Patna, the capital city of Bihar, is one of the fastest-growing cities in India. The city's rich cultural heritage, combined with its rapid urbanization, has made it an attractive destination for people looking to settle down. With the growing population, the cost of living in Patna has also increased over the years. In this article, we will explore the five most expensive pin codes in Patna City to live in and provide details about the cost of living, average property rates, and average rental costs for a 2BHK in each of these areas.
Fraser Road Area, located in the heart of Patna, is the most expensive pin code in the city. It is a commercial hub with several offices, hotels, and restaurants. The cost of living in this area is high due to the availability of luxurious amenities and facilities. The average property rate in Fraser Road Area is around INR 20,000 per square foot. If you are looking to rent a 2BHK apartment in this area, it would cost you around INR 25,000 to INR 35,000 per month.
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Boring Road Area is another posh locality in Patna that is known for its upscale lifestyle. This area is home to several famous educational institutes, hospitals, and shopping centers. The cost of living in Boring Road Area is relatively high due to the availability of premium facilities and amenities. The average property rate in this area is around INR 15,000 per square foot. If you are looking to rent a 2BHK apartment in this area, it would cost you around INR 18,000 to INR 28,000 per month.
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Anandpuri and SK Puri area is a posh residential locality in Patna that is known for its peaceful surroundings and greenery. This area is well-connected to other parts of the city and has easy access to several important amenities such as hospitals, schools, and shopping centers. The average property rate in this area is around INR 12,000 per square foot. If you are looking to rent a 2BHK apartment in this area, it would cost you around INR 15,000 to INR 25,000 per month.
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Bailey Road Area is one of the most sought-after residential areas in Patna. This area is well-known for its serene surroundings, modern amenities, and premium lifestyle. It is home to several prestigious schools, hospitals, and shopping centers. The average property rate in Bailey Road Area is around INR 10,000 per square foot. If you are looking to rent a 2BHK apartment in this area, it would cost you around INR 12,000 to INR 22,000 per month.
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Kankarbagh is a popular residential locality in Patna that is known for its connectivity and affordable lifestyle. This area has several important amenities such as hospitals, schools, and shopping centers. The average property rate in this area is around INR 8,000 per square foot. If you are looking to rent a 2BHK apartment in this area, it would cost you around INR 10,000 to INR 18,000 per month.
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Patna is a city that offers a diverse range of residential localities to suit different lifestyles and budgets. However, as the city is growing in popularity, the cost of living in certain areas has significantly increased. The five pin codes mentioned above are the most expensive localities in Patna City to live in, with Fraser Road Area being the most expensive.
If you are planning to move to Patna or looking to invest in property, it is important to research the different localities and their property rates. It is also essential to consider factors such as accessibility, amenities, and the overall lifestyle of the locality.
Yes, there are several affordable areas to live in Patna City such as Rajendra Nagar, Ashiana Nagar, and Danapur. These areas offer a decent lifestyle with moderate living costs.
The cost of living in a locality is primarily determined by factors such as property rates, rental costs, availability of amenities, accessibility, and the overall lifestyle of the locality.
The best locality to live in Patna City depends on an individual's lifestyle and preferences. However, some popular localities include Boring Road, Bailey Road, and Kankarbagh.
It depends on an individual's financial situation and long-term plans. If you plan to settle down in Patna City, buying a property may be a good investment. However, if you are looking for short-term stays or are unsure about your long-term plans, renting a property may be a better option.
The real estate market in Patna City is steadily growing, with several new projects and developments underway. With the city's growing population and rapid urbanization, the demand for residential properties is likely to increase in the coming years.