West Bengal govt has become investment friendly: Anuj Puri

The Mamata Banerjee-led government in West Bengal has become more investment friendly in the last few months, property consultancy firm Jones Lang LaSalle's chairman and country head has said.
"In the last 10 months we have noticed that the West Bengal government has become more investment friendly and is willing to do business with big private players," Anuj Puri said while interacting with mediapersons here last night.
"When we meet government officials we find them very receptive and they want to hear about the problems we are facing and what can be done to remove the obstacles," he said elaborating.

More investments in real estate sector in West Bengal would mean more employment opportunities for the people, economic growth of the state and infrastructure development, he said.
"We have told the government about what more can be done to bring more investment in the real estate sector, like lowering of the registration and stamp duty tax and other taxes, quick clearance for big value projects and changes in the Urban Land Ceiling Act," Puri added.
He said that there was huge demand for residential projects in the Rs 40 lakh to Rs 50 lakh range in the state.
About premium real estate projects, he said there has been no decline in the demand, but supply was more than demand.

The single-largest transaction in Kolkata done by JLL till now is the Tata Value Homes and Square Group of companies for joint development of 25.5 acres of prime residential land on BT Road, he added.