Guwahati

Guwahati is the largest and most important city of Assam. It is one of the beautiful cities of Asia and considered as the gateway to the north eastern states. According to a survey, Guwahati is among one of the rapidly emerging cities of India. The city has witnessed unexpected rise in the population in past few decades. With the population of 2 lakhs in 1971, the city is a million plus city today. It is also the educational hub of north-east India having world class institutions such as IIT.

Real Estate Scenario
The real estate market of the city is increasing at a steady rate. The local developers are working on a number of commercial as well as residential projects. Also several multinational companies, specially in the banking sector, have established regional head offices in the city. The wizards of the banking sector, ICICI, HDFC and others have their offices along the GS road, the busiest part of the city.

Commercial Real Estate
The city has got a good commercial prospect. The retail market is the most organized and developed sector in the city. Major food & beverage chains, like Barista, Baskin Robbins, Cafe Coffee day have their shops in the city and other like McDonald's are searching for large space to open their stores. Big Bazaar, the retail section of Pantaloons is planning to open their outlets shortly. Most of the retail developments are going on the busy GS road. Fancy Bazaar, Pan Bazaar and Paltan Bazaar are the traditional centers of retail markets. Ganeshguri is other such place where the commercial activities are spreading rapidly. Some important commercial projects in the city:

• A 56,000 sq. ft. construction of Divine Plaza is almost complete and ready to be opened shortly in Ganeshguri.
  
  
• Vishal Megamart is operating at Paltan Bazar on 40,000 sq. ft. of area.
  
  
• Another major shopping center, Hub, is operating at Bhangagarh on 40,000 sq. ft. of area.
  
  
• Multiplex culture is also growing in the city as a result of which a multiplex, Dona Planet, is under construction on 0.3 mn sq. ft. of area.
  
  
• Another such project on 56,000 sq. ft. of area, Divine Plaza, is likely to be completed shortly. These shopping malls and mega-stores are attracting huge crowds showing good signs for the future commercial market.
  
  
• The CBD of the city, Ulubari,and Bhangagarh, both along the GS road are home to offices of several top MNCs and big companies.

Residential Real Estate
The premium locations of the city are packed with residential apartments and houses. They have attained the saturation level and are unable to fulfill the demand of rising residential needs. Due to it the residential construction has shifted from central city to the outskirts locations. Basistha, Beltola, Khanapara, and Zoo-Narengi Road are the alternative destinations. Among the notable residential projects, the Guwahati Metropolitan Development Authority (GMDA) established a games village at Sarusajai along the NH-37. The project covers 0.78 mn. sq. ft. of built space and comprises 700 residential units. Brahmaputra Constructions is coming up with another large scale residential development at RG Baruah Road, which will comprise of 150 apartments.

Future Outlook
24% urban population of Assam resides in Guwahati. The city is a major center for the large scale migrants from the north-eastern states. The last four-five years have seen a number of infrastructure development and construction projects in the city. The retail market is also getting substantial profits, which draws the attraction of a number of national level retail corporations and international brands to open their outlets in the Guwahati market.