Government Clears PPP Redevelopment Of Ashok And Samrat Hotels

26 Feb 2026 CW Team

The central government has approved redevelopment of two brownfield hotels in New Delhi under the National Monetisation Pipeline 2.0, according to a NITI Aayog report. The projects concern Hotel Ashok and Hotel Samrat in the national capital. The planned private sector investment linked to the projects has been treated as monetisation proceeds under the pipeline. The total proposed investment for the two projects is Rs 12 billion (bn).

Rs 8.2 bn has been earmarked for The Ashok and Rs 3.8 bn for Hotel Samrat after conversion of the original values. The Ashok redevelopment is larger and is expected to be awarded early in NMP 2.0, with the award targeted in the financial year 2027. The Samrat project is expected later and is targeted for the financial year 2030.

Both asset classes will use the direct contractual method, primarily through public private partnership contracts, and the central government has said that monetisation value will arise from private sector investment for development. The projects are structured as partnership arrangements and the investment has been recorded as direct investment in the NMP estimates. Public private partnership is set out as a fixed term contract between a public entity and a private entity for provision of assets or services, with allocation of risk and contractual performance standards.

Hotel Ashok, built in 1956, is a deluxe property in the Diplomatic Enclave of Chanakyapuri and is owned and operated by the India Tourism Development Corporation, a central public sector undertaking under the Ministry of Tourism. Hotel Samrat is also managed by the India Tourism Development Corporation and is situated in central New Delhi. The projects form part of the NMP 2.0 portfolio intended to attract long term private investment into public sector holdings. The NITI Aayog report frames the redevelopments as monetisation by contract rather than sale.

Infrastructure Transport

25 Apr 2026

Sector 51-52 Metro skywalk in Noida remains shut despite being ready for over a year

Thousands of commuters travelling between Delhi Metro Rail Corporation’s (DMRC) Sector 52 station and Noida Metro Rail Corporation’s (NMRC) Sector 51 station continue to face daily inconvenience as the 300-metre air-conditioned skywalk connecting the two stations remains closed, despite being completed over a year ago, according to a report.The Noida Metro Rail Corporation built the foot overbridge to enable a seamless interchange between the Delhi Metro and Noida Metro networks. However, pending finishing work and a structural obstruction have delayed its opening.Krishna Karunesh, Chief E..

Maharashtra clears Metro Line 5A, expansion of Mumbai Metro Line 5

The Maharashtra government has approved the expansion of Mumbai Metro Line 5 along with a new integrated corridor, Metro Line 5A, forming a combined 34.2-km metro network across the Thane-Bhiwandi-Kalyan-Ulhasnagar belt. The integrated project has been cleared at an estimated cost of ₹18,130.55 crore, according to a government resolution (GR).Metro Line 5 was originally approved in October 2017 as a 24.9-km fully elevated corridor with 17 stations connecting Thane, Bhiwandi and Kalyan, with an initial project cost of ₹8,416.51 crore. The corridor is being developed in two phases.The first ..

Bengaluru Metro expansion seen driving office demand

Bengaluru’s expanding metro network is expected to emerge as a major catalyst for real estate growth, with the Yellow and Pink Lines likely to boost both office demand and residential prices across key micro-markets, according to a report by Colliers India.The report estimates that over the next two years, Bengaluru could witness an additional 5–7 million sq ft of Grade A office space demand across the Central Business District (CBD), Secondary Business District (SBD) and Electronic City. Improved metro connectivity and reduced commute times are expected to drive higher occupier interest a..