27 April 2026
The land in question was allotted to NDMC by the government of India in 1973 as part of a plan to redevelop the area and it was envisaged that a portion of it would be used for the construction of a 5-star hotel. On April 22, 1982, a licence deed was executed between the NDMC and the Bharat Hotels for construction and commissioning of a 5-star hotel and two commercial towers for a term of 99 years, with the licence fee fixed at Rs 1.45 crore per annum. Considering that the licence agreement provided for a revision in the licence fee after 33 years, the NDMC ordered a valuation of the hotel property and accordingly issued the notice of demand seeking Rs 10,63,74,59,852 from Bharat Hotels in three equal instalments within 90 days.
The land in question was allotted to NDMC by the government of India in 1973 as part of a plan to redevelop the area and it was envisaged that a portion of it would be used for the construction of a 5-star hotel. On April 22, 1982, a licence deed was executed between the NDMC and the Bharat Hotels for construction and commissioning of a 5-star hotel and two commercial towers for a term of 99 years, with the licence fee fixed at Rs 1.45 crore per annum. Considering that the licence agreement provided for a revision in the licence fee after 33 years, the NDMC ordered a valuation of the hotel property and accordingly issued the notice of demand seeking Rs 10,63,74,59,852 from Bharat Hotels in three equal instalments within 90 days.
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