NDMC eases norms to spice up auction process of the iconic Taj Mansingh

The NDMC has also relaxed the minimum average turnover criterion for bidders

The New Delhi Municipal Council (NDMC) is making a final attempt to take the auction process of the iconic Taj Mahal, also known as Taj Mansingh, to its logical conclusion. Besides bringing down the number of minimum bidders to two, from three earlier, the civic body has decided to lower the minimum net worth and average turnover requirements for prospective bidders. 

“Based on the experience from the last two tenders, need is felt to reduce the minimum number of bids required for a successful auction. It may be noted that many public auction processes carried out by various government entities allow