Tata Group beats ITC in NDMC auction to retain iconic Taj Mansingh Hotel
The auction was pending since the lease had expired in 2011 and the Tata group were operating the property on temporary extensions. The lease for the hotel will be granted to the group for 33 years at double the license fees.
The Tata group retained the iconic Taj Mansingh Hotel in Lutyens' Delhi in an auction by the NDMC today after years of litigation at doubled license fees. Image source: New Delhi Hotels