The house for sale in Patna is located at the prime colony of Patna called SriKrishnaPuri. The land area is about 4200 sq ft. House for sale in Patna is an old house. It is double storey and very spacious. House for sale in Patna, SriKrishnaPuri is under leasehold of Patna Nagar Nigam. An amount of LABHANSH equalling almost 48% is payable to Patna Nagar Nigam.

The best part about house for sale in Patna is that the seller is asking a price inclusive of Labhansh. It means that the seller of the house in Patna will pay full Labhansh to Patna Nagar Nigam.

The price of the house for sale in Patna is Rs.5.5 crores.

7 keep it simple tricks for Buying a House in Patna

Buying a house in Patna is stressful and long process. For most of us it is once in a lifetime event too. Until the moment the buyer takes possession of the house for sale in Patna, there’s always a chance that something could go wrong. Here are some ways that we have gathered through our experience of 8 years in Patna Real estate that would help house buyers in Patna to walk through ease in buying a house in Patna.

1. Get your paperwork in order

Foremost, the house buyer in Patna needs to get their paperwork in order, before they even start looking at houses for sale in Patna. It includes you tax statements, bank statements and credit scores.

2. Find a real estate agent in Patna whom you can trust

In case of buying a house or residential plot a real estate agent is must in Patna. No doubt your circle of Friends and Relatives too are important but agents play a major role in helping you swim across “a home deal” in Patna. In case of flats one can directly approach builders but in case of houses it is very hard to explore the Patna real estate market without the aid of an agent.

3. Start researching banks , home finance companies and loan rates

Yes, the terms and conditions that best suits you while buying a house in Patna must be known to you. The loan rate varies and many terms like processing fees, initial cheque, floating rate vs fixed rate and many other details need to be compared and finalized before jumping for a home loan from a bank. Just do not choose your home loan from a bank because they have pre-approved it. Research well.

4. Get your financing in order

Once you’ve chosen your bank or home finance company like LIC, get pre-approval for home loan and get a pre-approval letter from the concerned bank in Patna. This will not only help you figure out what you can afford before you start looking for a house in Patna of your choice.

5. Find a civil engineer to inspect the house in Patna

A good civil Engineer will be able to warn you of areas where there are problems with termites, water seepage, or shoddy construction. Do your due diligence. Try to find a civil Engineer in Patna who’ll let you accompany them when they make their inspection so you can ask questions on the spot about the house you are going to buy in Patna.

6. Ensure there is no loan on house you are buying

Through your advocate or real estate agent get it doubly verified that there is no loan on the House you are buying. Everything needs to clear before you sign on sale deed.

7. Get your Contractor lined up

You will need renovations if not repairs. So you need a plumber, an electrician, a flooring person and a general carpenter you know and trust. And even an interior designer as such.

DO YOU KNOW THE DEMAND FOR BUYING

HOUSE IN PATNA HAS INCREASED?

SUDDENLY IN LAST THREE MONTHS ( November 2020 to January 2021) the queries about buying houses in Patna has surged. The surge in demand for houses is coming from a typical profile of customers and the type of the houses they are looking for too is very same.

Mr.Abhishek is 38 years old and works for an IT firm in Banglore. He works for a reputed IT company and draws handsome salary. Currently from last 8 months he is in Patna with his parents as the company has allowed him to work from home(WFH) in the light of Pandemic and lockdowns. His kids and better half too are in Patna with him as the schools are closed. Now Abhishek is getting attracted with his hometown PATNA which he feels after staying for months is not so bad to live as it is made to. The other interest is living with parents and other friends and relatives around.

Abhishek therefore is making queries for buying a house of one or two storeys built in a residential plot of the size of 1 to 1 and half katthas. The price he is ready to pay for such a property on at least 20 feets wide road and good residential colony of Patna is around 1.5 Crores. Abhishek is analytical as he is correct in selecting most parawmeters for buying a house in Patna.

The story goes on as Abhishek is not the only one. There are many IT professionals working from home in Patna living with their parents for months who have suddenly found their lost old love PATNA as living destination.

After the spread of corona, house buying has increased in Patna. It is a reaction to social distancing call gaining momentim due to spread of Corona. The social distancing is at risk in apartments as many families live together and to control all, is asking too much in Patna. The common areas in an apartment like Lift too is an issue. Living in an independent house in Patna saves afamily from these hazards of apartment living.

Secondly, the parents living alone and away from their children realize how such pandemics can make their day to day living hard and therefore want to spend their rest of life with their children. Therefore the demand and supply of houses in Patna has increased. It is only the price that is challenging for most buyers of house in Patna.

Checklist for buying house in Patna

The documents related to buying a house in Patna have two components;

(a) Documents related to land on which the house (building) is constructed in Patna and

(b) Documents pertaining to house, the building on that land.

To see the checklist for buying land in Patna go to our BUY LAND page. Here we are just providing list

for building (house) on the land. Remember both set of documents together comprise the full checklist of buying a house in Patna.

