Sunday, August 18, 2024

10 Reasons Why One Should Invest in real estate in Patna:


 Why does Patna come into the picture? 

This is the upcoming smart city. And it is the second largest city after Kolkata. Patna is gaining traction in the e-state sector. From the Harappan civilization till now, Patna holds a special place in our hearts. Patna city ranked in 21st place among all fastest growing cities with its own economic growth in the service sector Since 2005 there are several service sectors such as IT and green revolution business.Along with being an agricultural center, it is also emerging as a center for commerce and trade. Now real estate in Patna has become a perfect choice. In terms of investment objectives. Below we will give you 15 reasons why you should buy props.

The booming real estate has made Patna and Greater Patna (Bihta) a hot investment spot. Here are the ten reasons why investing in Patna real estate is profitable:

1. One of the fastest-growing cities

Patna is one of the greatest growing cities. It ranked 21st in the world and 5th in India, with an annual growth of 3.72%. Since 2005, the city has seen unprecedented growth from the Green revolution business. Incremental growth in the service sector and the Fast-moving Consumer Goods industry contributed to its development, making it an excellent avenue for real estate investment.

2. Affordable Cost of Living with Better Opportunities 

According to the report, the average cost of living in Patna varies from 25000 to 35000 for a middle class family, making it one of the cheapest cities to live in. Patna, the largest city and capital of Bihar, offers ample employment opportunities. opportunity. This is not only the ancient city of Bihar but also the best city to live in between Muzzafarpur, Bhagalpur, Gaya and Rajgir. The city has 43.1% urbanization and 6% coverage of the main road network, making it the most desirable place to live in Bihar. 

3. Rich Heritage and Historical Monuments 

Patna is famous for its rich cultural heritage and beautiful historical buildings. Places like Golghar, Pataliputra ruins, Agam Kuan, Naghol Kothia and Padri Ki Haveli speak about the city's traditions. Places such as Harmandir Takht and Begu Hajjam Mosque showcase the city's rich cultural history. 4. Affordable Housing A variety of affordable real estate options are emerging in Greater Patna (Bihta) that offer great housing options within your budget. Nisana City Land in Bihta has many housing lots.

5. Good connectivity 

The city is well connected by road and rail. Jayprakash Narayan Airport and Gaya Airport are two international airports that offer ample connectivity across the globe. Bihta Airport is a new airport development in Patna region that offers excellent connectivity, making Bihta a great place for investment. Bihta Airport is well connected to Patna via metro. Twelve metro stations are planned to be developed between Mithapur and Danapur. 

6. High Employment Opportunities 

Bihar is considered as the hub of IT services in India. As the demand for a skilled workforce grows, states are providing high-paying jobs for those who want to work in the information technology field.

7. Attractive Return on Investment 

Real estate investment can be a profitable investment if done right. Investing in Patna can be very rewarding if you have a clear idea of ​​how to invest in real estate. Low-cost housing projects pave the way for investors with limited budgets to invest in Patna real estate. According to the report, investing in real estate for 10 years can yield an average return of 10%. 

8. Educational Facilities 

Educational facilities play an important role in attracting students to any city. Patna has some of the best educational institutions, including government institutions such as Chanakya National Law University, South Bihar, Patna Science College and Indian Institute Of Technology Patna. The city also has many CBSE affiliated schools that provide ample opportunities to children to get quality education. 

9. Declining crime rate 

According to Hindustan Times, the city is witnessing a decline in crime rate. The crime rate decreased by 5.1% compared to last year. According to another report, Patna and Coimbatore are the two cities with the lowest number of sexual assaults on women.

10. Good climatic conditions 

Like most North Indian cities, summers are hot and harsh, while winters are cold. Temperatures typically range from 49°F to 100°F without extremities, making human life in cities difficult. So overall, the city experiences moderate temperatures and residents can taste a variety of weather conditions without being at a disadvantage.

Hot location in Patna to buy

1.Danapur Khagaul 

2. Bailey Road 

3. Phulwari Sharif 

4. Digha

5. Bihta 

6. Gola Road 

7. Naubatpur 

8. Patliputra Colony

9.Ashiana Road 

10. Khagaul Road 

11. Chirora 

12. Abhimanyu Nagar

13. Nehru Nagar 

14. New A G Colony 

15. Rajendra Nagar 

16. Rukanpura

17.Raja Bazar 

18. Mithapur 

19. Jagdeo Path 

20. Kankarbagh

21. Boring Road

Plots of Patna are now very demanding for all architectural purposes. From an investment point of view, Patna is the best place to invest. It qualifies all parametres for property investment.Therefore, it is the best time to invest in the real estate sector in Patna to benefit from the expected price increase for real estate investments.

No comments:

Post a Comment