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Govt fixes ₹7,409 crore indicative worth for ‘The Ashok’ resort

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The federal government has fastened an indicative worth for Delhi’s iconic ‘The Ashok’ resort at ₹7,409 crore underneath the nationwide monetisation programme, in response to sources.

The Ashok and the adjoining resort Samrat are among the many eight India Tourism Improvement Corp property listed underneath the Nationwide Monetisation Pipeline (NMP) introduced by Finance Minister Nirmala Sitharaman final 12 months.

The sources stated investor session has already been undertaken and a cupboard notice for the sale of the sprawling 25-acre property within the coronary heart of the nationwide capital is into account.

“The Ashok resort’s monetisation will happen by way of public-private partnership (PPP) mode and an indicative worth of the resort has been fastened at ₹7,409 crore,” the sources advised PTI.

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In August 2021, Sitharaman introduced the ₹6 lakh crore NMP over 4 years to unlock worth in infrastructure property throughout sectors.

Niti Aayog in session with infrastructure line ministries had ready the report on the NMP.

The finance minister in a gathering with Niti Aayog CEO Parameswaran Iyer on November 14 reviewed the progress of NMP implementation.

The federal government has monetised property price ₹33,422 crore underneath the NMP in 2022-23 thus far with the Coal Ministry main the listing by elevating ₹17,000 crore, and the Ports and Transport Ministry surpassing its general fiscal goal.

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