With law-and-order under control and renewed interest by industry and in fact by the non-resident biharis themselves, is this a great time for RE boom in Patna to take off ?
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  • Originally Posted by vikky55
    With law-and-order under control and renewed interest by industry and in fact by the non-resident biharis themselves, is this a great time for RE boom in Patna to take off ?


    Hope so. Good Luck to Patna and Bihar.
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  • Real estate rides wave of hope
    ROSHAN KUMAR Patna, Dec. 3: Real estate prices in Patna have touched an all-time high, spurred by the expectations of Bihar’s resurgence.
    The return of Nitish Kumar, who has promised a naya Bihar, to power appears to have fuelled expectations among property developers and construction companies that prices would shoot up further.
    During the NDA-1 regime, the prices of flats had soared in Patna because of the people’s confidence in law and order and creation of a new segment of buyers — Biharis residing outside the state wanting a home in Patna.
    This time they are expecting investments to roll in and the creation of a segment consisting of corporate executives, company guest houses and many more non-resident Biharis wishing to purchase land, flats and commercial property here.
    With the main areas of the state capital saturated and prices demanded for land almost unreachable, deputy chief minister Sushil Kumar Modi has already dropped hints to builders and property developers of the government’s thrust on real estate.
    “This time we will focus on satellite townships,” he said.
    The construction companies appear to have taken a cue. Nanhey Kumar, the state co-ordinator of Builders’ Association of India (Patna chapter), said: “The urban development department had recently prepared a master plan according to which the government has mooted that new apartments and flats should have all basic infrastructure such as parks, gymnasium, schools and other facilities.”
    Kumar also said that since prime locations such as Boring Road, Frazer Road, Exhibition Road and other places are saturated, the new boom would happen around Khagaul, Digha and on the Gaya-Patna route near Guarichak and other adjoining areas of the state capital.
    The optimism is borne out by the earnings to the state exchequer. The registry office has crossed its revenue target for registration of flats.
    As per figures available with the registry office, it earned a revenue of Rs 196 crore last year from registration of flats as compared to their target of Rs 163 crore. This year, the registry office, expecting a boom in the market, has targeted a revenue of Rs 267 crore.
    Ajay Krishna Mishra, district sub-registrar, told The Telegraph: “With the earning of excess revenue last year, this year we have targeted a revenue of Rs 267 crore from the registration of flats. From April to November we have achieved almost 67 per cent revenue earnings.”
    Moreover, in the financial year 2009-10, the number of flats registered was 3,585 under Patna Sadar area, which covers prime locations such as Boring Road, Bailey Road, Exhibition Road, Dakbungalow and Kankerbagh.
    According to figures available from April to November this year around 1,501 flats have been registered and they expect that the number will go up to 4,000.
    “Real estate prices have appreciated more than 100 per cent in the last three years. Now the residential properties in prime locations are priced around Rs 3,000-3,500 per square feet whereas commercial space in malls varies from Rs 6,000 to Rs 10,000 per square feet,” Kumar said.
    “But this sudden rise cannot be seen in isolation as the real estate sector was almost stagnant for more than a decade in Patna,” he added.
    The real estate boom came after the enactment of the Apartment Act when Nitish Kumar came to power in November 2005 for his first full term in office. With the enactment of the Apartment Act, the state government divided the city into five zones.
    The flat registration charges and per square feet rates are determined by the locations and infrastructure facilities provided in these areas. Boring Road, Frazer Road, Exhibition Road and Dakbungalow come under Zone I where the registration charge is Rs 1,800, while the market price of flats in these areas go up to Rs 3,000 per square feet.
    Flat rates are expected to go up by 20 per cent in the next one year, making Patna one of the costliest cities in India as far as prices of real estate is concerned.
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  • Which are the cities that you see potential for future development?

    There are a lot of places like Navi Mumbai and Rajarhat in Kolkata. They have the potential, but they need a good government and a good policy. Why was Gurgaon developed? Because the Haryana government made policies that was conducive to development. The atmosphere has to be made like that.

    Patna is a good place, but the regional planning is bad. Prices are high, we are making a slum into another slum. That is not real planning. There should be another Patna made from the existing Patna.

    Like in Bhopal, there is a new Bhopal around the highway. The same with Indore and Gwalior. They have good city planning and good infrastructure. This again is a job for a regulator.

    Source: Indian Express
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  • Greater include blocks in Patna - www.bhaskar.com

    मास्टर प्लान 2031: ग्रेटर पटना में शामिल होंगे 13 प्रखंड
    Bhaskar news|Jul 03, 2014, 04:37AM IST


    पटना. पटना महानगर क्षेत्र का विस्तार 13 प्रखंडों में होगा। शहरी व ग्रामीण क्षेत्र की इकाइयों को मिलाकर ग्रेटर पटना का निर्माण किया जाएगा। राजधानी के विस्तार व शहरीकरण के लिए कई योजनाएं बनाई गई हैं। शहरी क्षेत्र की जनसंख्या के बढऩे के बाद वहां से लोगों को शिफ्ट किया जाएगा। मास्टर प्लान में शहरी क्षेत्र की जनसंख्या वर्ष 2031 तक 49 लाख से अधिक पहुंचने की उम्मीद है। ग्रामीण इलाकों की जनसंख्या करीब 16 लाख रहेगी। इस स्थिति में शहरी क्षेत्र के साथ-साथ गांवों के बाहरी भाग या टाल क्षेत्रों में विकास कार्यक्रमों को चलाने का फैसला लिया गया है।

    सरकार ने तय किया है कि वैसे ग्राम पंचायत जो शहरी इलाकों में आएंगे, वहां के लोगों से पूछा जाएगा कि वे शहरी इलाकों में शामिल होना चाहते हैं या नहीं। पटना म्यूनिसिपल एरिया 13 प्रखंड क्षेत्रों में विस्तृत होगा। इन प्रखंडों के 575 ग्रामीण प्रशासनिक इकाइयों को ग्रेटर पटना में शामिल किया जाएगा। इसके अलावा छह प्रखंडों की शहरी इकाइयां भी शामिल होंगी।

    चार क्षेत्रों को मिलाकर पटना शहरी सामुदायिक एरिया

    पटना महानगर क्षेत्र के बिहटा, नौबतपुर, पुनपुन व फतुहा प्रमुख क्षेत्र होंगे। इन इलाकों से सबसे अधिक क्षेत्र का आधुनिकीकरण होगा। वहीं, चार इकाइयों को मिलाकर पटना शहरी सामुदायिक एरिया का निर्माण किया जाएगा। इसमें पटना नगर निगम, दानापुर, खगौल व फुलवारी को शामिल किया जाएगा। इस इलाके को पटना नगर निगम की तर्ज पर विकसित किया जाएगा। सामुदायिक एरिया का प्रशासनिक ढांचा निगम के रूप में काम करेगा। इस क्षेत्र में पेयजलापूर्ति से लेकर भवन निर्माण तक पर सामुदायिक एरिया कमेटी नजर रखेगी। सफाई व सॉलिड वेस्ट मैनेजमेंट को भी दुरुस्त कर इसे राजधानी के एक भाग का स्वरूप दिया जाएगा। इसे ग्रेटर पटना की बजाए पटना शहर के रूप में जाना जाएगा।

    महानगर में शामिल होंगी छह शहरी इकाइयां

    महानगर क्षेत्र में शहरी इलाके की चार इकाइयों के अलावा दो नगर पंचायतों को शामिल करने का प्रयास किया जाएगा। छह शहरी इकाइयों में पटना नगर निगम, दानापुर, खगौल, फुलवारी, मनेर नगर पंचायत व फतुहा नगर पंचायत शामिल हैं। जिले की 13 इकाइयों में शहरी सुविधाओं का विकास हो जाएगा। इन 13 प्रखंडों के 581 प्रशासनिक इकाइयों को चिन्हित किया गया है।

    प्रेम, अध्यक्ष, प्रेमालोक मिशन स्कूल

    हर वार्ड में फायर ब्रिगेड की एक छोटी गाड़ी, फायर ब्रिगेड केंद्र हो, जो शहर के हर नागरिक को दुर्घटनाओं से बचने के लिए प्रशिक्षण दे।

    स्वास्थ्य सेवा अच्छी एवं जल्दबाजी में उपलब्ध हो, इसके लिए मुहल्ले के स्तर पर सरकारी एवं गैरसरकारी स्वास्थ्य केंद्र खुले।

    आठवीं तक के विद्यालयों में खेल कूद के लिए सार्वजनिक मैदान की व्यवस्था हर मुहल्ले में उपलब्ध करायी जाए एवं सरकारी विद्यालय खोले जाएं।

    आबादी के हिसाब से प्रति व्यक्ति 16 वृक्ष लगाए जाएं, जिसमें जामुन, पीपल, नीम एवं बांस के पेड़ों की बहुतायत हो। ऋतु के अनुसार फूलों वाले वृक्षों की कतार सड़कों के किनारे लगाई जाए।

    ग्रेटर पटना का मास्टर प्लान- 2031 बन चुका है। इस पर आपनी राय देने के लिए bhaskarpatna@dainikbhaskargroup.com पर भेजें सुझाव
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  • Array Gajjab!
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  • What is the current apartment rate in areas like Bailey road near saguna more in Patna?
    The Nh83 is to realigned from Patna upto Punpun, and a
    Also to be made 4 Lane wide. It has to start from Beur jail area and pass through areas like Simra and then cross the Patna-Gaya railway line, and then run almost parallel to the rail track before maating the existing alignment near Punpun. I think the construction of this reach is also about to start now. Is someone aware what effect it all has done on the real estate around this new alignment?
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  • Effect on real estate from nh83 4 lane expansion

    Do anyone have the map of 4 lane expansion of nh83 from patna end? The existing nh83 will be reconstructed or any new bypass road will be added from patna end?
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  • Originally Posted by studio
    Do anyone have the map of 4 lane expansion of nh83 from patna end? The existing nh83 will be reconstructed or any new bypass road will be added from patna end?


    The alignment upto Punpun would be changed. It will start somewhere near Beur jail from NH30 and run through North of Simra area, will cross the Patna-Gaya rail track and then move ahead parallel to the rail track before meeting the existing alignment near Punpun.

    I don't have the map, though. Will be glad if someone shares it here! :)
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  • Originally Posted by Rakesh 606
    The alignment upto Punpun would be changed. It will start somewhere near Beur jail from NH30 and run through North of Simra area, will cross the Patna-Gaya rail track and then move ahead parallel to the rail track before meeting the existing alignment near Punpun.

    I don't have the map, though. Will be glad if someone shares it here! :)


    Thanks Rakesh for the update. This road will change the growth scope of south part of Patna till punpun.
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  • Ganga Marine Drive ban gaya kaa?

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  • Not really a boom as real estate is still trying to look up after a prolonged slump. However, there is no dearth of home buyers in some of the upcoming localities in the city. If you cannot afford a property in the plush central locations such as Boring Road, Pataliputra etc which are close to commercial areas, you could also go in for upcoming ones such as Danapur and beyond. Stay invested for a mid to long term to reap appreciable capital gains.
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  • Originally Posted by Magadh_Pride
    Ganga Marine Drive ban gaya kaa?



    Work going on, though not at a great pace, I presume. This April, the pillar were visible at places around Digha-Rajapur, work in casting yard near Rajapur for casting of span segments also appeared going on. Don't know, what is the latest date scheduled for completion.
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  • Originally Posted by snehas9429
    Not really a boom as real estate is still trying to look up after a prolonged slump. However, there is no dearth of home buyers in some of the upcoming localities in the city. If you cannot afford a property in the plush central locations such as Boring Road, Pataliputra etc which are close to commercial areas, you could also go in for upcoming ones such as Danapur and beyond. Stay invested for a mid to long term to reap appreciable capital gains.


    What about the areas south of Sipara...like Parsa bazar, Punpun? The work on widening of NH83 is on and once complete, the connectivity of these places with the main city would become quite better.
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  • Sad day for Bihar today.

    Return of Jungle Raj...
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