Overview of Agam Kuan, Patna

Place and Importance

Agam Kuan is located in Patna, the primary urban hub of Bihar. Many people, both locals and outsiders from Bihar, are keen to buy or live there.

Property Prices

• Flats being built now cost roughly Rs. 5,100 per sq.ft.
• Flats ready to move into cost around Rs. 5,400 per sq.ft.
• Re-sale flats are priced at about Rs. 4,800 per sq.ft.

Rent Market

Rents for properties in Agam Kuan come with different prices. For example, a 2 BHK flat might cost about Rs. 6,000 per month to rent.

What Influences Property Prices

• Place: Location is very important. Prices between Patna areas, like Agam Kuan, are fairly competitive and not that different, often just 10-12%.
• Quality and Brand: Famous builder properties with modern amenities usually cost 10-15% more.
• Construction Stage: Prices climb as the project nears completion. Ready-to-move homes are at their highest, while you might find good deals during the building phase.

Property Market Trends

• The property prices in Patna, including Agam Kuan, went up a lot earlier on, but have been mostly the same for some years now. Some properties might seem overvalued.
• There’s potential for more demand from WFH policies, especially among IT folks returning to their hometowns.

Investment and Returns

• Real estate in Agam Kuan, or in Patna in general, won’t bring high returns (20-30% each year) as before. Right now, lower returns are expected because of previous price hikes and stagnated current prices.

Other Things to Think About

• GST Rates: Homes might have a 1% or 5% GST rate without Input Tax Credit, based on price and builder choice. Commercial properties might see a 5% rate without ITC and 12% with ITC, depending on the project.
• Market Moves: Patna’s real estate market gets affected by economic changes like inflation, borrowing costs, and government spending. These can change buyers' budgets and developers’ pricing strategies.

PropertyWala’s Final Thoughts

Agam Kuan in Patna has both flats being built, those ready now, and re-sale flats. This variety makes it good for buyers and renters. To make smart choices, do deep research on trends in the market. Think about building quality, amenities, and nearby things. With stable but potentially rising prices and wider economic influences, it’s smart to bargain and search for the best options. Understanding the GST effects and market trends can greatly help in making well-informed decisions.