Kharagpur’s industrial real estate sector is witnessing a significant boost as new allotments in the Kharagpur Industrial Park have attracted investments totaling Rs 350 crore. This surge in interest is driving a 10% increase in demand for commercial plots within the region.

The Kharagpur Industrial Park, strategically located near major transport hubs and industrial corridors, has become a preferred destination for manufacturing and logistics companies. The recent allotments reflect growing confidence among investors and businesses in the area’s potential for industrial growth.

Commercial plot prices in the park have risen to between Rs 1,200 and Rs 2,000 per square foot, reflecting the robust demand fueled by expanding industrial activity. The rise in plot values also indicates the broader economic momentum in Kharagpur and its increasing importance as an industrial hub in West Bengal.

This development is expected to generate more employment opportunities and further stimulate ancillary sectors such as warehousing, transportation, and services, boosting the region’s economic profile.

Investors and industrial players are closely monitoring the progress, anticipating sustained growth as infrastructure projects and government initiatives continue to enhance connectivity and industrial facilities in Kharagpur.