A Study on Buying Behaviour of Individual Real Estate Owners in Guwahati City, Assam
Keywords:
Real Estate, property, GDPAbstract
The house becomes an integral part of life as the life of every individual starts from home. It is dream of every individual to own a house. Now a days one need not have ready cash also donot have to worry to own house. There are many financing institutions which give a helping hand in fulfilling one's dream of owning a house.
Real estate, as a general term, describes the built environment, which plays a vital role in every aspect of an economy, society and environment. Real estate sector plays a catalytic role in fulfilling the needs and demand for housing and infrastructure in the country and is an important pillar of the economy.
The Indian economy experienced robust growth in the past decade and is expected to be one of the fastest growing economies in the coming years. It has also been estimated that real estate contribution to India’s GDP is estimated to increase to about 13 per cent by 2028. Guwahati has been also become the business hub and largest city of Assam and the North-East.
This paper tries to examine the existing scenario of real estate in Guwahati. The paper also highlights the various factors influencing the buying behavious of individual real estate owners. The paper also tries to bring out the challenges faced by the individual real estate owners in the Guwahati city of Assam.
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