Assam is a beautiful north eastern hilly state located south of the eastern Himalayas in India. Dispur is the capital of the state, while Guwahati is the most important town. The state is well known for its tea garden, petroleum resources, and its rich biodiversity. The state is also enriched with sources of coal, and natural gas. The abundant natural resources helped Assam to establish integrated townships in major cities like Bongaigaon, Duliajan, Jorhat, Moran, Margherita, Namrup, and Numaligarh.
Real Estate Scenario The real estate industry of Assam is going through good phase, which is largely due to the success of industrial policy of the state government. The state government is encouraging private sector companies to invest in industrial sectors and infrastructure developments. Also the North East Industrial Policy of central government attracted a number of MNCs to invest in oil, natural gas, coal, and fertilizers industries. Availability of cheap land and labor in Assam has created competitive environment for foreign direct investment in different sectors like infrastructure, energy, health, agriculture, and agro-business. These progressive ongoing workouts made the possibility of large scale real estate development in Assam.
Commercial Real Estate The demand of commercial properties in important cities of Assam is increasing at a rapid rate. Guwahati, the most important town of Assam and the gateway to the north-east, is the commercial hub of the state. Dibrugarh, Tinsukia, and Sibsagar are the major centers of north Assam from commercial point of view. Some other cities like Silchar, Goalpara, Lakhimpur, Nalbari, Naharkatiya, Kokarjhar, Nagaon are connected with tea gardens or plywood industry and possess major potential to groom as the commercial cities in near future.
Residential Real Estate With such a large scale industrial and commercial development around the state, the state is also seeing the boom in residential sector. The increasing population and migration of people from other north eastern states are creating huge demand of residential properties in different cities of the state. Also the increased purchasing power of middle class people has created the demand for luxurious apartments, and residential colonies. The big names of real estates are searching for good options to large scale investment in residential as well as in other sectors.