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 Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..