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Mysore/Mysuru: The tender value for leasing Lalitha Mahal Palace Hotel has been fixed at Rs. 3.76 crore, with bidders required to submit an Earnest Money Deposit (EMD) of Rs. 25 lakh. Under the terms laid down by the Government, the private firm that wins the contract will manage and operate the hotel and pay the State an annual lease amount starting at Rs. 4 crore. The lease amount will increase by 10 percent every year. Accordingly, the operator must pay Rs. 4 crore in the first year, Rs. 4. ...Read More >
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