1) Sanctioned building plan by Patna Nagar Nigam – This is to ensure that the seller has not made any deviations from the sanctioned plan by Patna Nagar Nigam of the “naksha” of the house. And if there are deviations then due penalties have been paid and NOC obtained from the Patna Nagar Nigam.

2) Receipt of property tax paid to Patna Nagar Nigam – The receipts of property tax makes it clear that the seller of house in Patna had paid all the taxes and none have been left as due. They also establish the legal status of the property in Patna and therefore serve as an important document of evidence in favor of the right of ownership of house for sale in Patna.

3) Statement from bank if loan outstanding – If any loan was taken to purchase the house in Patna or for constructing the house for sale and if any part of loan is outstanding on the property that is being purchased, it is safe to procure the statements relating to the loan so that there is full disclosure in that regard. Also we need to check that the house in not mortgaged for any purpose (Non- Encumbrance Certificate).

4) No Objection certificate from all Siblings of the Seller - With property laws in India now recognizing daughters as equal legal heirs of property, the buyer of house in Patna should ensure that no objection is tendered by each and every child of the seller of house in Patna.

5) Special cases in Patna- If the house for sale in Patna belongs to Housing board, Co-operative like Patliputra Colony Co-operative or in areas like Sri Krishna Puri, special papers are required. For housing board’s houses one need to ensure that the seller has turned his house as freehold from earlier leasehold status. Co-operatives NOC have its own guidelines and localities like Shrikrishnapuri and Rajendra Nagar has a profit sharing clause between seller and Patna Nagar Nigam.

BUY HOUSE IN PATNA

Buying a house in Patna inevitably comes with surprises. The dream combination of location, price and quality is illusive while buying a house in Patna. Though we will help you navigate these hidden challenges, before you start shopping for a house, you should take account of some important things that you probably haven’t considered yet. Total budget for buying the house in Patna, it includes Price of house plus renovation cost plus moving in expense plus registration cost of property as well as brokerages if any.

Each house in Patna was built by owner (now seller) as per her/his requirements and funds available for construction. Most houses on sale were built at least a decade earlier; though newer houses too sometimes feature for sale in Patna property market but they are few.

HOW TO PREPARE TO BUY A HOUSE IN PATNA?

We have been home buyer's agent many times in last 8 years of our services in Patna real estate. Many a times we find that home buyers in Patna struggle on their own in frustration because they have not taken the time to understand the various aspects of buying a house in Patna.

#1 Deciding That Buying Your First House in Patna Is Right For You

The decision to buy your first house in Patna should not be taken lightly. Buying your first house in Patna just because all of your friends are buying house in Patna, doesn't mean you should too buy a house in Patna.

Double-check your motivations and objectives to buy a house in Patna. Are your job and income stable? Can you comfortably afford to buy a house in Patna? Is owning a home a lifestyle you want to live right now or it can be delayed?

#2 Start Preparing To Buy Your First House in Patna Early

For most home buyers in Patna, the thought of buying a house in Patna is in their mind months or even a year or more before they jump into buying a house in Patna. We suggest to start preparing early to get a control on the home buying process in Patna, the market, your finances and to set realistic expectations.

You can watch on the market by watching homes online, you can organize your finances, work on improving your credit and take the time to find the right professionals to help along the way.

#3 Get Your Hands On Your Credit Report before starting your search for house in Patna

Get your credit report right away as soon as you begin to think about buying a house in Patna. It is not unusual for there to be mistakes that are dragging your credit down. You can get a free annual credit report on your own or by getting approved early by a bank. Get your pre approved home loan sanctioned by the bank so that you can get it disbursed on right time to buy a house in Patna.

#4 Understand The Type of Real Estate Market Existing at the time of your buying a house in Patna

Often a first-time house buyer in Patna enters Patna real estate market with certain perceptions from friends and family buying in the past. But real estate market in Patna can change with time. One needs to understand how the real estate market is performing right now, not two years ago when your relative bought a house in Patna.

#5 No Question Is Stupid about buying a house in Patna

Often a house buyer in Patna feels this may be a stupid question.... but when they ask, it is a very valid question mostly. A real estate transaction has many facets some with legal and financial implications. It's your life, ask the questions no matter how silly you think it is. You will be the gainer in buying a hous ein Patna.

HOUSE FOR SALE IN PATNA

Buy a house in Patna with a clear set of priorities and a pragmatic approach . We, no.1 property website of Patna, should help you find the right house for sale in Patna, no matter what your budget is to buy house in Patna. When looking to buy a house in Patna for your own use, if you find the right match and are financially ready, remeber do not overstretch ;you must take the plunge and buy house in Patna.

A house in Patna of own is an asset; not only financial but social and psychological too. It is an investment which can give you full and long-term returns financially and is also valuable in terms of family and friends, economic-social stability and status. The economy of our country and state is getting linked to global economy and it also means economic cycles will effect us more in Patna and in the economic downturns a house in Patna makes us feel so safe.