- Growth of Guwahati real estate market
Guwahati is a gateway to Northeast India. The boom in the real estate sector of the city is tremendous. The infrastructural development and urbanization have increased demand for residential as well as commercial property. The most precious area are central, that is Pan Bazaar and Fancy Bazaar. Dharapur and Kahilipara, peripheral areas will see appreciation once infrastructure develops.
- Growth in Demand for Economical and Luxury Houses
The residential market in Guwahati is expected to have significant growth with the rapidly increasing demand for affordable housing as well as luxury housing. The developers are targeting affordable properties on the outskirts of the city that offer a new buyer an affordable price without compromising on facilities. On the other hand, a rising preference for premium housing and gated communities in prime residential areas like Beltola and Kahilipara is observed.
- Growth in Commercial Realty
The commercial realty segment in Guwahati is experiencing rapid change. This is because office space demand and co-working hubs are also witnessing growth. National and International companies have lately started to set up offices, thereby increasing demand for office spaces in key commercial areas such as Ganeshguri, Paltan Bazar, and Fancy Bazar. Co-working spaces are also gaining popularity among startups, freelancers, and remote workers.
- Sustainable and Smart Housing
Sustainability is the new buzzword that would define the future of real estate in Guwahati. The developers come up with the rainwater harvesting systems, solar panels, and energy-efficient lighting in their construction. Smart homes, which have automated lighting, security, and climate control systems, also become very popular as an eco-friendly alternative for the eco-conscious buyer.
- Govt Policies Fueling the Growth in Real Estate
The Real Estate Regulatory Authority in Assam has been a policy which increased the transparency and accountability of the market, thereby augmenting consumer confidence. Pradhan Mantri Awas Yojana is an initiative to push affordable housing. Smart City Mission encourages projects with improvements of infrastructure in cities and living standards thereby fueling demand.
Such trends indicate that the real estate landscape in Assam, specifically Guwahati, is fluid. There could be many factors behind such a trend – urbanization, infrastructural development, and sustainability along with supporting government policies.
