Stage set for two-way fight between IHCL, ITC to own Delhi's Taj Mansingh

Indian Hotels, which has earned a profit from the property all these years, could be more aggressive in its bids

NDMC, the capital's civic body, looks set to take the auction of Delhi's iconic luxury hotel Taj Mahal (popularly known as Taj Mansingh after the road on which it is located) next Friday after it received the minimum two bids for the asset. Besides Indian Hotels Company Ltd (IHCL), the current operator of the hotel, rival ITC has also submitted bids for the 292-room hotel. Thursday was the last date for submission of bids.  

"Once NDMC evaluates the technical bids, it can hold the e-auction on September 28. Only two bids were received for the asset," said an industry