NEW DELHI: Ambuja Neotia Group plans to invest over Rs 15,000 crore in West Bengal over the next five years. The investments will span across healthcare, hospitality, tourism, residential and commercial real estate, and golf-themed township.
Harshavardhan Neotia, chairman of the company made the announcement during the eighth Bengal Global Business Summit held in Kolkata.
The company aims to deliver 10.5 million sq ft of built space across residential and commercial sectors over the next four to five years. It will be investing Rs 6,500 crore across nine real estate projects.
It will invest Rs 5,000 crore on a golf-themed township. The 240-acre project has been in planning for several years, and preliminary development has begun.
With an investment of Rs 1,500 crore, the company will be setting up five new hospitals across West Bengal — three in Kolkata, one in Durgapur, and one in Siliguri. These greenfield projects will add 1,300 beds, with two hospitals already under construction and the remaining three set to commence work within the year.
The group plans to develop seven hotels in key destinations such as Darjeeling, Kalimpong, Lataguri (Dooars), Digha, the Sundarbans, Shantiniketan, and Raichak. These will add 600 five-star rooms at an investment of Rs 1,200 crore.
Additionally, two convention hotels will be developed in Kolkata and Siliguri, comprising 800 rooms, with an investment of Rs 1,500 crore.
