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Patna, historically known as Pataliputra, stands as the capital and largest city of Bihar, India. Positioned on the southern bank of the river Ganges, Patna spans an area of 250 square kilometres with a population of 2.35 million as of 2018, ranking it the 19th largest city in India. With a rich history, Patna is among the oldest continuously inhabited places globally, boasting ancient ruins such as Kumhrar and Agam Kuan, remnants of the Ashokan Pataliputra.
Patna has been a significant agricultural and trade centre, renowned for its exports, including grain, sugarcane, sesame, and the famed medium-grained Patna rice. The city hosts major business districts like Bander Bagicha, Exhibition Road, and Gandhi Maidan Marg and has become an emerging IT hub. Additionally, Fatuha in Patna is home to the world's second-largest leather cluster.
The city's culinary landscape reflects the richness of Bihari cuisine, featuring dishes like Sattu Paratha, Litti Chokha, Mutton curry, and thekua. Patna attracts tourists with its cultural heritage showcased in ancient monuments like Kumhrar and Agam Kuan. The city also boasts British architectural landmarks such as Padri Ki Haveli, Patna High Court, Golghar, Sultan Palace, and Patna Secretariat. Gandhi Maidan, a historic ground, witnessed pivotal moments in the freedom movement, while the newly built Buddha Smriti Park near Patna Junction is gaining popularity as a tourist attraction.
Patna boasts a well-connected transportation infrastructure, with major national highways such as NH 30, NH 31, and NH 2 passing through it. Key corridors like Ashok Rajpath, Patna-Danapur Road, Bailey Road, Harding Road, and Kankarbagh Old Bypass Road contribute to the city's accessibility.
The city is undergoing significant infrastructural developments, including the proposed civil enclave at Bihta Air Force Station for a new airport. The Patna Metro, an under-construction rapid transit system, is set to enhance the city's connectivity. The metro project, owned and operated by the state-run Patna Metro Rail Corporation, is estimated to cost Rs. 140 Billion and will consist of five lines covering 60 kilometres, to be built in three phases.
Patna has emerged as a preferred residential destination in Bihar due to its continuous infrastructure improvements, planned international airport, and affordable housing options. Several burgeoning areas in Patna, including Saguna More, Danapur, Bihta, Khagaul Road, Nohsa and Boring Road, have caught the attention of homebuyers.
In areas like Punpun, Digha, Gardanibagh, Ashopur, Patna Sahib, Ranipuri, Anandpuri, and Anisabad, the average property prices typically range from Rs. 5,450 to Rs. 6,000 per square foot. Some top-selling projects in Patna include GBN Skywalk, Prem Ram Prasad Kunj, Sunrise Ashoka Complex, Sameer The Sunshine City and RD Heights.
Additionally, Patna offers attractive rental yields, with areas such as Danapur (2%), Saguna More (2%), Anisabad (2%), Gola Road (2%), and Bailey Road (2%) are some of the areas that offer highest rental returns in Patna.
Here is the price list for some of the top areas in Patna:
Neighbourhood | Price/Sqft. |
---|---|
Saguna More | Rs. 5,450 |
Danapur | Rs. 5,500 |
Gola Road | Rs. 5,500 |
Bailey Road | Rs. 6,000 |
Anisabad | Rs. 5,800 |
Bihta | Rs. 5,185 |
Gola Road | Rs. 6,190 |
Khagaul | Rs. 5,446 |
Rukanpura | Rs. 6,300 |
AIIMS Patna Road | Rs. 4,594 |
Jagdeo Path | Rs. 5,661 |
Kidwaipuri | Rs. 25,102 |
Rajendra Nagar | Rs. 4,466 |
Patliputra Colony | Rs. 3,486 |
Digha | Rs. 4,950 |
Gardanibagh | Rs. 5,471 |
Rajeev Nagar | Rs. 4,500 |
Ashopur | Rs. 5,516 |
Patna Sahib | Rs. 4,736 |
Anandpuri | Rs. 6,129 |
Disclaimer: The mentioned prices are taken from different sources and do not reflect the actual price. The price depends on the offered location, developer, and amenities.
Patna, a vibrant metropolis, boasts prestigious institutions like Patna University, Anugrah Narayan College, Chanakya National Law University, Aryabhatta Knowledge University, IIT Patna, Bakhtiyarpur College of Engineering, and NIT Patna. With an influx of students and job seekers, the real estate market in Patna is thriving. Notably, Boring Road is one of Patna's most preferred residential areas, while Bihta is gaining prominence for the upcoming hi-tech city of Bihar.
Kankarbagh in Patna is recognised for its residential offerings, premium conveniences, and strategic proximity to key business centres, making it one of the most affluent areas in the city. Also, Patna features luxury projects such as Surya Signature, Mateshwari Biswajeet Heights, and Saakaar Aquacity, offering residents a high-end living experience with top-notch amenities and spacious accommodations. Kankarbagh (3.5%), Boring Road (2.7%), Phulwari Sharif (2.5%), Rupaspur (2.3%), Jagdeo Path (2.3%) are some of the areas that offer the highest rental returns in Patna.
Renowned developers like Disha Construction, Sai Shrinkhala Developers, GBN Skywalk, Sunrise Residency City, Gayatri Girija Vihar, and Mundeshwari Crystal Towers are operational in the region.
Across 20 locations in Patna, property prices have surged 67.7% YoY (Year-over-Year). This price is expected to go up 90% in the upcoming years. Anisabad (36.5%), Saguna More (36.3%), and Danapur (27.9%) are the localities with the highest price appreciation for property in the last few years.
The average price of 1 BHK in Patna is Rs. 20 Lakh to Rs. 27 Lakh.
The average size of 1 BHK in Patna is 700 square feet.
The rent of a 1 BHK in Patna is Rs. 6,500 to Rs. 7,000 per month.
The average price of 2 BHK in Patna is Rs. 50 Lakh to Rs. 51.8 Lakh.
The average size of 2 BHK in Patna is 1036 square feet.
The rent of a 2 BHK in Patna is Rs. 11,200 to Rs. 15,000 per month.
The average price of 3 BHK in Patna is Rs. 60 Lakh to Rs 73.9 Lakh.
The average size of 3 BHK in Patna is 1135 square feet.
The rent of a 3 BHK in Patna is Rs. 12,000 to Rs. 27,000 per month.
The average price of 4 BHK in Patna is Rs. 81.9 Lakh to Rs. 1.80 Crore.
The average size of 4 BHK in Patna is 3800 square feet.
The rent of a 4 BHK in Patna is Rs. 20,000 to Rs. 40,000 per month.
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