ITDC to develop 5-star hotel at Pragati Maidan for ` 611 crore

The government has approved transfer of 3.7 acres of land at Pragati Maidan to ITDC and ITPO on a 99-year lease for `611 crore to set up a five-star hotel. India Trade Promotion Organisation, which manages Pragati Maidan, will undertake a mega project to redevelop the land into a world-class International Exhibition and Convention Centre.