Invest in Real Estate in Patna, Bihta, and Kanhauli Overview
Investing in real estate in Patna, Bihta, and Kanhauli offers numerous benefits driven by a series of ambitious infrastructure projects and strategic developments. These areas are poised for significant growth, making them attractive for real estate investors seeking high returns. Here’s a detailed look at why these regions are ideal for real estate investment:
Patna – The Capital Hub
Infrastructure Development:
- Patna Metro: The new Patna Metro is set to become operational by March 2025. It will drastically improve urban mobility, reduce traffic congestion, and enhance the overall quality of life in the city. The metro system will connect critical areas, making nearby properties more valuable.
- Ring Road Project: The construction of a 140 km six-lane ring road will enhance connectivity around Patna, further integrating the city with surrounding regions and reducing travel times. The project includes boundary walls to prevent encroachment and ensure safety.
- Ganga Path Development: The Patna Marine Drive, or Loknayak Ganga Path, is a crucial infrastructure project improving east-west connectivity along the River Ganges. Once fully operational, this 20.5 km four-lane expressway will reduce travel times significantly and boost property values along its route.
- Economic Growth:
- New Airport Terminal: The new terminal at Jayaprakash Narayan International Airport, inspired by Nalanda University and featuring Madhubani paintings, will modernize the airport, increase its capacity, and improve passenger experience. This development is expected to attract more business travelers and tourists, spurring economic activity.
Bihta – The Emerging Industrial and Commercial Hub
Strategic Location and Connectivity:
Bihta-Sarmera Road: The construction of a new four-lane highway and the proposed largest bus stand on this road enhance Bihta’s connectivity with other regions. The improved infrastructure will make commuting more accessible and faster, boosting the area’s attractiveness for residential and commercial developments.
Danapur-Bihta Elevated Road: This 23.5 km elevated road will further improve connectivity between Patna and Bihta, facilitating smoother and faster travel. The road will also connect to the proposed Bihta International Airport, enhancing accessibility.
Economic and Commercial Growth:
- Britannia Factory: The new Britannia factory in the Sikandarpur Industrial Area will have three production lines for making biscuits with a capacity of 70,000 tonnes per annum. This project, costing over ₹250 crores, is expected to start commercial production by November 2023 and provide jobs to over 1,000 individuals, boosting the local economy.
- Petroleum Technology Institute: Set to commence operations from the next academic session, this ₹50 crore institute will create employment opportunities for the youth and contribute to the area’s educational infrastructure.
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- Integrated Pack House Project: Expected to be ready by November 2023, this project will benefit farmers by providing better prices for fruits and vegetables and assisting in exports, fostering agricultural growth.
- Indian Institute of Technology (IIT) Patna: Established in 2008, IIT Patna is a prestigious institution offering undergraduate, postgraduate, and doctoral programs. Its presence in Bihta enhances the area’s educational reputation and attracts students and professionals, driving demand for residential and commercial properties.
- National Institute of Technology (NIT) Patna: The new campus in Bihta, set on 125-acre land, will accommodate over 6,000 students and spur development in the area.
- Development Management Institute (DMI): The state-of-the-art campus under construction will further enhance Bihta’s educational landscape and attract students and faculty members.
Kanhauli – A Growing Residential Zone
Infrastructure and Connectivity:
- Patna Ring Road: Kanhauli’s proximity to the proposed ring road makes it attractive for real estate investment. The ring road will improve connectivity with other parts of Patna and beyond, reducing travel times and enhancing the area’s overall appeal.
- Plot for Sale in Kanhauli: Invest in Prime Real Estate Near Patna Ring Road
- Relocation of Bus Stand: The new bus stand adjacent to the Patna Ring road will improve accessibility and make Kanhauli a more convenient residential area. The planned 50-acre bus stand will include facilities for passengers and bus operators, further boosting the area’s infrastructure.
- Scenic and Strategic Location: Located near crucial infrastructure projects like the Patna Marine Drive and the new bus stand, Kanhauli offers scenic beauty and strategic connectivity. This makes it an ideal location for residential developments, attracting homebuyers looking for convenience and quality of life.
Conclusion: Investing in real estate in Patna, Bihta, and Kanhauli offers significant potential for high returns, driven by major infrastructure projects and strategic developments such as the Patna Metro, ring road, Bihta-Sarmera highway, and Patna Marine Drive.
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