West Bengal finance minister invites investors to Kolkata, promises reforms to unlock city’s potential

Bengal FM pushes to scrap 1976 Urban Land Act

West Bengal's finance minister Swapan Dasgupta emphasized the need to repeal the Urban Land (Ceiling and Regulation) Act from 1976. He noted that the law impedes land acquisition and institutional funding, limiting development opportunities. Developers expressed concerns over the requirement to form multiple companies for land purchases exceeding 5,000 square meters.

Bengal needs to get organised players in real estate sector, says Finance Minister Swapan Dasgupta

West Bengal Finance Minister urges an organized real estate sector, calls to scrap outdated laws, and highlights tech-driven, transparent reforms.

West Bengal finance minister invites investors to Kolkata, promises reforms to unlock city’s potential

West Bengal FM Dr Swapan Dasgupta said outdated laws such as Urban Land Ceiling Act must go, urging organised developers to invest in and develop West Bengal

Kolkata’s real estate market in hands of sharks, alleges WB fin min; invites organised players

Kolkata’s real estate market is now in the hands of sharks with political connections, West Bengal Finance Minister Swapan Dasgupta has alleged. To counter this scenario, he has invited organised and big real estate players to set up mega projects in the state.