Siliguri’s Commercial Plots See 12% Price Rise Driven by Retail Demand
The commercial real estate sector in Siliguri, particularly along the busy Sevoke Road, has experienced a notable 12% increase in prices for commercial plots. Current rates now range from Rs 1,800 to Rs 2,500 per sq ft, driven primarily by growing demand for retail spaces.

This surge is closely linked to the rising tourism in the region, which has boosted retail activity and attracted businesses aiming to capitalize on increased footfall. Siliguri acts as a gateway to popular hill stations and tourist destinations in North Bengal, resulting in vibrant commercial activity and investment interest.

Retailers and investors are keen to secure plots along Sevoke Road due to its strategic location, connectivity, and accessibility to tourist spots, making it a prime commercial hub. Enhanced infrastructure and government focus on tourism development have further strengthened investor confidence.

Developers are now focusing on retail and mixed-use projects, anticipating sustained demand as tourism continues to grow. This price hike reflects Siliguri’s evolving status as a key commercial destination in the region.