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NDMC gets approval to auctionTaj Mansingh hotel

DELHI

One of central Delhi’s landmark properties, the Taj Mansingh hotel is all set to go under bidding with the Ministry of Home Affairs giving its approval for the same. The hotel is currently under a 33 year lease by the Tatas owned Indian Hotels Company (IHC) that is also the owner of ‘Taj Hotels’ brand.

The New Delhi Municipal Council (NDMC) owns the hotel and will start the bidding process after getting consent from its members on March 20. NDMC sources say that IHC nay not get the “first right of refusal” as the Ministry has ordered an open auction, as per media reports.

The auction may also get bids from the biggest names in hospitality sector. Hospitality sector companies like the ITC and Oberoi Group hasve evinced interest in the property.  “We have received directions from the Home Ministry to go for open auction. We will place the matter before the Council (NDMC’s decision-making body) in the next meeting and then start the auction process,” Jalaj Srivastava, Chairperson, NDMC told Times of India.

Taj Mansingh was built by the NDMC in 1978 and given to IHCL on lease for 33 years. The civic agency was all set to renew the lease in 2011, but had to defer the process following a recommendation from the Union urban development ministry to auction the property.

Musafir Namah Bureau

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