Ambuja Neotia and IHCL announce major hospitality investment in West Bengal

The Ambuja Neotia Group and Indian Hotels Company Ltd (IHCL) have announced a significant investment of approximately ₹2,700 to ₹3,000 crore into West Bengal’s hospitality sector. This capital will fund nine upcoming projects over the next five to seven years, expanding their existing portfolio in the state from 11 to 20 projects.

The investment includes the recent opening of AltAir House – IHCL SeleQtions in Kolkata and Siliguri. Other planned developments include the Taj Ananta Kutir and Taj Uvanta Signature Residences in Kolkata, the Taj Himya Kutir and Taj Himya Branded Villas in Darjeeling, and the Taj Terai Kutir in Siliguri. Additionally, ₹100 crore is allocated for the expansion of the Taj Chia Kutir Resort and Spa in Darjeeling.

Harshavardhan Neotia, Chairman of Ambuja Neotia Group, stated that the commitment reflects confidence in the region’s tourism potential, citing the diversity of West Bengal’s landscapes. Puneet Chhatwal, Managing Director and CEO of IHCL, noted that the partnership aims to advance tourism and expand the presence of IHCL brands across the region.