Land sales rise in Bihar, apartment registration falls
Land rates in Bihar continues to soar. However, the volume of revenue collected by the registration department from sale of land and apartments has registered a 50 per cent growth compared to corresponding period last year.
According to the statistics of the registration department, the state has earned Rs. 653.51 crore as revenue from the sale and purchase of land and apartments till July 2012, which is up by Rs. 219.22 crore from collection during the same period in 2010-11.
Although land sales record a rise, the registration of apartments has come down drastically over the last two years. Because of the high rates, investors now want to buy apartments in the National Capital Region (NCR) of Delhi and other metropolitan cities like Bangalore and Pune as prices of apartment is lower in these cities than that in Patna.
The fall in apartment booking is related to available benefit of amenities, which Bihar land developers are yet to offer.
Amenities, Bangalore, Bihar, Delhi-National Capital Region (NCR), Land rates, Patna, Patna district registration department, property price, Pune, real estate in Bihar, Real estate in India, Registration Department, Revenue collection, sale of land and apartments
