Bankers value Taj Mansingh at Rs 1,000 crore

But bids for the luxury property may go up to Rs 3,000 cr, say experts

Nivedita Mookerji  |  New Delhi 

Marquee names in the investor community and the hospitality sector, within India and abroad, are doing their math this summer on the best price for the Taj Mahal luxury hotel here. Popularly known as the Taj Mansingh, after the road it is on, it spreads over 3.78 acres in the central core of the city. Business Standard spoke to top investment bankers and consultants on a likely price tag for the property, to go under the auction hammer very soon.            Most bankers’ estimate is Rs 3-4 crore a room. Usually, returns on a per-room ...

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Bankers value Taj Mansingh at Rs 1,000 crore

But bids for the luxury property may go up to Rs 3,000 cr, say experts

But bids for the luxury property may go up to Rs 3,000 cr, say experts Marquee names in the investor community and the hospitality sector, within India and abroad, are doing their math this summer on the best price for the Taj Mahal luxury hotel here. Popularly known as the Taj Mansingh, after the road it is on, it spreads over 3.78 acres in the central core of the city. Business Standard spoke to top investment bankers and consultants on a likely price tag for the property, to go under the auction hammer very soon.            Most bankers’ estimate is Rs 3-4 crore a room. Usually, returns on a per-room ... image
Business Standard
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