Taj Mansingh

It's official: Tatas get 6 more months to operate Taj Mansingh

The New Delhi Municipal Council (NDMC) on Monday gave the Tata-owned Indian Hotels Company (IHCL) another extension of six months (till March 31, 2014) to operate the Taj Mahal hotel in the capital's tony locality Mansingh Road. However, the auction of the property hinges on the Solicitor-General's opinion on the right of first refusal (ROFR). <br /><br />

No auction before Delhi polls, Tatas to run Taj Mansingh for next 3 months

With the Taj Mansingh lease set to expire on 10 October, the Tatas have reportedly been allowed to operate the Taj Mahal Hotel for another three to six months. <br /><br />

Tatas may lose their marquee Taj Mansingh hotel in New Delhi

The New Delhi Municipal Council (NDMC) on Thursday deferred the public auction of Taj Mansigh after the Union home ministry wrote to the civic body to cancel Tata-owned Indian Hotels Company's first right of refusal as it may result in lower bids in the public auction.

Court seeks NDMC response on Tata plea to stay Taj Mansingh auction

Issuing notice to civic body NDMC, Justice M L Mehta sought its response within two weeks and said it will consider Tata's plea seeking an interim stay on the auction on the next date of hearing.

Taj Mansingh suspense ends, Tata lease extended for a year

Tatas would be given the right to match the highest bid iin the auction that will be conduced during this period.

NDMC extends Taj Mansingh lease by a year, new operator soon

The civic body will decide whether the Taj Group will continue to run the property on re-negotiated financial terms or if the property would be auctioned, inviting bids from other interested parties such as ITC, Sahara, Oberio, besides other international majors

Three's a crowd: After ITC, Oberoi eyes Taj Mansingh

Given the hotel's prime location and the number of moneybags who are waiting in the wings, it remains to be seen whether NDMC will give another temporary extension to Taj until it takes a final call on the property.

New twist in Delhi's Taj Mansingh lease tangle

Just a month before the lease period for the Taj Mansingh Hotel expires , Union urban development minister Kamal Nath has added a new twist by saying "There's a provision in the lease agreement to renew the lease with the existing operator, Indian Hotels Company.

Tatas get to operate iconic Taj Mansingh hotel for another six months

Tata-owned Indian Hotels Company Limited has been given an extension of six months by New Delhi Municipal Council to operate the iconic Taj Mansingh hotel in the posh Lutyens' Bungalow Zone in New Delhi. This is the fifth time IHCL has got an extension to operate the hotel by NDMC, which is the land-owning agency.<br />