Ambuja Neotia and IHCL Announce ₹3,000 Crore Hospitality Investment in West Bengal

The Ambuja Neotia Group and the Indian Hotels Company Ltd (IHCL) have announced an investment of up to ₹3,000 crore to develop nine new hospitality projects across West Bengal over the next five to seven years. The expansion is part of a broader ₹15,000 crore investment vision by the Ambuja Neotia Group spanning hospitality, healthcare, and real estate.

KOLKATA — The Ambuja Neotia Group, in partnership with the Indian Hotels Company Ltd (IHCL), plans to invest approximately ₹2,700 to ₹3,000 crore over the next five to seven years to develop nine new hospitality projects in West Bengal. Officials announced the joint investment plans on Saturday.

The upcoming projects will be distributed across multiple locations in the state, including Kolkata, Raichak, Digha, Siliguri, Lataguri, Kalimpong, and Darjeeling, according to Harshavardhan Neotia, Chairman of the Ambuja Neotia Group.

Alongside Puneet Chhatwal, Managing Director and CEO of IHCL, Neotia unveiled the AltAir House – IHCL SeleQtions in Kolkata and Siliguri. With these latest launches, the joint portfolio of Ambuja Neotia and IHCL in West Bengal stands at 11 operational projects. The completion of the nine planned facilities will raise the total count to 20 properties in the state.

Neotia stated that the investment figure encompasses the two newly launched hotels as well as a ₹100 crore expansion of the Taj Chia Kutir Resort & Spa in Darjeeling, which will add 28 keys and 15,000 square feet of banqueting facilities.

Key upcoming developments under the collaboration include the Taj Ananta Kutir & Taj Uvanta Signature Residences in Kolkata, featuring 248 keys and 354 apartments; the Taj Himya Kutir & Taj Himya Branded Villas in Darjeeling’s Ghoom, offering 57 keys and 10 villas; and the Taj Terai Kutir in Siliguri, comprising 140 keys.

Speaking on the broader corporate strategy, Neotia noted that the Kolkata-headquartered diversified group plans to invest around ₹15,000 crore across hospitality, healthcare, and real estate over the next five to seven years, with the hospitality commitment forming a direct part of this vision.

Puneet Chhatwal highlighted that the collaboration between Ambuja Neotia and IHCL currently spans a portfolio of over 80 properties nationwide, which includes 55 resorts operating under Tree of Life, an experiential leisure brand. Emphasizing the economic impact, Chhatwal stated that the hospitality sector acts as a significant driver of employment, creating both direct jobs and indirect income streams through services, income taxes, and GST.

"This large-scale capital commitment by Ambuja Neotia and IHCL highlights the strong growth potential of regional tourism infrastructure in India. Large hospitality investments do not just build physical assets; they act as powerful economic multipliers by generating widespread local employment, boosting ancillary service sectors, and contributing significantly to state revenues through tax streams." — Dr. Shishir Gupta, Founder & CEO, StartupLanes