Taj Palace Hotel lease to IHCL extended by DDA for next 25 years

The Taj had originally entered into an agreement for the construction and license of the hotel with DDA for 30 years effective from April 1, 1983 & now will continue to operate the hotel till March 31, 2038

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Tata group hospitality major Indian HotelsCompany (IHCL) today said lease of its Taj Palace Hotel in the city has been renewed for 25 years from April 1 this year.

"The Indian Hotels Company Limited ( Taj Group) is pleased to confirm that it has received the consent from the Delhi Development Authority (DDA) confirming renewal of the license for the Taj Palace Hotel, Sardar Patel Marg, New Delhi for a further period of 25 years effective from April 1, 2013," the company said in a statement. 

The Taj had originally entered into an agreement for the construction and license of the hotel with DDA for 30 years effective from April 1, 1983. The Taj will thus continue to operate the hotel till March 31, 2038, it added.

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