Realty sector in West Bengal on growth phase

In West Bengal’s gloomy economy, the realty sector is one of the fastest growing sectors according to the experts of the real estate sector. The Best Western, world’s largest hotel chain is positive and buoyant about the state’s real estate outlook. In the era when the industrialist are worried about the slow pace of reforms which is hitting the industrial renaissance in Bengal, the business of real estate is growing by leaps and bound. India president and chief operating officer of Best Western said that hotel business is expected to grow by 10-15 per cent pan India and a faster growth rate is expected from eastern India. 

He also said that earlier in eastern India there was gap in demand-supply in the hotel business but it is expected that it will enjoy a good rate of growth in coming five years. In 2012, the west Bengal real estate is likely to grow at a rate of 15 to 20 per cent. By the end of March next year Best Western is planning to open a hotel of 150 rooms near Airport. They are also looking for properties in smaller cities of Bengal. The real estate sector of Bengal is definitely contributing to Bengal’s economy.