong to a middle-class family. You will be able to buy properties here. Because the price of the property is much cheaper when compared to other places in Patna.
It is a very cool and calm neighborhood and perfect for slightly old people who prefer peace. Also, this place is rapidly developing so the prices would not be cheap forever. So if you are interested, grab yours now.
Why Investment in Real Estate is The Best Option For you?
The idea of investing in real estate is increasing day by day. More and more people are investing in properties and it has many best properties in Pana. Real estate investment is on the rise. So no more wait to buy flats & residential projects in Patna.
And that is why an incredible number of new projects are starting in different places. As human beings, we are always in the search of making our life better and easier.
With a new house comes new opportunities. We are always looking to upgrade our lifestyle. Lower middle-class people are striving to become middle class and middle-class people are trying to be upper-middle class.
Upper-middle-class people have a desire to come under the elite or the rich class of society. So we are always hustling and in search of something better to make our life more luxurious.
A place where a person lives is one of the most important parts of one’s life. There is where you get your motivation and inspiration from. Your family is there for whom you work day and night to provide a good life to them.
So a house plays a very important role in one’s life. Another advantage of investing in real estate is that if you buy a property. Let’s say, Rs. 50 Lakhs, the price of the same property might increase 2 times or even 3 times in a few years.
The price of the property depends upon the location and other factors of the property. So a real estate investment can never go in vain and it is the best option for you.
Property in Patna
Below I have listed some spectacular properties. These are present in different parts of Patna. Most of them are under construction, none is ready to move flats. If you are looking to invest, keep reading, and take a look at them!
Maa Shanti Palace, Digha, Patna.
Maa Shanti Palace is an upcoming residential project developed by Durga Home Construction. It is under construction in Digha, Patna. Digha is mostly famous for Ghats as it is located just beside the river Ganga.
Durga Home Construction has built many other similar projects all through Patna and have completed them successfully. The building built by them has always been magnificent. And no buyer made any complaint ever. The construction is currently going on in full swing in Nirala Nagar and bookings are available for the apartment.
- Maa Shanti Palace will offer both 2 and 3 BHK flats at a much affordable price.
- The cost of the apartment ranges between Rs 40 lakhs to 60 lakhs.
- It is reasonable for both the middle class and upper-middle-class families.
- The building has three floors excluding the ground floor.
- The property area ranges from 840 sq. feet to 1300 sq. feet and the price per square feet is around Rs. 4500.
- The nearest landmark of this place is Ankur Public School. The construction is currently going on in full swing in Nirala Nagar and bookings are available for the apartment.
Sarswati Shree Enclave, Nehru Nagar, Patna.
Sarswati Shree Enclave is a spectacular residential property at Nehru Nagar, Patna. It has developed by Swastik Engicon. Currently, it is under construction and available for booking. The price of the apartments is pretty reasonable considering the location of the property.
It can be affordable for middle-class people as well. The price ranges from Rs. 60 lakhs to 75 lakhs. The property is under construction right now. It Will be completed by 31st March 2021 and buyers can get possession only after that.
- Saraswati Shree Enclave offers both 2 and 3 BHK flats.
- It has 3 floors excluding the ground floor.
- The price per square feet is Rs. 6000.
- The property area is between 1144 square feet to 1190 square feet.
- The total property area is 4710 square feet. This apartment is perfect for families looking for a modern locality to live in.
- Along with that, all the necessary amenities are present nearby.
Divya Virasat, Bailey Road Nagar, Patna.
Divya Virasat is a beautiful apartment in Bailey Road, Nagar, Patna. It has developed by Sevenist Developers in Patna. It provides a safe environment and is perfect for families. Divya Virasat is a newly launched real estate project in Patna. And is not available for booking yet.
But it is currently under construction. The place where the construction of the apartment is going is a pretty posh area in Patna. And it has a beautiful view of the city. The price of the apartment is pretty reasonable too.
- It offers 2 and 3 BHK apartments.
- The building has 3 floors excluding the ground floor.
- The size of the property is around 16 units.
- The apartments range from 1000 Square Feet to 1400 Square Feet.
- It lies between Rs. 45 Lakhs to Rs. 63 Lakhs. The price per square feet is Rs. 4500.
- This property is full of modern amenities. And Bihar RERA also approves it.
Buddha Subhash Enclave, New Bypass Road, Patna.
Buddha Subhash Enclave has developed by Swastik Engicon Pvt. It is located in New Bypass Road, Patna. The locality is pretty safe. There are good educational institutes around this place. And all the other amenities school, hospital, shopping mall are near it.
Buddha Subhash Enclave is located opposite Shivam Convent School, Janganpura which is its nearest landmark. This property is currently ready to move in.
- The property has 6 floors excluding the ground floor.
- It is 2 and 3 BHK flats with an amazing view of the city.
- The size of the apartment ranges from 1154 square feet to 2009 square feet.
- The price of the property ranges from 56 Lakhs to Rs. 78 Lakhs.
- This property is perfect for families who have kids as it provides a good environment.
Conclusion On Real Estate in Patna Property Price & Investment
More and more people are finding it convenient to start a life in Patna. And in the blink of an eye, Patna can become one of the leading cities in India. And when that happens the prices of all the properties will rise a lot. So making an investment now would be the wisest decision for you. Because so many best properties in Patna are waiting for you. Patna has all the necessary amenities like proper hospitals both government and private. Excellent educational institutes are also located here. Patna is well connected to other districts of Bihar. It also has a good railway system and other transport facilities.