Returns a challenge for brands eyeing Taj Mansingh

The location of this hotel can't get better. This is 1, Man Singh Road, of Lutyens’ Delhi. Housing luxury hotel Taj Mahal, operated by Indian Hotels for 39 years. Decks have been cleared for the auction of this property, minutes away from the seat of central government authority.

It is obvious that there will be some serious bidders trying their luck when an auction is held in the second half of this calendar year. New Delhi Municipal Council (NDMC), which owns the 3.78 acres on which the 294-room hotel stands, will conduct the auction.

However, there are many unknowns. Investors