 "Taj Mansingh")
The first year annual licence fee for Taj Mansingh hotel in the national capital could be set in the range of Rs 30 crore to Rs 34 crore as the property goes up for auction, according to sources in the know.
This would be treated as the minimum guaranteed annual licence fee for the hotel entering into a fresh 33-year lease agreement. The licence fee will be increased every year based on the annual Wholesale Price Index (WPI), as suggested by SBI Caps, which is conducting the auction.
The minimum annual revenue share, or the floor price, is
This would be treated as the minimum guaranteed annual licence fee for the hotel entering into a fresh 33-year lease agreement. The licence fee will be increased every year based on the annual Wholesale Price Index (WPI), as suggested by SBI Caps, which is conducting the auction.
The minimum annual revenue share, or the floor price, is
