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Profile & Performance
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The estimated housing stocks in the country is about 200 million units of which about 2 million units is in
West Bengal. Considering the total urban population to be about
27.8%, which may reach about 40% in the coming decade with a growth rate of
almost 20%. Real Estate is really the booming sector in the economy with joint
sector companies under the Department of Housing investing heavily in this
sector. Also the proposed development of New Town Rajarhat (Greater Kolkata) has
unearthed new opportunities in this sector. The township development area has
been divided into 3 Action Areas, having 660 hectares, 1,050 hectares and 1,365
hectares respectively.
There is a major boom in the Medium Income Group (MIG) and Low Income Group
(LIG) sector. 70% of the apartments sold are in the MIG sector, 20% are in the
LIG sector and 10% in the High Income Group sector. According to HDFC survey
around 5 million apartments would be required and purchased every year for the
next 10 years.
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Policies & Plans
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Modern Housing & Commercial Complex on West Bengal
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The Housing Department of West Bengal Government aims at the creation of sufficient housing
stock & provision of quality & cost effective housing shelter for the citizens.
Currently, the Department is gearing up to increase construction activity in
both Urban & Rural Housing. The State has taken a number of policy measures to
develop the sector.
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The major thrust areas of the policy are:
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Provide & facilitate the housing to all.
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Promote Private Public Partnership by the formation of joint sector companies.
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Promote production of cheap & good quality brick through manual & mechanized process.
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Encourage the Non-Governmental organizations to set up building centers at a low cost.
The West Bengal Housing Board (WBHB), formed in the early seventies, is playing
an important role in the field of housing & urban development in the state.
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Products & Services (Illustrative List)
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Shopping Mall
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Multiplex
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Amusement Park
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Resort
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Club
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Modern Housing and Commercial complexes.
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Social infrastructure – hospitals, retail centers, amusement parks, etc.
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Shopping Malls & Multiplexes
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Resorts
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Clubs
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