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Patna,(BiharTimes): How many investors have really come to Bihar or its capital, Patna, is all together a different story for the state government to tell, the sudden ‘boom’ in real estate business has made life extremely hard for the lower-middle class professionals such as painters, writers, poets, journalists, teachers, and all those who have not got the benefit of the Sixth Pay Commission. This is not to speak about those living below the poverty line.
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The rise in price of land and apartments have an immediate impact on the rent of the flats as well as residential houses. In the last few years their rent has more than doubled.
There are many instances of tenants facing eviction ‘order’ from the landlords as they want to give flat to other renters at much higher rate. One of them is a Hindi language journalst, who is busy looking after other house.
A tenant of a small two-room flat in Boring Road recently faced a similar situation. He was paying Rs 5,500 per month. One fine morning the landlord asked him to vacate the house. Sensing the mood of the landlord, the gentleman offered him Rs 11,000 per month.
But the house-owner insisted ultimately forcing the renter to leave. A few weeks later he came to know that the same flat has been rented out at Rs 15,000 per month.
Similar is the situation in the number of big apartments in the vicinity of Gandhi Maidan.The rent is no less than Rs 10,000 to 12,000 per month. Even in the interior areas of Patna Eastm Danapur, Raja Bazar and Phulwari the rent is shooting up like anything.
The tragedy is that the renters are paying more rent even when life in Patna is getting miserable. Even in the scorching summer, where there is no trace of rain, a number of lanes and by-lanes are flooded with water because the height of the roads have been increased by 18 to 20 inches. People of Patna City took to the streets recently to protest perennial water-logging in the localities. The irony is that it is being represented in the Bihar Assembly by Road Construction Minister, Nand Kishore Yadav.
It is not only the Non-Resident Biharis who are coming. Pressure is increasing on the state capital as, over the years, civic amenities have completely collapsed in other towns.A Patna College teacher used to commute from Gaya, his home town. As the college job has no such pressure he was doing so for quite sometime. Though his children were getting educated in a good school of Gaya he decided to shift to Patna. Reason: life became unbearable in Gaya.
Doctors, college and school teachers, other employees and professionals etc posted even over 100 kms from Patna have made the state capital their home as life in those places have virtually become hellish. In the last couple of years the situation turned from bad to worse.
All this has given a golden opportunity to the house-owners to mint fast buck. With no check by the state government on the runaway prices of land and house-rent life in Patna is becoming more and more difficult.
This high price of land, flats and rent of houses have its impact on the price situation in Patna. The rate of other goods and services have gone up astronomically.
Patna’s economy has always been flourishing on remittance money––from abroad and other states. With the passing of each day more and more money is being pumped into the state capital from villages and small towns of Bihar too. People are rushing here for the education of their children, treatment and better life. They are the best investors here, not the corporate houses.
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