Real Estate Market Potential in Guwahati
The gateway of entire North East India, Guwahati is a prior destination for infrastructure development in the Northeast of India. As per the ‘Realty Summit organised by “Assam Real Estate and Infrastructure Developers’ Association” (AREIDA) where a number of builders, experts and investors from various places of India and abroad had attended, Guwahati is going to be the very good market place for Realtors. They can expect tremendous growth in the region for this sector. When we talk about the requirement of residential and commercial complexes, it is not far behind the rest cities of the country . Guwahati is in the track of fast socio-economic growth with the decline in insurgency activities in the region.
Assam’s capital city Guwahati is undoubtedly going to have the fast growing Real Estate market just like any other cities in India. It is due to the less-availability of lands and also due to huge number of people from other places searching for house rents and flats, even trying to build their own houses seeing the recent developments of city in last few years.
Facilities in Guwahati
Moreover, because of being listed as one of the 100 smart cities in India, Guwahati is going to have all the facilities just like any other metro cities. Additionally, a lot of prestigious institutions like IIM, IIT, GMC, AIIMS (Ongoing) that are getting instituted in Guwahati will increase the demand for real estate in Guwahati. Beautiful landscapes, temples, national parks etc. also contribute to the same.
Prime Minister Narendra Modi announced some of the best packages for the development of the North Eastern region during his visit back in 2015. He said developing the North East is his Government’s first priority. He also said, “India will develop only if the North East develops” which is clear from the following announcements he has made to bring the vision to reality.
Announcement for Economic Corridor:
North East India going to have a 3,246 km road length connecting Myanmar and rest all other Southeast Asian countries. It will give a huge positive impact on the development of the entire North East region.
Announcement of laying new railway lines:
There are number of tourist hot spots in North East. The region will have economic growth if more number of tourists pay visit to this region. To have the railway lines connectivity to these places, Prime Minister has announced Rs. 28.000 crore for laying new railway lines.
Announcement for Food Processing units:
The announcement to set up food processing units will bring a big change in the way farmers used to cultivate and grow crops in this region. Farmers who have stopped growing crops due to low MSP of agricultural produce in market and also due to lack of market demands, will now get encouraged to grow their crops. For the horticulture sector itself, Prime Minister Modi has announced a fund of Rs.16,840 crore. Government is going to set up 6 new agriculture colleges to promote organic farming for the purpose of making the region as organic capital.
Airport hangars at Guwahati airport:
Modi Government is all set to expand the Lokpriya Gopinath Bordoloi International Airport, Guwahati. As construction of airport hangar is on the list to meet the increased demands of air traffic in the region which is growing fast.
The Comprehensive Telecom Development Plan:
This will give better service to the citizens with increased reliability in the internet connectivity. Govt has the plan of Rs 5,336.18 crore expenditure in the region where the optical fiber networks will be provided.
Better Power System Improvement Project:
This project will strengthen the Intra-State Transmission and Distribution System. For this, Modi Government has the total estimation cost Rs 5,111 crore.
With the implementation of all the above announcements, North East youths are likely to get huge number of job openings. As Entire region is going to get the revolution in everything. Lot many houses and flats are likely to come up with increased demands of the buyers on account of increased opportunities in the region.
