Overview of Parsa, Patna

Location and Accessibility

Parsa in Patna is a favored locality for its excellent accessibility. It lies close to key landmarks and major roads, including Patna Gaya Road, boosting its connectivity.

Property Rates

• You can expect the average property cost in Parsa to be around Rs. 6,112 per square foot.
• Comparatively, places nearby, such as Bailey Road, have prices around ₹6,200/ sq.ft. while Saguna More is at ₹5,350/ sq.ft..

Types of Properties Available

• Parsa offers you a variety of property options, from standalone houses to multistorey apartments, both for sale and rent.

Rental Options

• You'll find 1 BHK rental houses here, starting rents around ₹6,000 per month. These are in upscale areas, offering good amenities.

Amenities and Infrastructure

• Parsa provides ample parking space, which is a big bonus for residents.
• It is close to many popular societies and landmarks, resulting in a well-developed infrastructure and improved quality of life.

Market Trends

• Over the last year, property values in Parsa and nearby regions have gone up. Bailey Road has seen a rise of 4.2% and Saguna More an increase of 1.9%.

Pros and Cons

Pros

• Strategic Location: Being close to major roads like Patna Gaya Road, Parsa is extremely well-connected.
• Property Variety: There's a good variety of assets available, including standalone homes and multistorey buildings.
• Amenities: Expect to find enough parking and be near some popular societies and landmarks.
• Growing Value: Over the past year, property values in this area have been appreciating.

Cons

• Higher Prices: Even though costs match nearby areas, they might still seem high for some buyers.

PropertyWala's Conclusion

Parsa, in Patna, stands out as a top choice for buying or renting, owing to its strategic spot, variety of property types, and rising property values. With benefits like good parking and close proximity to major roads and landmarks, it's excellent for both investors and people looking to live here. Yet, it’s worth considering that these properties can be on the costly side. Overall, Parsa gives a blend of convenience, quality of life, and chances for long-term return.