The much-delayed auction of the iconic Taj Mahal Hotel, better known as the Taj Mansingh in Lutyen's Delhi is likely to be postponed again as the New Delhi Municipal Council has got less than the required number of bids for the five-star property to go under the hammer.
"We have got only two bids for the auction, while as per the norms at least three bidders were required for the auction to be conducted. The issue will now be placed before the council, which will decide the further course of action," a senior NDMC official told news agency PTI.
The auction was to be held on July 18 had the New Delhi Municipal Council got at least three bids by yesterday evening.
The Taj Mansingh was given to the Tata group in 1978 on a lease for 33 years, which ended in 2011. The company was since given nine temporary extensions.
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