It is fairly certain that Taj Mansingh, whose 33-year lease agreement with NDMC expired last year and extended for a year, will not get another lease extension.
Hotel companies said the conditions are not investor friendly and making money on the property could be tough in the initial years.
Delhi government authorities on Tuesday issued an order asking luxury Taj Mansingh Hotel to have its rooms and premises be placed at the disposal of Sir Ganga Ram Hospital for using it as an attached COVID-19 facility.
NDMC to auction Taj Mansingh within three months.
The city's landmark five-star Taj Mahal hotel, popularly called the Taj Mansingh after the road it's situated on, is likely to get yet another lease extension.
Bidders have to deposit a security fee of Rs 25 crore as well as minimum guarantee fee.
The decision was taken at a council meeting on Thursday after the home ministry wrote to the civic body to cancel the company's first right of refusal.
The court, however, asked the civic body to grant six months "breathing time" to the company in vacating the hotel in case they lose out in the e-auction.
The decision to auction Taj Mansigh brings to an end a six-year-old tussle between the NDMC and Tata Group, which has operated the landmark property for nearly four decades.
Given the hotel's prime location, it is obvious that there will be some serious bidders trying their luck when an auction is held in the second half of this calendar year.
The Taj Hotel near India Gate will remain with the Tatas for one more year and will have the first right of refusal in an auction to be conducted within this period.
This would be the fourth time the New Delhi Municipal Council would be giving an extension.
After New Delhi's Taj Mansingh and Taj Palace hotels, lease renewal of Indian Hotels Company's Mumbai property, the most iconic, is facing trouble.
On another occasion, he recalled, as part of the SPG, he was tasked with the security of the then prime minister Manmohan Singh and assigned the responsibility of escorting Tata from Taj Mansingh Hotel in New Delhi.
AFor a mega event like the G20 Summit -- being attended by so many heads of States and international bodies, top diplomats and bureaucrats -- nothing can be more important than security.
The differing wings are the the Union home and urban development ministries -- the former is the parent ministry for the capital's administration and the other controls land decisions in this city. The issues is the proposed auction of the Taj Mahal (popularly called the Taj Mansingh, after the road on which it stands).
Women and student activists on Sunday converged near India Gate, which had witnessed largescale anti-rape protests in December last, demanding justice for the five-year-old rape victim in the national capital.
With November 22, 23 and 24 being among the most auspicious dates for marriage this year, hotels across the country are all booked, as are wedding-related ancillary services.
Close on the heels of row over rechristening of Aurangzeb Road here, a Delhi BJP spokesperson has demanded that Shahjahan Road should be renamed as Dashrath Manjhi Road, as the Mughal emperor was a "symbol of lust".
'Don't be surprised if the Census forms come with a caste box.' 'I will be surprised if it doesn't. It will be a point conceded to Rahul Gandhi and his allies,' asserts Shekhar Gupta. The BJP machine could take all 3 in its stride, but this election has changed that, notes Shekhar Gupta.
Following the former President's demise last month, there had been a demand from many sections of the society for dedicating a road after him as a token of love and tribute to the "missile man".
The Congress workers torched an effigy of Swamy during the protest.
Merely stating that parking was 'at owner's risk' would not absolve the hotel of its liability.
The former CJI was criticised for being part of a special bench set up to hear a suo motu case titled 'In Re: Matter of Great Public Importance Touching upon the Independence of the Judiciary' on a Saturday on April 20, 2019.
'It was a moment when I felt what power can get. Such a reception was beyond my expectation.'
"I tell all my guys in the office to see this as running a marathon. The front runners are a million times our size. In a marathon, you don't run in front of the pack; you stay in the back and wait for your turn, otherwise you'll run out of steam."
In a departure from the past, when IHCL adopted the organic route for entering markets like London and New York, this time around the expansion will be acquisition-led.
'It will take me a while to process the meaning of the loss of a man who meant so much to me through my entire life,' says Aseem Chhabra.
De Niro is in India for Tehelka's Think Festival in Goa, which begins later this week. This is the actor's first visit to India.
United States President Donald Trump and US First Lady Melania Trump will be visiting India -- Ahmedabad and Delhi -- on February 24 and 25 on the invitation of Prime Minister Narendra Modi. Let's assess earlier American presidential visits to India.
'A heavy tanker takes time to move, but when it starts rolling, it's difficult to stop it,' Indian Hotels CEO Puneet Chhatwal tells Shyamal Majumdar.
'The best way to make an impact in this market is by focusing on three things: Unmet customer need, unarticulated customer need, and emerging customer need,' Metro's Arvind Mediratta tells Sangeeta Tanwar and Alokananda Chakraborty.
Nehru decided to build The Ashok in New Delhi to host a UNESCO conference. For a prime minister focussed on India building with projects like the Bhakra-Nangal Dam, IITs and factories, "the hotel spoke of the gumption of the country at that time." Manavi Kapur traces the eventful journey of the hotel, which has now completed 60 years.
Manu Kumar Jain, India head, Xiaomi, tells Sangeeta Tanwar how the Chinese smartphone maker won over the Indian market.
Lunch with BS: Sukhbir Singh Badal, deputy chief minister, Punjab
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