Invest in Patna

Patna is the capital city of the Indian state of Bihar. Situated on the southern bank of the holy river Ganges, the city is 25 km long and 9-10 km wide. With an approximate population of 1.8 million, Patna is the 14th most populated city in India and 168th most populous agglomeration worldwide. The city holds significant religious and historical importance. Patna ranks 5th among the fastest growing cities in India and 21st among the fastest developing urban area and city in the world.


Since long, agriculture has been the backbone of Patna's economy. Trade in agricultural products, such as sugarcane and grain, in processed or raw form, is one of Patna's staple businesses. This is because the state of Bihar has excellent resources for agriculture.


With time, the city has started giving due importance to other business prospects and is evolving from an agriculture-based city to a thriving service community. Today, it has become one of the essential hubs for business activities in the eastern part of India. The city has a well-designed and efficient educational system which provides good quality and extremely talented students to the workforce.


Transport Infrastructure:


Patna is a crucial and popular transit point for tourists from India and abroad. It is well connected by air, road and rail transport. Patna also has an international airport - Lok Nayak Jayaprakash Airport, also known as Airport Patna.


The National Highway 19 (NH19) passes through Patna and connects it to other Indian cities.


Patna is also a major railway junction. Through the rail network, Patna is well connected to other major Indian cities including Delhi, Kolkata, Mumbai, Chennai, Bengaluru, Hydreabad, Indore, Ahmedabad, Jaipur, Bhopal, Lucknow and Kanpur.


Although the state of Bihar ranks among the states with the least average income, Patna is one of the cities with the highest per capita incomes in the country.


With the improvement in the law and order situation in Patna, many prominent companies have set up their branches in the city. Many businesses are realizing the increasing purchasing power of the upper and middle classes of Patna. This has resulted in a real estate boom in Patna. Even in times of global economic crisis, the price for residential and commercial complexes has hit the roof.


The state government is planning to set up 4 new malls in Patna by the end of the year 2010. A large number of residential complexes are being established in Patna. Major retail companies are also planning to establish their stores in Patna. Many multinational companies such as TCS have also started their business in Patna.


With an increasing number of middle-income group households, Patna’s consumer market is expanding rapidly for Fast Moving Consumer Goods (FMCG) and other consumer durable items.


This is perhaps the best time to invest in the Patna Real Estate market, as real estate prices are certain to escalate after the development procedure of Patna is completed.


The World Bank, in June 2009, ranked Patna as the second-best Indian city to start a business.