Reportedly, this move will also encourage the arrival of tourists in the luxury segment, which will also boost economic growth for the sector.
However, the RFQ will be reissued with a few changes in the rules and tenders will be floated globally to invite the best in the business for running Lalitha Mahal, which is due to celebrate its 100th anniversary.
It has been made on a raised ground and designed like St. Paul’s Cathedral in London with a large open space. It has 52 airy and spacious rooms true to a palace. Painted in white, this heritage property was converted into a hotel in 1974.
The palace has a beautifully made viceroy room, a dancing floor, a banquet hall and an Italian marble staircase and embellished with ornamentations, similar to the palaces in Britain.