Siliguri’s Hospitality Sector Grows 10% as Hotel Demand Soars in Matigara
April 2025 – Siliguri:
Siliguri’s thriving hospitality industry is fueling a real estate upswing, with commercial plot prices in Matigara rising by 10%, now ranging between ₹2,000 to ₹3,000 per sq ft. This growth is backed by a surge in hotel and resort projects, which have pushed occupancy rates up by 30% over the past year.
Strategically located on the corridor to Darjeeling, Sikkim, and the Northeast, Matigara has become a magnet for developers aiming to tap into the region's booming travel and tourism industry. Boutique hotels, business-class accommodations, and eco-friendly lodges are in high demand as Siliguri cements its role as a gateway tourism city.
Several hotel chains and independent developers are acquiring land for hospitality ventures, encouraged by steady tourist inflow and improvements in road, air, and rail connectivity. As a result, commercial landowners are seeing record interest, driving up both plot values and transaction volumes.
Real estate analysts forecast continued upward momentum in the hospitality-linked property market, especially as Siliguri emerges as a North Bengal hospitality and logistics hub.
