West Bengal Real Estate – Offering Great Scope to Investors

West Bengal, the land of natural beauty and abounded by picturesque ponds, is situated on the eastern region of India. Apart from sharing its border with states like Sikkim, Assam, Orissa and Bihar, the state also shares international boundaries with Bangladesh, Bhutan and Nepal.The highly densely populated state, known for its penchant for art, literature and sports, has many beautiful cities for the tourists to visit. Some of the prominent cities are: Kolkata, Darjeeling, Kalimpong and Sunderban.

Ruled by the Left parties for decades, the state was earlier most infamous for its trade unions and anti-industrialization stand. But, now the state is on an image makeover with its forward-looking Chief Minister Buddhadeb Bhattacharjee, who is embracing industries and seeking investors with open arms to change the face of West Bengal.

And Buddhadeb Bhattacharjee’s economic reforms initiatives have worked wonder for the state as major firms from a wide range of fields are queuing up to set up their firms in the state, which has made the real estate industry of West Bengal as one of most sought after ones.

Kolkata, the capital of West Bengal, is the major commercial and industrial hub of the eastern India. Well connected with the rest of India through rail, road, air and sea routes with other nations makes Kolkata a business hub.

Apart from all the national and international firms, Kolkata, is also an educational hub that attracts students from all the eastern states making it an appropriate place for people to settle down—boosting the West Bengal’s real estate market.

Howrah is another city that is high on real estate developers’ radars as it is the industrial hub of West Bengal and is best suited to invest in the real estate here in any form.

And for those peace loving souls, who want to have their abodes at the foothill of a verdant valley can scout for property, houses, apartments or villas’ in Darjeeling— “The Queen of Hill Stations”, where the property rates are always on the upward move.

Upcoming Property Projects in West Bengal

West Bengal Map
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With Tata’s inking the Singur deal to set up the much hyped Rs. 1 lakh small car producing unit has opened a hot new avenue for real estate developers both for commercial and residential purposes. From here on, one will just have wait and watch the skyrocketing rates of properties in Singur and in its adjoining cities.

Real estate major DLF and West Bengal government have entered into an agreement to build a township and an industrial hub at Dankuni in the Hooghly district to be known as Dankuni World Township. The public-private partnership (PPP) project will be built on 4,840 acres of land at an estimated cost of Rs 330 billion. Employing around 400,000 people in the project, it will be in the next 15 to 20 years.

A multi-product special economic zone (SEZ) spread over 400 acres is being set up in Siliguri by the Videocon Group at an estimated cost of Rs 100 crore.

The Kolkata Metropolitan Development Authority (KMDA) has joined hands with the Merlin Group to build a stadium at Rajdanga, Kolkata, which will cost the state government Rs 100 crore.

Indianrealtynews.com brings you the major hot and happening information from the most talked about sector of West Bengal– real estate. To avail city-wise details, please click on the desired city.

Cities & Districts of West Bengal
North Dinajpur
Hooghly (Hugli)
South Dinajpur
Jalpai Guri
24 Parganas South
Koch Bihar (Coochbehar)
24 Parganss North