The property, owned by NDMC, was given to IHCL on a lease of 33 years which ended in 2011 and the company was given nine temporary extensions since then on various grounds, with three of them granted last year itself.
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.
Chief Minister Arvind Kejriwal, a member of council of NDMC, made the announcement following a special meeting of its top decision-making body.
NDMC Chairman Naresh Kumar projected total receipts of Rs 3,627.08 crore against a total estimated expenditure of Rs 3,621.62 crore.
Pedestrianisation of Connaught Place on a pilot basis, will be implemented for three months from February 2017, for ground-level testing of issues related to changes in traffic circulation, experience of pedestrians and shop owners, R
The Urban Development Ministry, on November 23, 2016, finalised the rules under the Real Estate Act for Delhi, which provides for a regulatory authority to undertake third-party quality audit of real estate projects, to R
"The company proposes to challenge the dismissal of appeal in the Supreme Court," Indian Hotels Company said in a filing to BSE.
The construction industry in Mumbai and Delhi, is eagerly waiting for the single-window clearance of all approvals within 30 days, to be implemented. The procedure is at the final stage of implementation, in both R
The decision was taken at a Cabinet meeting chaired by Chief Minister Arvind Kejriwal at Delhi Secretariat.
The civic body is also dedicating to the summit an 'India- Africa Friendship Rose Garden' on Shantipath, which will be inaugurated by External Affairs Minister Sushma Swaraj on October 25.
NIC suggested to upload the proposed e-hospital software for NDMC on its cloud services, which will happen first time in India.
SBI Cap is a wholly-owned subsidiary of the country's largest bank, SBI. It offers advice on investment and projects along with consultancy on funds mobilisation. It has also assisted the mining ministry with auction processes initiated by the government.
The last extension was given on March 25 and the current lease agreement, which expires on June 30, has now been extended till September 30. The matter was placed before the civic body's council yesterday during a special meeting where new chairman Naresh Kumar took oath of office.
Two days ago, a group of people had protested outside Kejriwal's home against the demolition of slums in Shahdara in east Delhi.
"We are waiting for the Solicitor's General opinion on whether the Taj should get the first right of refusal in the auction. "Once we get it, we start the process of auctioning the property in two months", an NDMC official said.
Central Vigilance Commission (CVC)has asked New Delhi Municipal Council to examine the delay in auction of Taj Mansingh hotel and submit a report within three months.
Soon, when you drive to a mall, all you might have to do is punch a card to park your car. Bid adieu to long queues and wasted fuel.