The estimated housing stocks in the country is about 200 million units of which about 2 million units is in West Bengal. Considering the total urban population to be about 27.8%, which may reach about 40% in the coming decade with a growth rate of almost 20%. Real Estate is really the booming sector in the economy with joint sector companies under the Department of Housing investing heavily in this sector. Also the proposed development of New Town Rajarhat (Greater Kolkata) has unearthed new opportunities in this sector. The township development area has been divided into 3 Action Areas, having 660 hectares, 1,050 hectares and 1,365 hectares respectively.

There is a major boom in the Medium Income Group (MIG) and Low Income Group (LIG) sector. 70% of the apartments sold are in the MIG sector, 20% are in the LIG sector and 10% in the High Income Group sector. According to HDFC survey around 5 million apartments would be required and purchased every year for the next 10 years.

The Housing Department of West Bengal Government aims at the creation of sufficient housing stock & provision of quality & cost effective housing shelter for the citizens. Currently, the Department is gearing up to increase construction activity in both Urban & Rural Housing. The State has taken a number of policy measures to develop the sector.