Real estate business booms in Assam

Last Updated: Mon, Feb 25, 2013 07:20 hrs

The countrywide boom in the real estate sector is now visible in the northeast, especially in Assam, which has fast emerged as an investment hotspot.

Recently, a two-day property fair was organized by Housing Development Finance Corporation (HDFC) with an aim to bring real estate leaders and customers under one roof here.

More than 30 real estate developers participated in the event, not only from the Northeast, but also from Kolkata and Jaipur.

It is to be noted that Guwahati has been rated one the 100 fastest developing cities in the world. Many new building projects have come up in the city.

Guwahati has many shopping malls, showrooms, apartments and hotels. This change is also visible in other big cities across the northeast. With growing investment, especially by the private sector, the real estate market is reaching new heights.

The demand for both residential and commercial purposes is on the rise.

"Real estate has come up in a big way in Assam, especially in Guwahati. Many real estate developers and builders have come up, and there is a competition among the builders, which means quality has improved," said Anupam Bordoloi, Infinity Township Private Ltd.

"Guwahati has been growing so fast, now people are flocking to the city and Assam is one of the fastest growing states in the country so we are organizing such fairs to bring together the sellers, buyers and financers on one platform," said Diganta Baruah, organiser, property fair.

Earlier, there were only a few real estate developers in the city but now their number is around three hundred. And, with new commercial and residential projects, cities across the northeast will be transformed. (ANI)

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