People have long associated Assam with tea gardens, beautiful natural scenery and greenery. This state is famous for the quality of its tea not only in the country, but all over the world. For a long time, Assam's economy was dependent on the tea industry. People worked on plantations for employment and their lives were connected with them.
But now the time is changing. Today Assam is not limited only to tea. The real estate sector is growing rapidly. Where earlier people used to live in small houses or colonies, now big apartments, modern townships, malls and office complexes are being built. This change is not limited to big cities like Guwahati, but is also visible in small towns. This development is becoming the new identity of Assam.
Real Estate Tour of Assam: From history to the present
If we look at history, real estate was of no great importance in Assam. People were mainly dependent on agriculture, especially tea cultivation. It was a means of livelihood and employment. Tea gardens became the identity of Assam from the time of the British and this situation remained for a long time.
As time went on, things began to change. Education spread, trade increased, and people adopted a new way of life. Now they did not just need a place to live, but houses with good facilities. Gradually, urbanization began in cities like Guwahati. Government offices, educational centers, and commercial hubs began to form. All this strengthened the foundation of real estate.
Why is Assam's real estate changing?
There are many reasons for the rapid growth of real estate in Assam.
- The first is population growth. As opportunities for employment and education increased, people began to move from the villages to the cities. This increased the demand for houses and apartments in the cities.
- Another reason is the infrastructure. The state government and the central government launched several major projects to connect Assam. Schemes like new airports, wider roads, bridges and even metros are also boosting real estate.
- The third reason is investment opportunities. Earlier, investors did not consider North East India as a safe bet. But now the atmosphere has changed. Both domestic and foreign companies are investing in Assam. This has increased the scope of real estate.
- The fourth reason is government schemes. Projects like Pradhan Mantri Awas Yojana helped common people get affordable houses. At the same time, smart city projects have given a modern look to cities.
Guwahati: Real Estate Hub of Assam
Guwahati is considered to be the biggest real estate hub of Assam. The city is a centre of education, trade and tourism. Many big apartment complexes, malls, hotels and office spaces have been built here. The biggest strength of Guwahati is its geographical location. It is considered to be the gateway to not only Assam but the entire North-East India. This will make transportation and trade easier. That is why big companies and investors prefer Guwahati.
Moreover, there has been a rapid expansion of education and health facilities here. People want a safe and modern life, and Guwahati offers them all of that. That is why real estate prices here are constantly rising and it has become the most attractive place for investors.
Development of other cities and towns
Real estate is not limited to Guwahati alone. Cities like Jorhat, Dibrugarh, Silchar and Tinsukia are also developing.
- Jorhat - This city is the center of education and culture. The number of students and employees are increasing. As a result, the demand for apartments and hostels has increased.
- Dibrugarh - Despite being a big center of tea industry, this city is now known for hospitals, colleges and new townships.
- Silchar - The city is the commercial centre of the Barak Valley. Along with small houses, commercial buildings are also being built at a rapid pace.
- Tinsukia - Business and industry are booming. People are now looking for new homes for modern living.
Advantages of real estate
The development of real estate in Assam has brought many benefits.
- People are getting better housing.
- New employment opportunities will emerge.
- The investment climate in the state has improved.
- The infrastructure and facilities of the cities have improved.
- Access to education and health care has improved.
Challenges ahead
But real estate development is not easy. There are many challenges too.
- Shortage of land The land in cities is limited, due to which the prices are increasing very fast.
- Impact on environment The construction work is putting a lot of pressure on the environment. Trees are being cut and greenery is decreasing.
- Lack of planning Many times buildings are built without proper planning, which increases problems like traffic and water.
- Economic inequality Not everyone is able to afford a modern apartment or township. This can create a divide in society.
Future prospects
The real estate of Assam will grow even faster in the coming times. Here are some such possibilities that can give a new direction to the state.
- Smart City projects: Guwahati and other cities are being developed as smart cities. This will greatly benefit the real estate sector.
- Expansion of tourism: Assam is famous for tourism. As tourism increases, so will the demand for hotels, resorts and guest houses.
- IT and education sector: IT parks and new universities are opening in Assam. This will increase the number of students and professionals and demand for accommodation will increase further.
- New investment opportunities: The central and state governments are working together. This will give a boost to the real estate sector.
Read More:- Real Estate Boom in Assam: New Hubs Emerging
Conclusion
The identity of Assam was once associated only with tea gardens. But now the state will also be known for modern townships, apartments and business hubs. From Guwahati to Dibrugarh and Silchar, real estate is expanding everywhere.
Although challenges are also present, if the right planning and work is done keeping in mind the environment, then the real estate of Assam can become an example in the country. In the future, this state will not only be tea for, but will also be recognized for modern cities and better lifestyles.
