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

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

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)

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)

Next Story
Infrastructure Transport

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Next Story
Real Estate

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..

Next Story
Infrastructure Energy

Government to Launch Coal Gasification Urea Policy

The government will unveil a coal gasification based policy for urea production within one month, aiming to promote the use of domestic coal feedstock in synthetic fertiliser manufacture. The move seeks to enhance self reliance in fertiliser supply and to provide an alternative route to natural gas based synthesis. Officials said the policy will set out technical standards, permitting norms and incentives for projects that adopt coal gasification technology. It will aim to attract investments from both public sector undertakings and private manufacturers. The scheme will address logistical and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement