There is a severe shortage of housing in Bihar, especially in the affordable housing category. This prevents millions of Biharis to own even a modest dwelling. As per the report of the Technical Group on Urban Housing Shortage (2012-17) constituted by the Ministry of Housing and Urban Poverty Alleviation (MoHUPA), there is a shortage … More How to put affordable housing In Patna in the fast lane
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 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