Tripura’s Heritage Hotel: Lease agreement between the Government of Tripura and Indian Hotels Company Limited (IHCL), a Tata Group enterprise signed to construct a luxurious five-star heritage hotel at the historic Pushpabanta Palace. This Taj Heritage Hotel will boost tourism and create 200 jobs, with completion targeted within two years. Learn more about this prestigious project.
Agartala, May 20, 2025: In a landmark development for Tripura’s tourism sector, Chief Minister Dr Manik Saha announced the official signing of a lease agreement between the Government of Tripura and Indian Hotels Company Limited (IHCL), a Tata Group enterprise, to develop a luxurious five-star heritage hotel at the historic Pushpabanta Palace.
Speaking at the ceremonial signing event, Dr Manik Saha expressed pride over the collaboration with IHCL, a brand under the prestigious Taj Group. “During our visits to other states, we would admire the grandeur of Taj hotels and dream of having one in Tripura. Today, that dream is turning into reality,” he said, applauding the relentless efforts of both state and IHCL officials.
The Chief Minister revealed that although the initial Memorandum of Understanding (MoU) had been signed earlier, the lease agreement formalizes the project and allows immediate commencement of work. While IHCL initially requested a three-year timeline, the state government has urged completion within two years.
Pushpabanta Palace, built in 1917 and formerly used as the Governor’s House, will now undergo restoration and retrofitting to accommodate 100 rooms, including four regal suites replicating palace aesthetics.
Pushpabanta Palace, built in 1917 and formerly used as the Governor’s House, will now undergo restoration and retrofitting to accommodate 100 rooms, including four regal suites replicating palace aesthetics. “This is a proud moment for Tripura. Officials confirmed that this kind of state-level lease agreement with IHCL is unprecedented in India,” Dr. Saha added.
He emphasized that the conversion of the palace into a heritage hotel marks a significant step in utilizing historic properties to promote tourism. “This initiative opens new doors for both domestic and international tourists, boosting the state’s visibility as a premium travel destination.”
Work on retrofitting the palace has already begun, and the property was officially handed over to IHCL today. The project is expected to generate around 200 local jobs, contributing to the state’s employment landscape. Dr Saha acknowledged that several challenges were encountered during the planning phase, but collaborative efforts helped overcome them. The government has allocated 7.78 acres of land for the development.
| Earlier Post: Tripura Sign Historic MoU with IHCL of TATA Group to Boost Tourism and Hospitality Sector |
Tripura Tourism Minister Sushanta Chowdhury, who was also present in the Lease Signing event, said the initiative will help the State economy to roll forward and create new opportunities for jobs.
Among others, PWD Secretary Kiran Gitte, Tourism Secretary UK Chakma, Secretary PK Chakraborty, and senior officials from IHCL attended the programme.
