Kolkata-based Ambuja Neotia Group has announced an investment commitment of ₹2,700 crore in West Bengal’s hospitality sector, strengthening its partnership with the Tata Group-backed Indian Hotels Company Limited (IHCL). The investment will support hotel and resort projects across Kolkata, Raichak, Digha, Siliguri, Lataguri, Kalimpong and Darjeeling.
The announcement coincided with the launch of AltAir House – IHCL SeleQtions in Kolkata and Siliguri on October 31, 2026. The two properties mark a new phase in the partnership, which now covers 20 hospitality projects in West Bengal. Eleven are operational, while nine are at various stages of development.
New Hotels in Kolkata and Siliguri
AltAir House in Kolkata is located at Ecospace Business Park in New Town and features 42 rooms and suites. The property combines art-led interiors, curated dining, lounge and wellness facilities, and spaces for events and celebrations.
The Siliguri property, located within Uttorayon Township, offers 60 rooms and suites. It also has indoor and outdoor event facilities with capacity to accommodate up to 1,200 guests.
Both hotels operate under IHCL’s SeleQtions brand through a franchise arrangement. The properties are designed around local culture, architecture and distinctive dining experiences.
Nine Projects in the Pipeline
The nine upcoming properties will add 739 rooms to IHCL’s portfolio in West Bengal. The development plan also includes 354 apartments under Taj Uvanta Signature Residences in Kolkata and 10 villas at Taj Himaya Kutir in Darjeeling.
The ₹2,700-crore investment also includes ₹100 crore for expanding Taj Chia Kutir Resort & Spa in Darjeeling. The expansion will add 28 rooms and 15,000 square feet of banqueting facilities.
The projects are expected to be developed over the next two to five years, further expanding IHCL’s presence across the state.
Partnership and Tourism Growth
IHCL and Ambuja Neotia have built a portfolio of more than 80 properties across India, including 55 resorts under IHCL’s Tree of Life brand. Their expanded collaboration is aimed at tapping West Bengal’s tourism potential across urban destinations, coastal locations, forests, tea gardens and the Himalayan region.
Ambuja Neotia Chairman Harshavardhan Neotia said the investment reflects the group’s confidence in the state’s tourism potential. IHCL Managing Director and CEO Puneet Chhatwal said the partnership would help create new travel experiences and expand the company’s brand presence in the region.
The group has also outlined a broader investment vision of around ₹15,000 crore across hospitality, healthcare and real estate in West Bengal over the next five to seven years.
