Ambuja Neotia Group to Invest Over Rs 15,000 Crore in West Bengal by 2028
The Ambuja Neotia Group plans to invest over Rs 15,000 crore in West Bengal over the next five years, focusing on healthcare, hospitality, tourism, residential and commercial real estate, and a golf-themed township.
Real EstateHealthcareHospitalityTourismGolfthemed TownshipReal Estate NewsFeb 05, 2025
This ambitious plan was revealed by Harshavardhan Neotia, the chairman of the company, during the eighth Bengal Global Business Summit held in Kolkata.
The investments will span across multiple sectors including healthcare, hospitality, tourism, residential and commercial real estate, and a golf-themed township.
The company aims to deliver 10.5 million square feet of built space across residential and commercial sectors over the next four to five years, with a planned investment of Rs 6,500 crore across nine real estate projects.
One of the most significant projects is the 240-acre golf-themed township, which will receive an investment of Rs 5,000 crore.
This project has been in the planning stages for several years, and preliminary development has already begun.
The township is expected to be a major attraction for both residents and tourists, offering a unique blend of living and leisure.
In the healthcare sector, the company will be setting up five new hospitals across West Bengal.
These greenfield projects will be located in three areas of Kolkata, Durgapur, and Siliguri, adding a total of 1,300 beds.
Two of the hospitals are already under construction, and the remaining three are set to commence work within the year.
The total investment in healthcare will be Rs 1,500 crore.
The hospitality sector will see a substantial investment of Rs 1,200 crore, with the development of seven hotels in key destinations such as Darjeeling, Kalimpong, Lataguri (Dooars), Digha, the Sundarbans, Shantiniketan, and Raichak.
These hotels will add 600 five-star rooms, enhancing the tourist infrastructure in the state.
Additionally, the group will develop two convention hotels in Kolkata and Siliguri, comprising 800 rooms, with an investment of Rs 1,500 crore.
These hotels will cater to the growing demand for business and conference facilities in these regions.
The Ambuja Neotia Group is committed to contributing to the economic and social development of West Bengal, and these investments are expected to create numerous job opportunities and boost the local economy.
Frequently Asked Questions
What is the total investment amount announced by Ambuja Neotia Group in West Bengal?
The Ambuja Neotia Group plans to invest over Rs 15,000 crore in West Bengal over the next five years.
Which sectors will the investments cover?
The investments will span across healthcare, hospitality, tourism, residential and commercial real estate, and a golf-themed township.
How much built space does the company aim to deliver in residential and commercial sectors?
The company aims to deliver 10.5 million square feet of built space across residential and commercial sectors over the next four to five years.
What is the investment for the golf-themed township?
The golf-themed township will receive an investment of Rs 5,000 crore.
How many new hospitals will the company set up in West Bengal, and what is the total investment in healthcare?
The company will set up five new hospitals in West Bengal, adding a total of 1,300 beds, with a total investment of Rs 1,500 crore.
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