Buying land in Patna can be equal to Midas touch in the long term. However, to identify the best investment option in land in Patna, you need to do some hardwork in form of search and research. Always invest in land where you see possibility of growth and development and remember Patna has its growth corridors.
One of the easiest rule to follow for investing in land in Patna is that the proximity of land to SH-78, Bihta-Sarmera Road, should not be more than one and half kilometers. It is better if the land lies on the side of present city. Patna-Buxar is another road one can use as benchmark. Invest in land with accessibility, a road is best but at least a water canal (paain) is must. Do not go for land enclosed by land on all four sides.
"We are seeing a lot of very positive things happening in the land market in Patna. Specially investment in Land in Patna as asset class has increased manifold in last three years."said Anil Jee, Partner ARP INFRATECH. The highest predicted increase is attributed to residential land investment in Patna at a rate of 12 percent, closely followed by commercial land investment in. A key when considering property location for investment in Patna is the mid-to-long-term view regarding how the area is expected to evolve over the investment period.
Investment in land in Patna is largely INFRA story in Patna. With people all over Bihar and Lakhs and lakhs of Biharis residing outside the state looking to invest in land in Patna , it is the roads and institutions which decide the returns on investment in Land in Patna. Therefore the right questions to ask before investing in Land in Patna are;
a) When will metro start operating in Patna?
b) When will Bihta Airport start operating?
c) By what time will Patna Ring road project be completed?
d) When will Bihta- Sarmera road become fully operational?
e) When will Patna-Buxar four lane see the light of the day?
f) When will Patnaites drive on Patna's Marine Drive along Ganga river?
g) Will Patna-Dobhi road be completed in next five years?
h) Will the new Bridge on Ganga be completed in the present decade?
The answer to above questions should determine investment in land in Patna. With the announcement of Projects the land investment begins but then it drops seeing the slow progress of work in these projects in Patna.
More than 100 residential plots at the NH 98 near AIIMS PHULWARISHARIF Patna. As far as the residential plots are concerned the LOCATION matters the most and it is seconded by the vision that how will the are develop in the decade to come. Priced affordably the BUDDHA GREEN CITY is an atractive destination for land buyers in Patna. DETAILS
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Pros |
Cons |
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Scarce supply as it is no more manufactured by God, never-ending demand by 12 Crore Biharis to buy land in Patna makes land more valuable as investment in Patna. |
It is a big-ticket investment in Patna and difficult to encash quickly if there is an emergency. The investor need huge amount of cash in hand. |
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Land appreciates more quickly in Patna real estate than any other type of property in Patna because of high demand by Biharis. |
It is a risk asset since it could be easily encroached upon in Bihar if law and order detoriates or compulsorily acquired by the government of Bihar/India for different projects. |
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There is no gap between purchase of land in Patna and possession. Waiting period is zero in investing in land in Patna. |
Banks provide loans for buying a plot only if you plan to construct a property over it. For investment in land in Patna no bank extends any loan. |
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No or negligble maintenance cost. |
No tax benefits on investing in a plot. |
Before you actually invest in a
piece of land in Patna, you have to decide what your goal is for
the investment in Patna. There are several different ways to
consider about an investment and it is not a one size fits all
approach. Two different investors in Patna could have two very
different approaches for the same piece of land in Patna. In
addition, the same investor may have two different approaches for
two different plots of land in Patna.
First and foremost large tract of land is available for sale in this geography of Patna popularly known as Gopalpur in Patna real estate. Large number of residential plots for sale is available in this region near AIIMS Patna.
1. The simplicity and stability that comes with owning the right piece of land in Patna (purchased at the right price) can far outweigh the myriad of challenges that comes with any other type of real estate in Patna.
2. If you want to park your cash somewhere and forget about it, buying land in Patna could be exactly the investment vehicle you're looking for.
3. Land is a long-term, tangible asset that doesn't wear out, doesn't depreciate, and nothing can get broken, stolen or destroyed. Put all of these benefits together with your ability to buy it in a growing market like Patna and you can get yourself a tag of “visionary investors” from generations to come in your family.
4. Land is an extremely valuable resource with limited quantities available in Patna.
5. When you purchase land in the area of growth in Patna, you will find yourself with a finite asset that a lot of other people want to get their hands on but could not.
6. If you go into buying land in Patna with the intent of holding the right property for the long-term, it can be a lot more profitable than any other retirement vehicle out there in Indian market.
7. There is little maintenance in land in Patna compared to other Real Estate Investments in Patna.
8. There is one crucial consideration when purchasing land. You should have a defined financial justification for your investment in Patna. This typically means that you should either receive a substantial discount over valuation, or buy land in Patna in an area where rapid price increases
can reasonably be expected.
9. Land is already a valuable asset in Patna and prices reflect that fact. However, development continues in Patna at a rapid pace, so purchasing land in Patna and holding it for the medium to long-term remains a strong investment opportunity because supply of land is extremely limited in and around Patna.
10. Finding land in areas where prices will rapidly increase requires diligence and research. The more attention you pay to infrastructural and business developments in the areas you are considering for investment in Patna, the bigger your head start over other investors and the more likely you are to find lucrative land investment opportunities in Patna.
11. The key to making money is to know exactly what to look for when you’re choosing your investment in Patna, as well as the steps you need to take to turn a piece of land in Patna into a gold mine. Successfully turning over a piece of land requires that you do a lot of homework, because what happens to the area around your land can have a huge impact on its future value.
12. An undeveloped piece of land can be a stable asset over the years, which might be worth many times its purchase price down the line. The great thing about land is that there is only so much of it on the planet. And as a limited resource, the value goes up and up as there is less of the resource available.
Gola
Road, Patna.
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