IHCL wins bid for Taj Mansingh
Representative image
Indian Hotels Company (IHCL) has retained control of the Taj Mahal hotel, popularly known as Taj Mansingh, for another 33 years. IHCL, which operates hotels under the Taj brand, emerged winner in an e-auction conducted by the New Delhi Municipal Council (NDMC) last week.
“Before e-auction of the property, IHCL used to pay Rs. 3.94 crore per month, including GST. Now, with this increase, it will be paying about Rs. 7.03 crore per month, including GST, as per the current GTO provided by the IHCL,” the NDMC statement said, adding that the lease would be for 33 years.
“We are delighted that the iconic Taj Mahal, New Delhi which has been an important part of the cultural and historic fabric of the National Capital, will continue to remain a part of the IHCL family. We would like to thank our customers for their enthusiastic support and our employees, who have always offered exceptional service to our guests for over 40 years. We look forward to investing in the hotel and taking it to new heights of Indian hospitality. The Taj legend will continue to serve Delhi with elegance and charm,” Puneet Chhatwal, MD & CEO, IHCL said in a media statement.