3rd Edition of CREDAI West Bengal STATECON-23 to be held in city

CREDAI WEST BENGAL, the state level Confederation of Real Estate Developers   is proud to announce the inauguration of the 3rd Edition of CREDAI West Bengal STATECON-23 on 4th September ’23 at DhonoDhanyo Auditorium kolkata .Hon’ble Chief Minister of West Bengal,Mamata Banerjee has kindly consented to preside over the STATECON-2023.


Affiliated with CREDAI, the apex body of Real Estate Developers in India with 13,000+ developers across 21 states and 230 cities, CREDAI West Bengal transcends boundaries to shape the industry’s landscape. An Apex body of the five dynamic city chapters namely Kolkata, Howrah-Hooghly, Asansol, North Bengal, Burdwan&Birbhum, uniting over 600 members across the state, CREDAI WEST BENGAL has been relentlessly championing the cause of infrastructure development in the state.  It flagged off its poster boy initiative of the STATECON three years ago with an aim to showcase Bengal’s potential to the investors, highlight Government initiatives, explore innovations and provide discerning insights into emerging trends in real estate.

Announcing the STATECON 2023open, Mr. SushilMohta, President CREDAI West Bengal said, “We are living in an age of fast urbanizations, the rural populace migrates to urban centers. Every year one million people shift to cities to avail better jobs, explore educational opportunities and avail healthcare facilities. The rise in income of middleclass is helping in a steady upward shift from lower income group to middle income group. Moreover, the overall rise in disposable income has enabled people to buy homes for their families as their first priority.  These necessitate an accentuated pace of development in infrastructure in urban areas like roads, housing, educational institutes and healthcare facilities. However, it is not possible for the state government to take the huge pressure of developing the required Housing and infrastructure to ward off the pressure on the existing infrastructure.  Here comes the involvement of Private sector that can collaborate with the state government and development authorities and build housing and other infrastructures needed meet this huge pent up demand of people. We hope the STATECON 2023 will bring all stakeholders from the state government, real estate companies, architects, planners, construction companies under one roof to facilitate this huge demand of urbanization.”

The STATECON-2023 is envisaged to educate and spread awareness amongst the real estate fraternity on the topics relevant to the industry. The theme for this year’s STATECON 2023 is ‘Showcasing of Real Estate & Urbanization as a Driver of Economic Growth and Employment’ and will witness the presence of domain experts, thought leaders, industry stalwarts as well as key Government officials to deliberate and discuss upcoming opportunities and challenges in this hypercompetitive market.

MrTamalGhosal, President, CREDAI Howrah Hooghly &Convenor STATECON said “The STATECON’23 will be an interactive platform for the real-estate stakeholders of the state and will focus on the need for development of the real estate development. Further we will showcase the opportunities in West Bengal, and the various initiatives undertaken by the Government of West Bengal to bring Ease of Doing Business (EODB) in the state’s industry and business scenario.

Mr.SidharthPansari, President –Greater Kolkata of CREDAI said, “It is expected in Bengal, the rate of urbanisation will move up to 42 percent in the state from the current 36%. This will entail an addition of almost 8 million people to urban West Bengal in this period. Keeping in mind an existing shortage of urban housing it is the need of the hour to accommodate maximum numbers of people in lesser land.”

Mr. Naresh Agarwal, President CREDAI North Bengal & Co-Convenor said“The objective of the STATECON’23 is to chart the way forward for the industry after assessing the current scenario and offering solutions. The real estate sector has forged ahead due to the robust process of urbanization and genuine demand as a result. We hope, we will have solutions to most of our queries as the sessions are extremely engaging and insightful.”

STATECON 2023 is all set to be pragmatic as the day-long knowledge-conference will witness a series of panel discussions on the current Real Estate scenario of the state along with external factors acting as driving forces for the industry.

“Bengal promises to be Eastern India’s gateway; West Bengal’s population is predicted to touch 103 million by 2036 in West Bengal, with an increase of 15 million people in urban areas. The urbanization rate in West Bengal is higher than that of the country. The GSDP is growing at 8.41%, which is higherthan India’s growth rate of 7.24%. The current state’s GDP stands at 8.5 Trillion rupees at constant prices. The construction sector’s contribution stays at 10% in the state; however, the volume has doubled in the last decade.” The state govt. West Bengal has been always pro-active to support the Realty sector. We are very excited to host ‘STATECON 23’after a gap due to COVID 19 and also at a time when the real estate industry in the State of WestBengal is perceived to be evolving much faster. We believe that this STATECON 23 will empower the real estate fraternity of the state and facilitate a stronger bridge between the State Government and the fraternity for a brighter and prosperous Bengal. We are certain that our dream of having a thriving Bengal will be fulfilled by driving urbanization and real estate growth. We hope to strengthen the relationship with all stakeholders through this STATECON 2023”, signed off Mr. Mohta.

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