Guwahati is a prevalent city in Assam. It lies on the banks of the Brahmaputra River. The city is a natural hotspot with several rare animals and birds either residing here or regularly visiting it, making tourism a significant contributor to its economy. Get the details about this beautiful city in this article.
Guwahati is witnessing a significant increase in investment in the city’s real estate market. The chief causes acknowledged are the growing population and heightened commercial construction. A significant amount of investment in infrastructure projects is coming in from both the center and private investors.
High-end real estate development is in great demand because many organized retail chains and multi-national companies are setting up stores and offices respectively in the city. The construction of shopping malls and multiplexes is also on the rise.
Guwahati is a major commercial, educational, political, and cultural center of the east and especially the north-east. Several reputed educational institutes such as Gauhati University and the Indian Institute of Technology, Guwahati are situated here. The city’s view on various political matters also holds great importance for the region. Besides, the city is a cultural hotbed.
Owing to the city’s multi-dimensional nature and great diversity, the nature of development in Guwahati is multi-faceted. It’s currently one of the fastest developing cities in India and displays plenty of promise for its residents, both in terms of infrastructure and real estate development.
Guwahati hosts the Maniram Devan Trade Center, a trade center responsible for the promotion of trade and commerce in Assam. The city has the Guwahati Stock Exchange (GSE). Currently, 290 companies are listed in the GSE. When it comes to trade and commerce, Guwahati is the mainstay of North-East India.
Guwahati is also at the center of major wholesale distribution in addition to being the retail and marketing hub. Assam tea is the major commodity under auction at the Guwahati Tea Auction Center, which is one of the largest tea trading centers in the world.
Guwahati has very good air connectivity with most of the major airlines. Guwahati Junction is the major railway station in the city. It is also the headquarters of the Northeast Frontier Railway zone of the Indian Railways. The city is serviced by two other railway stations, Kamakhya Junction and New Guwahati (for freight services). Guwahati is well connected to major cities like Bengaluru, New Delhi, Mumbai, Patna, Hyderabad, and Chennai.
Two national highways - NH 31 and NH 37 - connect Guwahati to the surrounding states and cities. Bus services are provided by both the government-run Assam State Transport Corporation (ASTC) and private operators. The popular buses operating in the city are luxury coaches and night supers, operating overnight. Guwahati is connected by road to the other regions of the northeast by the Inter-State Bus Terminus (ISBT).
ASTC and private operators offer bus services to the different areas within the city. Trekker services, rickshaws, and three-wheeler auto-rickshaws are the other popular means of traveling within the city by road.
The infrastructure in Guwahati is impressive, although there is scope for further development. The city is now brimming with modern bungalows and apartments, modern shopping areas and malls, and competitive residential and commercial real estate overall. The sports infrastructure in the city is a highlight as it features the Nehru Stadium, Indira Gandhi Athletic Stadium, and many other stadia in key localities in the city.
Guwahati is set to receive city development funds from Jawaharlal Nehru National Urban Renewable Mission (JNNURM) and financial assistance from the Asian Development Bank. Developing transportation and utility infrastructure is now receiving great emphasis. The Airports Authority of India (AAI) is planning to make Guwahati a hub of air connectivity after the modernization plan for the airport is complete.
Besides education, Guwahati is famous for its healthcare infrastructure, which includes both government and private specialty hospitals and centers of research.