Overview of Lokhra, Guwahati

Location and Amenities

Lokhra in Guwahati is a growing area that combines residential, commercial, and infrastructural development. It connects well to various amenities like schools (e.g., Tsangpo Valley Academy) and hospitals (e.g., Critical Care Hospital & Research Institute). Other vital services add to its appeal for both buyers and renters.

Property Prices

• Average Price per Sqft: Properties in Lokhra cost around ₹5,602 per sqft. Starting at ₹4,230 per sqft, prices range from ₹3,619 to ₹5,140 per sqft.
• Starting Price: From ₹4,230 to ₹79 lakhs

Types of Properties Available

• Residential Properties:
  • Apartments: Different configuration options are available such as 1 BHK, 2 BHK, and 3 BHK flats ranging between ₹35 to ₹79 lakhs.
  • Independent Houses: Some standalone homes exist nearby.
• Commercial Properties: Suitable office spaces, shops, and warehouses are available.

Rental Options

• Rental Rates: Rates for residential properties float between ₹13 and ₹25 per sqft, depending on the location and amenities.
• Furnished Options: There are both fully and semi-furnished properties for rent catering to numerous budgets.

Market Trends

• Year-over-Year Changes: Property rates in Lokhra have dropped by 5.23% over the past year, creating a somewhat buyer-friendly market.
• Current Market: Buying and selling properties here can be profitable under the right conditions.

Infrastructure and Development

• Ongoing Projects: Many properties are currently under construction, promising ongoing growth and development, with some possession dates extending into August 2029.
• Neighbouring Areas: Lokhra is part of a larger urban development area including places like Ahom Gaon, Sarusajai, and Jyotikuchi. This diversity offers various lifestyle options.

Conclusion

Lokhra in Guwahati offers a promising real estate market blending affordability and luxury options. Proximity to crucial amenities, ongoing projects, and market trends highlight it as an appealing place for prospective buyers and renters. However, it’s important to consider the specific location and surrounding area to assure it fits your desire and budget. With proper research and advice, buying or renting in Lokhra could be a smart business for those interested in this dynamic locality.