Govt Clears PPP Redevelopment of Ashok & Samrat Hotels Under NMP; ₹1,200 Cr Investment Planned
The government has approved the PPP redevelopment of Ashok and Samrat hotels under the National Monetisation Pipeline, with an estimated ₹1,200 crore investment planned.
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PPP Redevelopment Approved Under NMP
The Government of India has cleared the redevelopment of the iconic Ashok and Samrat hotels through the Public-Private Partnership (PPP) model under the National Monetisation Pipeline (NMP).
₹1,200 Crore Investment Planned
The redevelopment project is expected to attract an estimated investment of ₹1,200 crore. The initiative aims to modernise the properties, enhance asset value, and unlock long-term revenue potential.
Boost to Hospitality Infrastructure
The move is aligned with the government’s broader strategy to revitalise public assets through private participation while strengthening India’s hospitality infrastructure.
Future Outlook
Industry stakeholders believe the redevelopment will improve service standards, upgrade facilities, and reinforce the positioning of these landmark properties within the country’s premium hospitality landscape.
