IHCL will invest up to ₹50 million in restoring, beautifying, and landscaping the 19th-century heritage landmark on Kolkata’s River Hooghly. Indian Hotels Company (IHCL), India’s largest hospitality group, has signed a memorandum of understanding (MoU) with Syama Prasad Mookerjee Port, Kolkata, to redevelop Chotelal Ki Ghat, a Grade I heritage site along the River Hooghly....
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MbPT locked in legal battle with IHCL
Mumbai Port Trust (MbPT) and Indian Hotels Company (IHCL) are locked in a legal battle over paying of rent by the latter for the land IHCL occupies in Mumbai. According to media reports, MbPT demands a 'fair rent' from IHCL on the basis of six per cent yearly rent on the market value of the land as per the Ready Reckoner Rate