Our country is looking forward for the formation of new government in few days from now. Anything NEW brings in a lot of hope about the future. The real estate sector therefore hopes that the new government should put the construction industry – and the much neglected housing segment in particular- way up … More “HOUSING IN PATNA FOR ALL” NOT POSSIBLE WITHOUT REFORMS
Urbanization in Bihar has generated huge demand for housing in Patna for which neither Patna or neither any other city of Bihar nor the housing sector in Bihar is prepared for. Besides an annual rise in the number of urban agglomerations resulting from the population growth and the development of new urban centers, … More Housing in Patna and Urbanization
The extent of urbanization in Bihar is much lower than other states in the country; with only over 31% of the population residing in urban areas in Bihar. The inability of Bihari society to keep pace with the increase in population has resulted in an under-supply of housing units in Patna, of which nearly 95% … More HOUSING IN PATNA AND ITS IMPACT ON URBANISATION AND POVERTY IN PATNA.
The housing sector in Patna not only has a direct contribution to the GDP, but it also has a positive impact on the other sectors in the economy. As per LIC Housing Finance Limited (LICHFL), 78% of the sum spent on construction of a housing unit gets added back directly to the GDP. This impact … More Housing in Patna and its Multiplier Effect on Other sectors.
Real estate investments in Patna have been one of the important growth drivers in economic growth of Bihar; a number of academic and business studies have established the correlation very strongly. Some of the studies have empirically proven the short term and long term effect of consistent housing investments on any state’s GDP … More Housing in Patna and Economy of Bihar