&w=3840&q=100)
Bids open to run Delhi's Roshanara Club Cafe, gueshouse for ₹8 lakh/month
For investors, hospitality entrepreneurs, or boutique café operators looking for a long-term foothold in Delhi's premium club space, this tender may be worth a close look.
What's on Offer?
Under the latest tender, the DDA is inviting bids from private companies to operate the café outlets, poolside kitchen, guest houses, and Cricket View Café at the Roshanara Clubhouse for a minimum period of 3 years, extendable up to 9 years.
"The time period is extendable for a period of three years automatically, in case there are no serious complaints, and a further period of a three-year extension on mutual consent, which makes it a total of nine years," the tender states.
Key terms include:
Monthly license fee: ₹8 lakh + taxes
Initial term: 3 years
Extension: Automatic for 3 more years if performance is satisfactory, plus another 3 on mutual consent
Promotional branding: Allowed within the premises
Access: Clubhouse areas remain exclusive to members and guests; poolside café open to public via pay-and-play model
Where's the Opportunity?
For potential licensees, the real appeal lies in the club's exclusivity, history, and prime location in North Delhi's Civil Lines. Spread over 22 acres, the property includes heritage architecture, sprawling green views, and deep ties to Indian cricket and colonial-era leisure.
The opportunity could attract:
Premium F&B brands looking to build brand recall in an elite environment
Hospitality operators seeking a low-risk foray into Delhi's high-end guest house segment
Event and catering firms hoping to tap weddings, private parties, and poolside dining experiences
According to its website, British bureaucrats and the emerging Indian elite settling down in Civil Lines joined hands in 1922 to form the club on the western side of the Roshanara Garden.
The club is also considered the birthplace of the Board of Control for Cricket in India (BCCI).
As per the tender, the contracted firm will be allowed promotional branding within the licensed premises.
The facilities in the Clubhouse building will be exclusive to the members and their guests. However, the Pool Side Cafe facilities will be available for non-members availing pay-and-play facilities, the tender added.
Is This a Worthwhile Business Bet?
For established F&B brands, hospitality chains, or experienced club operators, this long-term licence offers a unique chance to align with an elite legacy address—minus the ownership headache.
But for first-time investors or individual entrepreneurs, the capital intensity and operational restrictions may prove to be steep entry barriers.
Interested parties should review the tender terms in detail, do their math, and consider the long-term brand value in addition to the bottom line.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
28 minutes ago
- Business Standard
Looking to maintain double-digit profit growth in FY26: MHRIL CEO Bhat
Mahindra Holidays & Resorts India is looking to maintain a double-digit growth in its consolidated profit for the remaining part of this fiscal, buoyed by a strong performance in the first quarter, according to its Managing Director and CEO Manoj Bhat. The company, which plans to add about 1,000 rooms this fiscal as part of its overall target of increasing its key count to 10,000 by FY30, is on track with inventory additions, Bhat told PTI. "If you look at the consolidated profit growth of 18 per cent in Q1, I think that would be our target. In that range, we will look at growing our profits through the course of the year," he said when asked for the outlook for the remaining part of the fiscal year. In the first quarter, Mahindra Holidays & Resorts India Ltd (MHRIL) had posted a consolidated profit after tax of Rs 7.2 crore against Rs 6.1 crore in the year-ago period, up 18 per cent. Its total income increased 8 per cent to Rs 740.2 crore compared to Rs 686.1 crore in the corresponding period of the preceding fiscal. In the first quarter, Indian operations continued to do well, and the "international operation is stable" but not "completely out of the woods", Bhat said. On the company's room additions, Bhat said, "Our inventory addition plans are also on of the additions will probably come in the second half of the fiscal or later in the second quarter". In January this year, Bhat stated that MHRIL will be adding 1,000 rooms by March 2026. "We are well on track for that. We will be adding quite a few resorts, about four in Maharashtra, one each in Goa, Rajasthan, and Madhya have started work, in addition, in Puducherry," he noted. As per the company's investor presentation for the quarter ended June 30, 2025, MHRIL has a cumulative base of 5,794 keys. It has two greenfield projects currently underway -- a 236-key resort at Ganpatipule in Maharashtra and another 157-key property at Theog in Himachal Pradesh. The company also has three brownfield projects -- a 102-room property at Kandaghat in Himachal Pradesh, another 39-key property, Treehouse at Jaipur and another 62-key resort in Puducherry. As of June 30, 2025, the company has 126 resorts across India and abroad. Its Finnish subsidiary, Holiday Club Resorts Oy (HCR), has 33 timeshare properties, including nine spa resorts in Finland, Sweden and Spain. When asked about membership addition, Bhat said the company added about 3,000 members in the first quarter and will look to maintain the pace through the year. On the company's European operations, he said that with the Finnish economy not doing too well, coupled with Ukraine-Russia war, and uncertainty over tariffs in the near term, not much of a change is expected. "As I said, if it is stable, we think that that's good," Bhat noted.


