Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Bihar govt initiates process for construction of 3 five-star hotels in Patna

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Bihar govt initiates process for construction of 3 five-star hotels in Patna - PTI News Dated:- 8-1-2025 PTI - News - Bihar govt initiates process for construction of 3 five-star hotels in Patna - - - Dated:- 8-1-2025 - Patna, Jan 8 (PTI) The Bihar government has initiated the process for the construction of three new five-star hotels in Patna to cater to the growing number of tourists and to boos .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t the industrial environment of the state, an official statement said on Wednesday. The Bihar State Tourism Development Corporation (BSTDC) published e-tenders for the selection of developers to construct five-star hotels on the premises of Hotel Patliputra Ashok, Bankipore Bus Stand, and Sultan Palace under the public-private partnership (PPP) model, it said. "The proposal to construct three five .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... -star hotels in Patna was approved by the state cabinet on September 10, 2024. The process has now been initiated. The developers, who will be selected through the tender process, will be granted lease rights for 90 years, with an initial lease period of 60 years, extendable automatically by an additional 30 years," the statement said. The last date for bid submission is February 10 this year and .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the technical bids will be opened the next day, it said. Sharing details about the construction of the five-star hotels, the Department of Tourism said that the development of luxury hotels in Patna was felt necessary to cater to tourists and to support the growing industrial environment. "The construction of these hotels will not only boost economic activities but also create new employment oppor .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tunities. While ensuring state-of-art construction, heritage preservation will also be given top priority. The existing historic structure of Sultan Palace will be preserved, and a five-star heritage hotel will be developed on the premises," the statement said. Simultaneously, the existing structures on the Hotel Patliputra Ashok and Bankipore Bus Stand premises will be demolished to construct new .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... five-star hotels. "The proposed development includes the construction of a minimum of 100 rooms on 1.50 acres of land on Hotel Patliputra Ashok premises and 150 rooms each on approximately 3.24 acres on Bankipore Bus Stand premises and 4.89 acres on Sultan Palace premises," it added. PTI PKD ACD - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagement .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... india.com - TMI - TaxTMI - TMITax - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates