Being the capital city of state Bihar and the second-largest metropolitan centre of Eastern India. Patna with a population of more than 2 million is a centre of growth for industrial activities. The per capita income in Patna is approx. INR 58000, stated in 2010-11 financial year statements. It reflects the enormous investment being made for metropolitan growth of Patna. Patna metro if heeds the light of the day; it will drive expansion more in Patna and deconstruct the town which is getting cluttering around the centre of the city as far as commercial real estate is involved.
Patna is urbanizing at a faster pace.
The horizons of Patna are developing speedily with new buildings and contemporary architecture. Patna is transforming in unique ways from the expansion of road networks and the various on-going residential and commercial projects in Patna. Various transportation projects are also in the list of on-going projects. So that it will become more convent for the people of Patna Bihar to travel easily from one place to another.
Given the penetration of people to Patna.
The state capital, from all over Bihar. All these developments have not been provoked by illogical enthusiasm – they are certainly necessary. Bihar possesses a population of eleven and a half crores. The growth mandates the needful generation of employment. As existing commercial centres have become soggy, Patna’s commercial real estate markets have to progress in terms of both the number of existing business centres and the development of new ones.
During the preceding Decade, commercial real estate in Patna has observed a constant rise in demand for office space and retail. All these activities are connected to the notable shift within Patna from constructing average-quality commercial space. To developing superior-quality projects with excellent amenities that promote the business environment like corporate offices and malls. Moreover, the ongoing infrastructure drives are reconstructing the areas like Saguna Mor in Patna into thriving commercial centres. These project will generate the various residential facilities to the people of Patna Bihar. And will become helpful in taking their dream house.
A large number of companies are intending to extend their operations in Patna in the subsequent five years. These companies may prefer to move to suburban. And is mostly in west Patna, Biht locations because by executing this. They will be capable to subdue their real estate costs and shifting into excellent quality projects. Which are accessible at lower rents and provide modern amenities, safety, and car parking in a growing and modern Patna.
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