TAX HOLIDAY FOR DELHI BUDGET HOTELS

The Government is considering granting infrastructure status to all budget hotels and convention centers set up in Delhi and National Capital Region between now and the 2010 Commonwealth Games. This will enable them to enjoy a 10-year tax holiday as in case of other infrastructure projects such as roads, ports and power. The move will help to meet an estimated demand for 1,00,000 hotel rooms in Delhi and NCR during the Commonwealth Games and correct the skew that is currently in favour of luxury and first class properties.