Growing Real Estate of Meghalaya

Resting on the Meghalaya Plateau and traversed by the Garo, Khasi and Jaintia Hills, Meghalaya in the north-east of India is a reservoir of horticultural and mineral resources. Inhabited predominantly by the Garo, Khasi, Jaintia Bhoi and War tribes, the state nevertheless offers a peaceful investment environment, directed by the state’s industrial policy of 1997.The policy strives to achieve balanced growth across the state through promotion of village and small scale industries, and aims to create a conducive environment for industrial development by providing basic infrastructural facilities and setting up industrial parks. It encourages the setting up of selective medium and large industries by utilizing the resource base of the state.

Foreign Direct investment (FDI) in Meghalaya has supported the state’s infrastructure – the Japanese Bank for International Cooperation (JBIC) has aided the renovation and modernization of the Umiam Power House at an investment of Rs. 1887 lakh. Technical education, water supply, sanitation and social welfare projects have also been assisted by the World Bank.

Meghalaya is a peaceful and progressive state offering a congenial investment climate with skilled and inexpensive labor. The state government is open to investment from the private sector.

Real Estate Development in Meghalaya

Map of Meghalaya
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The hilly terrain, the limestone caves and the cool climate have much to offer the tourist, and the Industrial Policy of Meghalaya has incorporated a tourism policy which promotes the “Tourism Unit” This is a project with a fixed capital investment of Rs. 60 lakh. Construction of hotels, motels, heritage hotels, Yatri Niwas Tourist Resorts and a golf resort are encouraged in the Tourism policy.

For the tourist, trekking, angling at Ranikor, water sports in Umiam Lake, an 18 hole golf course in Shillong, waterfalls and gorges in Cherrapunji, limestone caves in Mawsmai and Siju, the Thaklaskein and Naphak lakes, the Jakrem hot water springs and the Balakram sanctuary offer a delightful break from the typical sightseeing itinerary. Tourism infrastructure has been augmented at Shillong, Umiam, Cherrapunjee, Tura, Jowai, Khliehriat, Ranikor, Nongstoin, Balpakram and Williamnagar.

Commercial property in Meghalaya has seen setting up of the Export Promotion Industrial Park at Byrnihat with an investment of Rs. 14.50 crore and an Industrial Growth Centre at Mendipathar measuring 1182 hectares at Rs. 18 crore.

Industrial estates at Shillong, Mendipathar, Tura, Jowai, Williamnagar and Nongstoin offer industrial sheds and adequate infrastructure to entrepreneurs on lease at nominal rates.

The Barapani Industrial Area in Ri Bhoi district covers 44.13 hectares with a provision for housing of employees.

The state government has beefed up infrastructure with permanent bridges, an airport at Baljek, a railway line from Dudhnoi to Depa and from Digaru Azara to Byrnihat. It has augmented power generation to make it a power-surplus state. Bio-gas and solar water heating systems have also been experimented with very successfully. Meghalaya is linked by rail to Katihar in Bihar, Alipurduar in West Bengal, and Lumding and Tinsukia in Assam.

The Government has taken the initiative of constructing a Parking-cum-Shopping Complex in Police Bazar, Shillong, through the NBCC.

The Meghalaya Industrial Corporation invested Rs. 11.17 crore to 369 enterprises, and an additional 1603 units were set up under the PMRY; 2552 units benefited under Khadi and Village Industries Programme; and 677 units have been given incentives under the Industrial Policy.

Residential property in Meghalaya is characterized by charming cottages and independent houses, though the heart of Shillong has 2-3 storied homes and commercial complexes.

Shillong is already an important centre for education with good residential schools and the well-known North Eastern Hill University. With a well-read population and improved access to mainstream economic activity, the state has good potential for development.

Districts of Meghalaya
Cities of Meghalaya
East Garo Hills
East Khasi Hills
Jaintia Hills
South Garo Hills
West Garo Hills
The West Khasi Hills