Economic Times
28 minutes ago
- Economic Times
Hybrid Funds: A smart counterweight in volatile markets?
Tired of too many ads? Remove Ads But Tariffs Are Only Part of the Picture Tired of too many ads? Remove Ads Why People Are Paying More Attention to Hybrid Mutual Funds Not Immune, But Able to Take in Crises Tired of too many ads? Remove Ads Volatility Is No Longer an Outlier; It's Built In Not a "Safe Haven," But a Market Buffer Conclusion (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) Since October 2024, the Indian stock market has been very volatile, with corrections, global disruptions, and a growing gap between fundamentals and of February 2025, benchmark indices like the Sensex and Nifty 50 are down 10–11% from their highs, which means they have lost most of the gains they made in the last three months of 2024. The mid-cap and small-cap segments have dropped even more, down 15% from recent highs. This shows how quickly sentiment has changed in less liquid parts of the main cause isn't just in the US. Donald Trump, the President of the United States, is pushing for tariffs again. For example, he wants a 25% import duty on Canada and Mexico and 10% on China. This has caused a ripple effect. India's volatility index (VIX) shot up right after he won the election, showing how changes in policy from outside the country can still cause instability inside the the same time, China has released DeepSeek, an AI model that could change the way the world talks about technology. At the same time, tensions between countries are rising, manufacturing data is still slow, and corporate profits have dropped since the second quarter of FY25. Concerns about rising prices and inflation linked to climate change and raw materials prices make the market even more complicated and Leaving, Domestic Flows Staying Strong Up January 2025 saw a sharp ₹78,000 crore sell-off by foreign institutional investors (FIIs), which made the pressure even worse. Some of the selling has been taken up by domestic investors, but the imbalance is clear, especially in the broader market, where liquidity is lower and stories change portfolios, especially those that are heavily invested in aggressive equity mutual funds, have been hit hard. The values of all stocks have gone down, and the drop in mid- and small-cap stocks has been much worse than what the headline indices are looking at hybrid mutual funds, which mix stocks and bonds, in a different way in this market. Not because they are "safe" or "conservative," but because they show that you can adapt to a market that is changing quickly. Hybrid funds have been around for a while. People are no longer seeing them as a fallback, but as a way to stay invested without being fully exposed to one direction of the funds can lean more towards growth or stability, depending on the type:Aggressive hybrid funds, which invest 65–80% of their money in stocks, let capital grow but also take some of the shocks that pure equity funds can't allocation funds, which invest in gold or other asset classes, do well when stocks are under stress because they don't move in the same hybrids, on the other hand, focus on debt and only have a small amount of equity exposure. This is useful when stability is more bear markets of the past, hybrid funds have had drawdowns, but they've handled them example, during the COVID-led sell-off in early 2020, aggressive and multi-asset hybrid funds fell less than pure equity funds. The reason is that assets are automatically rebalanced and spread out. When stocks fall, the debt part (and sometimes gold) helps make up for some of the same mechanism is still important today, when news can cause intraday swings and headlines from outside the market can change the ratings of whole sectors only are markets more volatile since 2024, but that volatility has also become a part of the structure. Supply chains, energy prices, and geopolitical alignments are all changing, which means that risk is no longer a one-time thing; it's built into the easy to see why a product that changes its asset mix on the fly would be appealing in this situation, both in terms of returns and risk management. Especially when investors don't want to be completely wrong or completely right important to know that hybrid funds can still lose money. They still have market risk, especially the ones that invest a lot in stocks. But what they do give you is time and space: time to move things around and space to deal with corrections without losing all your importance doesn't grow in bull markets; it grows in transitions, which is where we are right are paying more attention to hybrid mutual funds again, but it's not because they want to make money or avoid risk. It's about realising that the market has changed permanently, not just for a short things get more volatile and correlations break down, asset allocation itself becomes the product. In that sense, hybrid funds aren't a compromise; they're a sign of how hard it is for investors to navigate the market right now.(The author of the article is Chakravarthy V, Cofounder & Executive Director, Prime Wealth Finserv Pvt Ltd.)


