The real estate of Meghalaya is coming up as viable place for real estate investment with the improvement in basic infrastructural facilities. Also known as ‘Abode of clouds’, Meghalaya is the most beautiful state among the seven sisters of northeast region. The beautiful lakes, falls, hillside cottages and famous Bara Bazaar add to the charm of this magnificent state. Salubrious climate and picturesque views of Meghalaya make it a perfect tourist destination and an ideal investment in Meghalaya properties. This hilly region has a huge potential for commercial real estate like hotels, resorts, shopping complexes, entertainment zones and restaurants. The scope for residential real estate is also worth mentioning with the emergence of residential flats, apartments, cottages, bungalows etc.
Shillong the capital city of Meghalaya has huge potential for property development, thus providing an edge to Meghalaya property. Other cities like Cherrapunji, Umiam, Jowai, Ranikor, Balpakram, Tura, Khliehriat, Williamnagar and Nongstoin are also emerging as good places to invest in Meghalaya real estate. Development in technical education, sanitation, water supply and social welfare are preparing ground for the development of property in Meghalaya to take off. With the help of foreign investment banks various commercial property and residential property development projects are on charts and will provide beneficial property investment opportunities in near future.