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Ambuja Neotia Group has announced an investment of over INR 15,000 crore in West Bengal across real estate, healthcare, hospitality, and tourism. The company plans to develop 10.5 million sq ft of built space, including a 240-acre golf township worth INR 5,000 crore and nine real estate projects valued at INR 6,500 crore. The healthcare expansion will see five hospitals adding 1,300 beds, while seven new hotels and two convention hotels will boost tourism and business infrastructure. The investment is expected to create jobs, attract further investment, and contribute to the state's economic growth, with a focus on sustainability and smart development.
Ambuja Neotia Group has unveiled plans to invest over INR 15,000 crore in West Bengal over the next five years, with a strategic focus on real estate, healthcare, hospitality, tourism, and a golf-themed township. This investment is expected to significantly contribute to the state?s economy by generating employment, boosting tourism, and enhancing infrastructure. The announcement was made by the company?s chairman, Harshavardhan Neotia, during the eighth edition of the Bengal Global Business Summit in Kolkata. Advertisement
As part of its expansion, the group aims to develop 10.5 million sq ft of built space in the residential and commercial real estate sectors within the next four to five years. This includes an investment of INR 6,500 crore across nine projects. A major highlight of the plan is a 240-acre golf-themed township, with an investment of INR 5,000 crore. The project, which has been in the pipeline for several years, has now moved into its initial development phase.
In the healthcare sector, the group is set to invest INR 1,500 crore to establish five new hospitals across West Bengal. Three hospitals will be located in Kolkata, while the remaining two will be in Durgapur and Siliguri. These projects will add 1,300 beds to the region?s healthcare infrastructure. Two hospitals are already under construction, with the remaining three expected to begin development within the year.
The hospitality sector will also see significant expansion, with plans to develop seven hotels in key locations, including Darjeeling, Kalimpong, Lataguri (Dooars), Digha, the Sundarbans, Shantiniketan, and Raichak. These hotels, offering a total of 600 five-star rooms, will require an investment of INR 1,200 crore.
Additionally, the company will build two large convention hotels in Kolkata and Siliguri, with 800 rooms, at a cost of INR 1,500 crore. These properties are expected to cater to the growing demand for business and tourism-related events in the state.
This large-scale investment is expected to create thousands of direct and indirect jobs across various industries. From construction and real estate to hospitality and healthcare, the projects will provide employment opportunities for skilled and unskilled workers. The expansion of tourism and commercial real estate is also likely to attract further business investments into the state.
West Bengal?s focus on economic growth and urban development has positioned it as an attractive destination for investors. With its strong real estate portfolio, Ambuja Neotia Group?s investment aligns with the state?s broader vision of boosting infrastructure and economic progress.
The group?s commitment to West Bengal reflects the increasing appeal of the state for business expansion. The Bengal Global Business Summit has played a pivotal role in attracting investments, with real estate, hospitality, and healthcare emerging as key growth sectors.
Compared to other developers operating in the region, Ambuja Neotia?s diverse investment portfolio stands out for its scale and focus on integrated development. With rising demand for high-end hospitality and residential spaces, the group is well-positioned to meet market needs while setting new benchmarks in urban development.
Ambuja Neotia Group?s investment underscores West Bengal?s growing appeal as a business and tourism hub. By focusing on infrastructure, healthcare, and hospitality, the company aims to drive long-term economic growth while creating employment opportunities. The integration of sustainable practices in real estate and tourism development could set new benchmarks for responsible urban expansion. As these projects take shape, they are likely to enhance the state's attractiveness to investors and contribute to its overall progress in the coming years.
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