BHOPAL: In a fresh push to revive one of Bhopal’s most iconic hospitality landmarks, the Madhya Pradesh government has announced a stamp duty and registration fee reimbursement for the private investor selected to redevelop the Lake View Residency Hotel, earlier known as Lake View Ashoka Hotel.
The decision, cleared by the state cabinet on Wednesday, is part of a broader public-private partnership strategy aimed at transforming the ageing property into a modern, revenue-generating asset.
Deputy Chief Minister Rajendra Shukla confirmed that tenders have already been floated and that the stamp duty reimbursement is intended to sweeten the deal for potential investors.