Five-year tax holiday for the hotels in NCR

Last Updated: Saturday, January 23, 2010 - 17:43

Chandigarh: The Centre has decided to give a five-year tax holiday to new hotels coming up before March 31 this year in the NCR region to incentivise completion of projects ahead of the Commonwealth Games, Union Secretary of Tourism Sujit Banerjee said.

"This exemption would be given to 2, 3 and 4 Star hotels and not to the 5 Star hotels," Banerjee said in Gurgaon last evening.

The tax holidays are meant to be an incentive for the hotel industry to complete their projects before the Commonwealth Games when an estimated 1 lakh tourists are expected to arrive in India.

For these tourists about 40,000 hotel rooms would be required while there are only about 10,000 hotel rooms in and around Delhi, he said.

He said to fill in the huge gap of about 30,000 rooms, Haryana is chipping in with a commendable 6,700 rooms, the Delhi Development Authority with 2,300 rooms and Uttar Pradesh would provide 2,000 rooms.

In addition about 11,000 hotel rooms would be available from guest houses at Paharganj and Karol Bagh in Delhi and another 3,000 rooms from the bed and breakfast scheme in Delhi and Haryana, he said.

PTI



First Published: Saturday, January 23, 2010 - 17:43

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