Patna, (BiharTimes):Recent boom in the real estate market of Patna have sprung a surprise to all as the prices of commercial as well as residential properties have seen tremendous upward movement in the last couple of years. Patna was never known as prime destination for settlement of the people of other states largely due to lack of trade and industries in and around the city.
The real estate prices have appreciated more than 100 percent in last three years. Now the prime location residential properties is priced around 3000 -3500 per sq. feet where as commercial space in malls varies from 6000 to 10000 per sq. feet said Rakesh Kumar Singh a leading builder of the city.
But this sudden spurt cant be seen in isolation as the real estate was almost stagnant for more than a decade in Patna Singh added further.
More : bihartimes.com
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