https://www.taxtmi.com/news?id=22225 Approval authorises transfer of 3.7 acres at Pragati Maidan on a 99 year fixed leasehold to a Special Purpose Vehicle formed by India Tourism Development Corporation and Indian Railway Catering and Tourism Corporation for development and long term operation of a five star hotel. The SPV will select a developer and operator through a transparent competitive bidding process to construct, run and manage the hotel (directly or through a professional brand), enabling public asset monetisation to fast track the hotel component within the International Exhibition and Convention Centre redevelopment. en-us Wed, 04 Dec 2019 14:20:15 +0530 Wed, 04 Dec 2019 14:20:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22225 Approval authorises transfer of 3.7 acres at Pragati Maidan on a 99 year fixed leasehold to a Special Purpose Vehicle formed by India Tourism Development Corporation and Indian Railway Catering and Tourism Corporation for development and long term operation of a five star hotel. The SPV will select a developer and operator through a transparent competitive bidding process to construct, run and manage the hotel (directly or through a professional brand), enabling public asset monetisation to fast track the hotel component within the International Exhibition and Convention Centre redevelopment. News - Wed, 04 Dec 2019 14:20:15 +0530 https://www.taxtmi.com/news?id=22225