GOVERNMENT INITIATIVES AND THE DEVELOPING LANDSCAPE OF PATNA.

Though our economy is fluctuating now, still no one can deny the fact that India is developing at a faster pace. The same can be witnessed in the state of Bihar. Those were the days when only the metropolitan cities were used to be named for skyscrapers, international standardized lifestyle and luxurious township projects, now one can witness them in the city of Patna also. Noting can be compared to home and the homeland. With this belief in the core, many real estate companies of Bihar have come up with the advanced and modern township planning’s that can offer you exclusive lifestyle of metros, affordability, redefined luxury and the feel of your own home. The rapid urbanization and need for more houses have boosted the growth of the real estate sector in Bihar’s capital — the Patna.

Patna is a city of attraction for every proud resident of Bihar. Now it is pulling in more and more rural and nearby populations for offering several modem facilities. One of the major cities of central India and being the capital of the state, Patna is the most favored destination among the Bihar inhabitants. People across the state and the nation come here for education, employment and a better lifestyle.

Besides improving the living standards of the people, the growing rural-urban convergence has created pressure on land in Patna. Huge migration has led to the emergence of a concept of ‘housing for all’.

Considering the need of the folks, the government of India initiated a flagship program, the Pradhan MantriAwasYojana (PMAY). The main aim of PMAY is to ensure the availability of pucca houses for all the country citizens. A house with all basic amenities for a better lifestyle and self-respect. Under the program, costs of buying a house have significantly reduced. Moreover, the possibilities of homeownership to the number of individuals and families have relatively expanded. Both public and private sector financial institutions and banks have been asked to issue the maximum number of home loans with lesser documentation and other formalities.

The government of India has also implemented several policies and new amendments in the past couple of years to enhance transparency in the real estate sector that includes Real Estate Regulatory Act (RERA), Real Estate Investment trust (REIT), Goods and Services Tax (GST) and demonetization.

The increased stress has been observed in the luxurious township planning in the state. Due to the increase in awareness for high standards of lifestyle, more and more people are now opting for integrated townships that have all the facilities within themselves.

Sustainability and Green buildings are now the emerging trend of the real estate sector in Bihar. Homeowners are now more aware of the energy consumption, environmental impact, renewable energy and resource utilization. At present, people are not looking for home only, but for a happy, sustainable and healthy home.

These all emerging parameters have not only changed the real estate market but also the landscape of Patna. It is now easier to spot integrated township in Patna. Homebuyers in Patna compare the features, amenities, eco-friendliness, certificates and recognizations while choosing a property. More emphasis is now being given to an integrated township with sustainable features.

This changing scenario has made Saakaar Constructions — the leading construction company of Bihar to launch an integrated township project — Saakaar Aquacity. This township project has features beyond the imagination of homebuyers and seeker that include a spacious area of 12 acres with 60% open area, 21 towers, 1024 residential units, lush greenery and adequate plantation. World-class facilities like sports complex, indoor sports arenas, swimming pool, gymnasium, party hall, amphitheater, meditation center, Spa, Cafeteria, ATMs and much more are present in this most advanced real estate project in Patna.

Approved by IGBC & RERA and rated 5 stars by CRISIL, Saakaar Aquacity has sustainable inclusions viz. rainwater harvesting system, solar energy utilization, sewage treatment plant, electric vehicle, solid waste management etc.

In the past few years, due to the government’s measure and people’s expectations, the landscape of Patna has changed a lot. Saakaar Constructions have added more stars by launching its dream project- Saakaar Aquacity. This exclusive township project is one of its own kind and can be recognized as the best township of Patna. It is offering 2 BHK, 3 BHK and 4 BHK apartments to the Patna inhabitants.