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Soaring real estate in Bihar: irrational exuberance?

    ladder without support? Patna: according to reports, land prices in Bihar continue to soar and the registration department is now able to show collections beyond its wildest dreams. Notwithstanding the confusion over rates of property in and around the state capital, the volume of revenue collected by the registration department in lieu of sale of land and apartments has registered a 50% growth, compared to the same corresponding period last year. According to the statistics of the registration department, the state had earned Rs. 653.51 crore as revenue from the sale and purchase... 

Bihar Migration down 30%, causing labour shortages elsewhere: Why?

Bihar Migration down 30%, causing labour shortages elsewhere: Why?   Migrant: no longer running! New Delhi: a number of reports in recent times have focused on Bihar’s growth story for an interesting reason – not to sing the Bihar success story all over again but to go into some details of its ripples felt in other parts of the country. One major unintended consequence of Bihar’s growth is shortage of labour of many types and skill levels in distant Bangalore, Surat or Punjab. The reason for this is the habitual Bihari migrant is now showing reluctance to move out of the state. As part... 

Motihari, despite the small town tag to have 3 shopping malls: you can now say ‘WOW’!

Motihari, despite the small town tag to have 3 shopping malls: you can now say ‘WOW’!   Dwarika City Center: Shopping Mall cum Entertainment hub, Muzaffarpur Motihari: everyone has noticed in recent past – the sleepy little towns of Bihar are not sleepy anymore and even the village bazaars and Kasbahs in Bihar show signs of the urban rate race. Typically now, on an early morning in a village Bihar you now see rows of commuters on bicycles, motorbikes and autos rushing to work in nearby town offices and shops. And to top all such changes, shopping mall culture has now hit small town Bihar... 

Chhapra takes a lifestyle plunge: into the world of apartment culture

Chhapra takes a lifestyle plunge: into the world of apartment culture Chhapra: now wants to be like Patna, Delhi! Chhapra: according to the latest reports in the Hindi press, now the town of Chhapra has decided to take to apartment style of living. The initiative has been taken up by the Eden group whose founder Sachidanand Rai recently had the bhoomi poojan ceremony performed in the Katahari Bag locality. The group founder used the occasion to make a list of impressive announcements. The company will make a start with two six-storied buildings with 48 flats each that will have 2-3 rooms. The flats... 
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