Overview of Fancy Bazaar, Guwahati

Location and Connectivity

Fancy Bazaar is a bustling commercial and residential area situated in the north-west part of Guwahati. The area is well-linked to various parts of the city through major streets such as SRCB Road, Jail Road, SS Road, and MG Road. It's very close to Guwahati Railway Station (around 2 km away) and Lokpriya Gopinath Bordoloi International Airport (about 21 km away through Assam Trunk Road and NH 17).

Infrastructure

• Physical Infrastructure: The area features top-notch physical infrastructure, offering access to major roads and highways.
• Social Infrastructure: Fancy Bazaar is close to multiple educational institutions like Pragjyotish English High School, Shrimanta Shankar Academy Senior Secondary School, and Don Bosco School. It's also near various healthcare centers including Sarvodaya Niramoy Hospital, Mahendra Mohan Choudhury Hospital, and Civil Hospital.

Real Estate Demand and Trends

Fancy Bazaar has seen considerable demand in real estate in recent times. Here are some important points:

• Property Prices:
  • Starting price: Rs. 4,285 per sqft.
  • Average price: Rs. 5,413 per sqft.
  • Most expensive properties priced up to Rs. 6,500 per sqft.
• Property Types: The area offers diverse housing options, from low-rise to mid-rise buildings, apartments, and builder floors. Commercial options include showrooms, shops, and office spaces.

Amenities and Lifestyle

• Shopping and Retail: Fancy Bazaar is famous for trendy accessories, designer clothes, silk sarees, and home decor items.
• Employment Hubs: The locality is close to several employment hubs, including the mini industrial estate at Kalapahar, housing companies like Bhagwati Steel Company, Godrej Consumer, and Nea Plast Pvt Ltd.

Pros and Cons

Pros

• Excellent connectivity to main transportation hubs.
• Strong social and physical infrastructure.
• Close to educational institutions and health care centers.
• Central location with easy access to shopping and employment hubs.

Cons

• Limited parking space in the area.

Property Rates and Trends

• Year-on-Year (YoY) Growth: Property rates have dropped by 0.75% for the last year.
• Price Range: Residential units available range from ₹1.8 Cr to ₹2 Cr, and commercial properties are also available.

Property Options

• Residential Properties: Options include apartments and builder floors.
• Commercial Properties: Available commercial spaces include showrooms, shops, and office spaces.
• New Projects: Several new projects are underway, offering modern amenities and facilities.

PropertyWala's Conclusion

Fancy Bazaar, Guwahati, makes an appealing choice for buyers and renters, thanks to its strong connectivity, sturdy infrastructure, and central location. While the lack of parking space is an issue, the area offers a range of property options. The market is relatively stable, making it a good time to invest or buy residential or commercial properties.