Bihar Issues e-tenders for 3 Five-Star Hotels in Patna

10 Jan 2025 CW Team

The Bihar Government has launched the process for constructing three five-star hotels in Patna to enhance tourism and strengthen the state’s industrial ecosystem. The Bihar State Tourism Development Corporation (BSTDC) has issued e-tenders to select developers for the projects under the public-private partnership (PPP) model.

The hotels will be developed at three prime locations: Hotel Patliputra Ashok, Bankipore Bus Stand, and Sultan Palace. Approved by the state cabinet on September 10, 2024, the selected developers will receive lease rights for 90 years—an initial lease of 60 years, extendable by 30 years.

The deadline for bid submissions is February 10, 2025, with technical bids to be opened the following day. According to the Department of Tourism, the hotels will cater to an increasing number of tourists and bolster the state’s industrial growth.

The Sultan Palace project will prioritise heritage preservation by converting the historic structure into a five-star heritage hotel. Meanwhile, the existing buildings at the Hotel Patliputra Ashok and Bankipore Bus Stand locations will be demolished to make way for modern five-star facilities.

Each hotel will feature state-of-the-art amenities, with a minimum of 100 rooms planned for the 1.50-acre Hotel Patliputra Ashok site and 150 rooms each for the 3.24-acre Bankipore Bus Stand and 4.89-acre Sultan Palace sites.

The initiative is expected to boost economic activities, create employment opportunities, and place Patna on the map as a luxury tourism destination while preserving the city's rich cultural heritage.

(ET)

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..