Again, NDMC puts off Taj Mansingh auction
The New Delhi Municipal Council has deferred the auction of hotel Taj Mansingh again and granted another three-month extension to Tata Group’s Indian Hotels Company to run it.
This is the ninth extension given to the hotel since 2011 and third in 2015. The current lease expired on Sunday and the deadline to conclude the auction process has now been extended till January 2016.
“The proceedings for the auction are under process and the modalities are still being worked out. Hence the council decided to give another extension to the hotel,” a senior NDMC official said. The decision to grant extension was taken at a meeting of the council earlier this week. The property, owned by NDMC, was given to Indian Hotels Company Limited (IHCL) on lease for 33 years. The lease ended in 2011 and the company has been given eight temporary extensions since then on various grounds.