From the beginning of the history of India, North India has been a hotspot for settlements. Especially the region of Bihar, starting as a Janpad to Mahajanpad and then developing into the capital city of well-acknowledged kingdoms. Patliputra, now Patna has always shown immense growth potential and has grown continuously since its establishment.
Being the capital city, Patna provides a tremendous amount of opportunity to the people of Bihar and across India. Developing at a high-speed rate, Patna has attracted investments from the top investors in the state. Buying a property in this capital city is the dream of every citizen of Bihar and one of the leading factors in the skyrocketing property prices.
The growth of a city depends on several aspects, considered consciously by the investors to move ahead with the transaction.
- Population – The population of a city is vital in determining growth. More people means more significant opportunities and vast growth.
- Connectivity – The connectivity within a city plays a vital role in seeking investment. A city’s enhanced road connectivity gives the perfect invitation to investment.
- Safety – The city’s safe environment act as a magnet for growth. A safer city attracts considerable investments.
- Education – The level of education in a city shapes the future of its growth. High standards in education automatically ask for growth and opportunities.
- Medical institutions – The availability of top-class medical institutions in a city increases the pace of settlements.
Factors related to the rise of greater Patna
The growth of the city of Patna has incited investment from across the state. Many significant factors have added to the rise of greater Patna that we will discuss below.
- Capital city – One of the main reasons for Patna’s growth is the city being the capital of Bihar. The capital of any state draws more investment than the other cities. Being the 21st fastest growing city in the world, it has shown great potential to attract investments from the top builders in Patna.
- Political stability – The stability in Bihar politics over the past 20 years has contributed enormously to the growth of Patna and Bihar. Rightful usage of the government funds and less corruption in the state has generated trust in the eyes of private players and guaranteed their participation in the growth process.
- Government’s rules and regulations – The introduction of the RERA Act by the government has played an influential role in shaping the growth of Greater Patna. RERA-approved projects give assurance of trust and faith to the buyers. Every buyer should buy property from the RERA-approved builder in Patna to eradicate any fraudulent mishappenings.
- Increased connectivity in the city – With the development of roads, flyovers, and underpasses in every corner of the city, connectivity across Patna has become easy. It can be easily accessed within an hour, paving the way for top real estate companies in Patna to escalate the pace of their projects in the city.
- Educational hub – There is no doubt in the fact that Patna is the educational hub of Bihar. Many aspirants shift to the capital from their respective cities in search of a better learning environment and opportunities. It has been the scenario for a lengthy period, thus becoming one of the essential factors in rising of the Greater Patna.
- Metro Project – The upcoming metro plan in Patna has boosted the speed of growth. The announcement of the metro by the Bihar government in the city of Patna has made it clear that the development of this city will only escalate. The top builders in Patna or top real estate companies in Patna are aware of the benefits of the metro project, giving them a secure environment to build more projects and contributing more to the development of Greater Patna.
Conclusion
Several factors have contributed to the rise of Greater Patna – residential & commercial properties. The contribution of government to the capital’s growth has simultaneously paved the way for private companies to lay down the foundation of their esteemed projects. Mundeshwari, one of the top real estate companies in Bihar has been in the real estate development business for more than 25 years and is now constructing the biggest mall in Patna- Heritage Mall and has worked solely for developing its eco-friendly, innovative, sustainable, and technologically enhanced infrastructures across Bihar, especially in Patna. Government policies & contribution to the city’s connectivity, and the environment of trust between the buyers and the builders have collectively given their part in the rise of Greater Patna which seems to only heighten in the near future.
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