Centaur Hotel Transfer: J&K Forms High-Level Oversight Panel

2026-01-21 08:08:12

(MENAFN- Kashmir Observer) Srinagar- The Jammu and Kashmir government has approved the formation of a high-level committee to oversee the transfer of Srinagar's iconic Centaur Lake View Hotel to a private firm, Lago Vue Srinagar Private Limited, as per the terms of an existing concession agreement.

According to an order issued by the General Administration Department, the Divisional Commissioner Kashmir will head the committee, which includes the Deputy Commissioner Srinagar, the Commissioner of Srinagar Municipal Corporation, and officials from multiple departments.

The committee has been tasked with ensuring a smooth, time-bound transfer of the property, situated on the banks of Dal Lake. The hotel, inaugurated in 1984, was originally a joint venture between the J&K government and the Hotel Corporation of India, under a 99-year lease agreement.

Various departments have been assigned specific roles in the process. The Revenue Department will document land allocation and other property details, while the Public Works Department (R&B) will catalog items within the premises and advise on their removal.

The Culture Department will inventory antiques and artworks and provide recommendations for their handling. Meanwhile, the Srinagar Municipal Corporation will assess sewerage systems and access routes, and the SKICC will assist with interconnected utilities and open space demarcation.

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