NDMC extends Taj Mansingh’s lease till July


New Delhi Municipal Council (NDMC) has extended the lease of Indian Hotels-operated The Taj Mahal Hotel (popularly Taj Mansingh hotel) for the fourth time. NDMC has extended the lease, which ends on March 31, for four months till July 31.

NDMC Chairman Jalaj Srivastav said: “The lease was extended since we have not received any word from the home ministry on how to go about the auction. Unless we are told what to do, we will not take any step in this direction.” The Delhi government answers to the ministry.

The body hopes by end-July, there would be more clarity and a decision would be taken on whether to give the right of first refusal to IHC in the auction process.

Full report here Business Standard


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