New Delhi, Feb. 24 -- The Government of India, under the National Monetisation Pipeline (NMP) 2.0 has proposed the redevelopment of two brownfield hotels in New Delhi.

As per the report shared by the NITI Aayog, these hotels are Hotel Ashok, and Hotel Samrat, situated at the heart of the national capital.

The private sector investment that these projects attract shall be counted towards monetisation proceeds.

Under the proposed plan, Rs 820 crore has been earmarked for The Ashok Hotel and Rs 380 crore for Hotel Samrat.

The redevelopment project for Hotel Ashok is larger and is expected to be awarded in the initial period of NMP 2.0. A similar project for Hotel Samrat is expected towards the end of the period. The award for The Ashok r...