Exclusive! New trends in the Bihar property scene with Patna ushering is some contemporary real estate.

Expression Exotica - Patna. 

“Initially, when we engaged Hafeez Contractor Designs to conceive this project for us, we realized that to make a significant difference and change in the housing projects game in Patna, a lot more than that would be needed”, says Mr. Arindam Guha, MD of Expression Buildtech Private Limited.

That extra something Mr. Guha talks about is time, local know-how and the want to achieve excellence. For a project of 200 apartments having a deck level garden, a lifestyle facilities centre, a squash court, a hypermarket and a top of the line swimming pool in Patna, Expression Exotica started its pre launch sales at Rs. 5000 per Sq ft as the base price. All the other things associated with buying a house are extra.

“We have been working on getting the design of this project right jointly with the Hafeez team”, adds Arindam Guha. “The idea is to build a project where flats do not have common/ party walls and Patna housing standards get bench marked. At least if people have money to pay, they should get the real estate for their money’s worth. Expression Exotica is simply about building that experience”, exerts Mr. Guha, showing us the grand project brochure. We, as real estate consultants have seen the commencement of numerous real estate projects in India. We also happen to be helping a few builders in Patna with their real estate concepts but this kind of real estate and commitment in Patna is certainly a game changer. Not just the city but all of Bihar is going to benefit from this shift in thought and delivery.



“Our office and retail building Nutan Plaza, which spans 8 floors and has over 80 thousand Sq ft of built up area and is a one of a kind building in the whole state”, proudly speaks Mr. Sanjay Sinha of Nutan Construction. Mr. Sinha, the man behind Nutan Construction has been delivering land mark buildings in Patna for more than a decade now.

“We have intelligent building management systems, super fast elevators, basement car parking, 14 and 12 feet ceiling heights and the right ambiance for retailers and corporate bodies to come in and start operations at Nutan Plaza. The whole building will be owned and operated by Nutan Construction and all space will be leased out strictly. No sales”, adds Sanjay Sinha. And we agree. The building is almost ready and will be ready for fit out for the lessees in less than 3 months from the time we publish this story.

With shady land acquisition cases, extremely high land and property prices and a general lack of civic sense in the Bihar citizen, most CBD office buildings are in a bad state. The construction is okay but there are problems with the design and more importantly the upkeep of these concrete creations. The amount of filth, overcrowding and misuse of available space has turned most commercial buildings in Patna into experience nightmares. After meeting a few of these contemporary builders of Patna, we think that a lot of them are realizing this and are trying their level best to change this perception by building better real estate. And mind you, better real estate comes at a huge cost mostly. It requires a different line of thought. Something that the quick money making mentality of the average Indian builder cannot conceive and deliver.

“The Bihar of the past has now completely changed. Yes, there is still a long long way to go but the business and living environments are much better now. We never imagined in the past that we could live and conduct so freely in this state”, says another reputed developer, not wanting to be named.

“Nitishji, the Bihar Chief Minister despite all the odds he faced when he started, with the flood and drought and all has done a commendable job”, he adds, taking us around the retail, movies and f&b hub he is building in the heart of Patna city.

The efforts that these builders are making are not in vain. Expression Exotica, at that price and being away from the city’s CBD is selling quite well. Out of the 200 units available there for those who can afford a house for a crore of rupees, 50 are already sold out! Companies like Sony, Honda, Stock Exchange Board and others are finalizing their terms of occupancy at Nutan Plaza. Central and multiplex brand Bioscope are making a beeline for the retail hub on Frazer Road.

The change in Patna’s real estate is essentially the beginning of the change in Bihar’s real estate. Already some of these good trends of building better real estate have started showing up in Muzaffarpur and a few other cities in the state. Anything good we think is contagious. Way to go Patna. We have pushed our mate Abhijit to do some specific research on Patna and Bihar and get back to all of us here with his findings. This only means that like the all new real estate in Bihar, there are going to be some all new articles here on Bihar real estate. We are looking forward to them. You should too.

Cheers! 

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