Overview of Fraser Road Area in Patna

Position and Importance

Fraser Road Area in Patna is an important locality due to its key location and accessibility to various parts of the city. This area serves as a center for both residential and commercial activities, making it quite appealing to buyers and renters.

Property Prices

• Average Price per Sqft: Typically, properties in Fraser Road Area are priced around ₹7,462 per sqft.
• Minimum Price: The minimum price for properties starts at ₹1,000 per sqft, although this is quite rare.
• Overall Property Value: Usually, the total value of properties ranges between ₹49.50 lacs and ₹1.35 crore, depending on the type and size of the property.

Variety of Properties Available

• Apartments: Found in different configurations such as 1 BHK, 2 BHK, and 3 BHK. Rent for these typically ranges from ₹18,000 to ₹36,000 per month, with prices for purchasing varying accordingly.
• Independent Houses/Villas: These ready-to-move-in and under-construction properties often command higher prices, starting from ₹1.35 crore.
• Builder Floors: An alternative for buyers seeking larger, often semi-independent living spaces.
• Residential Land: You can also buy plots around Fraser Road Area if you wish to construct your own property.

Available Rental Options

• Rent Range:
  • 2 BHK: ₹18,000 to ₹20,000 per month
  • 3 BHK: ₹35,000 to ₹36,000 per month.
• Types: Rented options include both furnished and unfurnished apartments, as well as fully furnished, pet-friendly, and high-rise units.

Current Market Trend

• Current State: Property prices in Fraser Road Area have been on the decline over the last six months, benefiting potential buyers looking to purchase at lower prices.
• Year-over-Year (Y-o-Y) Change: Property price values have dropped by about 8.49%, suggesting it's a buyer-friendly market.

Amenities and Infrastructure

• Central Setting: Fraser Road Area is well-interconnected with other parts of Patna, offering convenience to residents.
• Property Types: The area has a wide range of options from budget to luxury types.
• Local Amenities: Residents are likely to find nearby amenities like schools, hospitals, shopping centers, and public transport. Details may vary, however.

PropertyWala's Take

For buyers or renters interested in the Fraser Road Area in Patna, it offers a mix of affordability, amenities, and central location. With the current price drop in properties, it might be an opportune time to invest. Always check for updated market trends and carefully evaluate specific properties to ensure an informed decision. Whether you are a buyer or an investor, the Fraser Road Area has numerous opportunities for varied needs and budgets.