Kolkata | June 22, 2026
The West Bengal State Budget 2026–27 has received a positive response from the real estate sector, with industry leaders terming it a forward-looking roadmap for infrastructure-led growth and sustainable urban development.
Reacting to the budget, Mahesh Agarwal said the proposals send a “strong and positive message” to investors, industry stakeholders, and the real estate sector, highlighting the government’s focus on infrastructure, connectivity, renewable energy, and land reforms.
He noted that sustained investment in urban infrastructure—particularly the proposed Chingrighata–New Town elevated corridor—will significantly improve connectivity and reduce travel time across key growth zones. He added that New Town, West Bengal, India has already emerged as a major residential and commercial hub in Eastern India, and enhanced infrastructure will further accelerate its growth along with the adjoining Rajarhat region.
Welcoming the announcement of a proposed greenfield airport at Kalyani, Agarwal said the development could unlock a new growth corridor along the NH-12 stretch, creating fresh opportunities in residential, commercial, logistics, and industrial sectors.
He also appreciated the government’s move to review the Urban Land Ceiling Act (ULCA) framework, stating that a rationalized land policy combined with digitization and streamlined approvals would improve land use efficiency, boost investor confidence, and strengthen West Bengal’s position as a leading investment destination in Eastern India.
