Property in Bihar its Biggest opportunity for Future

Urbanization can be simply defined as the rise of cities vis-a-vis the rural landscape. As a country moves ahead on the road to progress, cities tend to take center stage. In that manner, the rise of cities has often been construed as an indicator of development and progress. The case has been no different when it comes to Property in Bihar. While the pace of urbanization was a bit slack in the early years post-independence, it has really picked pace in the past few decades, especially in the post-1991 phase. Coupled with economic growth and expanding markets, the urban population now stands at around 30% of the overall pie in India. Bihar lacks far behind the national average and the urbanization rate in Bihar is just 11.3% as of 2011.

Property in Bihar

The picture of an urban Bihar is far from rosy. From economic growth to demographic dividend in the form of a young population, Bihar has many things going for it. If Bihar desires to shed its “laggard state” tag planned urbanization needs to be given due attention. Upgrading existing cities and creating new ones are prerequisites for economic progress and they must take place in an organized manner.

Why Bihar needs more planned cities?

Urbanization in Bihar has been a victim of systemic inefficiencies and policy vacuum. While Bihar’s population is no doubt increasing, quality of life of citizens in urban areas is declining. Moreover, unchecked migration from rural areas is only putting further strain on the infrastructure in cities. The result is water and power shortages, lack of proper sewage collection and treatment, overburdened transport systems and unplanned constructions in cities like Property in Patna in Bihar.

Property in Patna

It is imperative then to not only create new ‘smart’ cities, but also upgrade the existing ones. Developing newer cities will bridge the rural-urban divide. This will in turn reduce social inequity, one of the biggest psychological benefits of planned urbanization that will incur in our state Bihar.

We in Bihar need to ensure that the process of urbanization occurs in a smooth and phased manner. A carefully planned city will attract investments, create jobs, have strong infrastructure, and most importantly, up the standard of living of its citizens. Going ahead, the contribution of cities to Bihar’s GDP will only increase. To adequately leverage this, Bihar needs livable and productive cities.

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