The Taj Mahal Hotel, No 1 Mansingh Road, New Delhi.
The Taj Mahal Hotel, No 1 Mansingh Road, New Delhi.(Photo: Wikimedia Commons / Altered by The Quint)
  • 1. What’s the Fuss About?
  • 2. Taj Mansingh's Sanjay Gandhi-Connection
  • 3. Tata Group's Tactics to Retain Taj Mansingh
  • 4. Auction – Not the First Option
  • 5. Why did the Auction Fail?
  • 6. Learning from Past Auctions
Taj Mansingh Auction: How Tata Group Tried to Keep It but Failed

The New Delhi Municipal Council (NDMC) has failed to auction the city’s landmark Taj Mahal Hotel aka Taj Mansingh, whose lease to the Tata Group expired in 2010. The Tata Group’s hospitality arm Indian Hotels Company Ltd, that has been running the iconic hotel at No 1, Mansingh Road for nearly four decades, has been resisting an auction.

The municipal council was inclined to extend the lease on renewed terms but the urban development and home ministries advised an auction instead. Here is why Taj Mansingh has failed to attract investors.

  • 1. What’s the Fuss About?

    The Tatas are very attached to the 3.78 acre property in leafy Lutyens Delhi. They made it an iconic address after securing a lease for 33 years, which commenced with the first paid occupancy on 10 October 1978. At a ‘coming out’ party the following year, the noted French fashion designer Yves Saint Laurent introduced the hotel before a global audience. The 292-room hotel was the third five-star hotel in Delhi after the Oberoi Intercontinental and The Ashoka.

    Despite the Taj Mansingh’s stature, in recent visits to Delhi, eminent figures like British Prime Minister Theresa May, Sri Lankan PM Ranil Wickremesinghe, PM Lee Hsien Loong of Singapore; Chairman, President and CEO of JP Morgan Chase, Jamie Dimon; German Chancellor Angela Merkel, and Linkedin Global CEO Jeff Weinder – have chosen to stay at another Taj property – The Taj Palace Hotel.

    Also Read : Serving History On a Plate: Taj Hotel’s Menu Priced at Rs 1947


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