The real estate landscape across India is witnessing a significant upturn, and this trend is now firmly rooted in Guwahati as well. Known as the gateway to the Northeast Region, the city has become a burgeoning center for real estate activity.
While the real estate sector has been flourishing nationally for quite some time, it hadn't translated into similar successes across the Northeast States like Assam until recently. This scenario is now shifting, with cities like Guwahati emerging as prime destinations for real estate.
Experts have indicated that Assam has risen to prominence as one of the top investment locations in the country, largely owing to the dynamic growth of Guwahati, formerly the capital of the state.
Guwahati is progressively establishing itself as a hotbed for investment opportunities. The city serves as the commercial and trading hub of the Northeast, which has, in turn, opened new avenues for real estate developers. As a result, various shopping malls and other commercial establishments are being constructed to cater to the growing demand.
In addition to commercial development, there’s a parallel increase in high-quality residential projects, with multiple star-rated hotels also dotting the cityscape, consequently giving a boost to the overall real estate ecosystem.
A local developer shared insights on the growing appetite for both residential and commercial properties, a sentiment echoed by the crowds that attended the recent three-day property show.
The recent property show, host at the Maniram Dewan Trade Centre and organized by AREIDA, has been touted as a tremendous success, attracting a favorable response from both buyers and investors alike. The presence of major multinational corporations (MNCs) at the event showcased a variety of projects from local developers, further enhancing the appeal of the city.
Northeast India, as a region, is currently undergoing an economic revival, generating positive sentiments among investors. More potential investors are setting their sights on Guwahati, recognizing it as an optimal location for investment. Consequently, property prices are gradually beginning to rise, signaling an exciting period ahead.