| Guwahati has experienced significant investment in real estate and property. Guwahati is the most important city in the north-east, at least commercially. It is a trading, retail and transportation hub that connects to different states and
regions of the north-east India. Hence, Guwahati is often referred to as the 'gateway to the north-east'. Real estate is in high demand in Guwahati due to several reasons. Chief among them are increase in population of the city and construction of residential and commercial property in various parts of the city. The total population of Guwahati is expected to be more than a million by the year 2010. A lot of people from neighboring towns, even from other states, have set up businesses and residences in the city. This has further increased the prices of real estate and property in Guwahati. Several new apartments and commercial complexes are being constructed in several places of city, particularly in key locations of the city such as along G.S. Road, R.G.B. Road, Dispur, Beltola, Six Mile, etc. The established retail markets of the city are concentrated in Fancy Bazaar, Pan Bazaar and Paltan Bazaar. Property prices in those places are expectedly very high. Average monthly rent for commercial/office space can be anywhere from Rs 40 to Rs 80 per square ft. Guwahati has zonal headquarters of several institutions including several banks. High end real estate is in great demand as a lot of multi-national companies, organized retail businesses are setting up offices and shops in the city. Like many other cities of India, modern shopping complexes, multiplexes, etc are being built in key locations of the city, such as along G.S.Road. The areas on the outskirts of Guwahati are also experiencing increase in real estate and property prices. Construction activities are rife in areas such as Jalukbari (near LGB International airport), Beltola and Lokhra that are situated on the outskirt of Guwahati.
More facts about Guwahati The name Guwahati is derived from two Assamese words: 'guwa' and 'haat'. 'Guwa' means areca nut and 'haat' means 'market place or bazaar'. Guwahati Tea Auction Centre is one largest tea auction centre of the world, where famous Assam tea is auctioned. |
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