Durgapur

Durgapur is a well known city located 160 kms North of Kolkata. It is the third largest city of West-Bengal, recognized as a major industrial township of the state. The city is also popular for its steel plants and other heavy industries. It is the home of the largest steel plants of the state and also alloy steel plant of Sail. Besides it, there are a number of other industries like power plants, chemical, engineering, and metallurgical units. The large scale industrialization and increasing population are attracting a number of residential and commercial projects being completed by local developers and builders.

Real Estate Scenario
The public-private partnership model that has been put in place by the West Bengal Government has changed the scenario of real estate in the city. This has helped unveil huge amount of urban land whose development would not have been possible on account of urban land ceiling laws. The real estate sector has also attracted large foreign and domestic players and venture capitalists. The real estate developers are enjoying a good time and things are getting better by the day. The growing demand for residential and commercial spaces and space requirements for sectors such as retail, education, hospitality, and medical are very good sign for the realty investors.

Commercial Real Estate
The commercial real sector is rising in Durgapur as a number of projects are being carried out in the city from past some years. The retail sector has just started to emerge. A number of shopping malls, retail outlets, and commercial complexes are in the pipeline and are about to finish soon. The retailers are searching options for opening their outlets in local market. Due to these entire processes the land prices have seen a significant surge in recent times in Durgapur.

• A mega project, the SPS Synergy Knowledge and Health City, is being planned to come up shortly in Durgapur. It will comprise of a 500 bed hospital cum private medical college, nursing college, dental college, pharmacy college, and paramedical college. The project will also include a Medicare center, super specialty clinics, international school, media and management college, technology colleges and indoor sports complex. It will need Rs. 600 crore in a span of 7 years. The project will create employment for 10,000 people.
  
  
• A shopping mall is going to be developed by Bengal Shrachi Housing Development in Durgapur.
  
  
• Pantaloons is searching for good options in the city to open their stores.
  
  
• The Panoramic group will develop a 150-room hotel in Durgapur, on 2.5 acres of land.
  
  
• As a part of the policy of making the state an IT hub, the West Bengal's Government set up Durgapur Software Technology Park in 2005 in Bidhannagar.

Residential Real Estate
The residential real estate of the city is also making a mark as a number of housing projects are in pipeline and many more are ready to start. The heavy industrialization and commercialization of the city has created huge demand for the residential sector. Several housing projects are developed by the private builders in association with the Asansol Durgapur development authority.

• Urvashi, a mega township project, is being developed by Ambuja group in association with the Durgapur Asansol Development Authority. It is spread over 94 acres north of City Center. This project will be able to fulfill the need of Durgapur's residents for quality housing.
  
  
• Shrishtinagar is another such housing project, spread over 90 acres in Kalyanpur, being developed by the joint association of Bengal Shrishti and Asansol-Durgapur Development Authority. This project is designed by SembCorp Infrastructure of Singapore. It provides the local residents a good option for residential apartments, independent houses, commercial spaces and entertainment zones.