Table of Contents
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Stable Property Rates
The average rate of properties in Shillong is at ₹8,000 per square foot. Year over year, it has registered -14.4%. That makes it stabilized for the price value of properties. This, hence, presents an opportunity to a buyer or an investor.
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Sustainable and Green Buildings
A request for green and energy-efficient buildings is surging across India, and Shillong is on the list. Developers are embracing sustainable construction practices to attract environmentally conscious buyers.
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Technology Integration in Real Estate
It presents a new phenomenon in real estate related to PropTech innovation such as virtual tours of properties and analytics that uses AI. This integration is shaping the buying and selling experience into what it would be like in Shillong.
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Affordable Housing
Affordable housing still presents the major issue to the real estate market of India. Affordable housing in a city like Shillong is promoted by government policies and initiatives.
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Co-Living and Rental Market Growth
Co-living and rental housing markets are growing due to the requirement of flexible living among young professionals and students. The same is noticed in Shillong also.
These trends show the dynamic and changing scenario of real estate in Shillong, under the influence of sustainability, technology, affordability, and changing lifestyles.