Guwahati is the economic hub of North-east India. In the last two or three years the real estate market has grown gradually in this region. In my opinion, the growth has been led by organized retail and residential projects.
According to experts, creation of integrated transport system, improvement of existing roads, a new bus terminus at Katabari and a logistic hub has played a prominent part in the progress of Guwahati real estate. Point to be noted here is that the National Games Village at Sarusajai, with about 700 apartments has played a pivotal role for new projects along the highway Housing
It has been noticed that state government is interested in developing the river front stretch from Kamakhya temple to Raj Bhawan (6 km) into a recreational hub by construction of embankments with Central funds. In addition, the government also plans to relocate all the wholesale markets outside the city at the logistic hubs and industries to an industrial park to decongest the city.
In terms of statistic, water supply and transport will get more than 50 per cent of the city investment plan under Jawaharlal Nehru National Urban Renewal Mission. According to sources, the state government is also evaluating the need for a mass rapid transport system. The pivotal factor here is that with saturation in central parts, there has been a shift to the outskirts, up to 10 km away from the city centre.
In my recent visit, I saw that large number of the retail space developments is taking place on GS Road in the form of stand-alone stores. Ganeshguri has come up fast as another important high street.