Realty News

Upcoming Developments to Positively Affect Property Rates in Patna – 2019

Being on the list of upcoming smart cities in India, Patna, Bihar, has been seeing some major infrastructural development projects in recent times. However, some of the more important ones that have got people looking to buy their home in the city are:

Commencement of commercial flight operations from the Bihta Airbase
Bihta is a satellite town of Patna. The government has put forth its decision to start commercial flight operation from Bihta Airbase, which has come as great news for most real estate developers in the city. The airport is close enough to the new residential developments in Patna, but far enough to not cause any issues. This has drawn the attention of several property buyers towards the city and this demand is expected to pick up in coming times.

IT parks
The second reason that has been stimulating the real estate demand in Patna is the setting up of numerous IT parks. The office bearers at the Patna chapter of Builders’ Association of India (BAI) have given fact to this claim, stating that many enquiries for setting up IT firms in Patna are coming in from numerous Bengaluru-based IT firms. These IT parks are set to increase the number of people who move to the city in search of good jobs, which again will give impetus to the demand for good residential projects in Patna.

Emerging industrial and education hub
From IIT Patna to ESIC hospital-cum-medical College and a number of factories, Patna is definitely on the path to becoming one of the most important hubs for industries and educational institutes.

Residential townships
Highway Residency By Satyamev is rising demand for real estate development in Patna and it has encouraged many developers,  to create new, modern residential apartments as well as mini-townships . These projects cover vast areas and tracts of land both inside the city and on its periphery. These projects are made keeping modern luxury requirements in mind and hence, are well-facilitated by streetlights, roads, drainage, and amenities like schools and hospitals. In the last few years, a large number of real estate developers have purchased large areas of land in and around Patna. The locality is in demand these days and buyers have already started booking plots in these projects.

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