Summary:
Taj Hotels did not comment on the issue.NDMC has already tried thrice to auction the hotel this year, with little success. But strict eligibility norms meant only groups already running five star hotels in India could bid for Taj Mansingh. The auction was to be held on July 18, had NDMC got at least three eligible bids by Monday evening. If someone else gets the property, Taj will strip the hotel bare and take out everything like elevators and electric fittings. So in the first three years itself, the new guy will pay over Rs 100 crore as minimum due to NDMC..