Economic Times
28 minutes ago
- Economic Times
Markets remain jittery but downside appears limited: Rahul Ghose
The markets continued to remain under pressure as the Nifty logged its fourth straight week of losses. Although the index attempted a recovery in the early part of the week, it failed to move past the previous week's high of 25,250, leading to a broad-based sell-off in the final two sessions. Tired of too many ads? Remove Ads Lets start with your view on the market. How do you see the market these days? Tired of too many ads? Remove Ads How has the earnings season been so far? Does it look like it will only push the market down? Does there seem to be a head & shoulder-like pattern on the daily chart? What's the take on Nifty Bank now? Any trading Strategies for the upcoming week? How does Bajaj Finance look after Q1 results? Another interesting stock these days is IEX. What would be your take on IEX after the entire market coupling scenario? Tired of too many ads? Remove Ads What do you think can support the market now? Any optimism in sight? Which sectors are you focused on now? Any stocks within those sectors? Financials: HDFC Bank, ICICI Bank, Bajaj Finance Industrials: L&T, Siemens Pharma – Torrent Pharma, Cipla, Dr Reddy's The markets continued to remain under pressure as the Nifty logged its fourth straight week of losses. Although the index attempted a recovery in the early part of the week, it failed to move past the previous week's high of 25,250, leading to a broad-based sell-off in the final two sessions. The decline intensified on Friday, with the index breaching key support levels and ending the session with a 0.92% loss. Over the week, Nifty fell by 0.55%, closing at 24, a technical standpoint, the index's structure has weakened significantly. On the daily chart, Nifty had been moving within a 'Rising Channel' pattern since May. However, the breakdown below the lower trendline this week confirms a bearish reversal. Notably, this move was accompanied by a bearish gap, classified as a 'Breakaway Gap,' which lends additional weight to the negative outlook. Furthermore, the index slipped below its 50-day EMA, a critical support level that had held firm until this, Rahul Ghose , Founder and CEO of Octanom Tech and interacted with ET Markets regarding the outlook for the Nifty and Bank Nifty for the upcoming week. The following are the edited excerpts from his chat:The Indian stock market appears somewhat jittery at the moment. We've seen both the Nifty and Sensex drop pretty sharply, although the mood feels cautious now, the downside will be short-lived from here. Much of the action is specific to individual stocks and sectors, particularly when companies announce their quarterly earnings. But even though the Nifty has been making a series of lower highs and lows lately, all is not lost, the downside is very limited and the upside is more might look at the fact that we are about to close the month of July with a dark cloud colour candlestick pattern just around the prior resistance. This is a warning sign for bulls of a potential further downside. However, our earlier view of Nifty possibly making an all-time high before Diwali is still intact, as we feel this pattern will get negated in August, for this quarter have been reasonably good on aggregate, with major companies managing solid profit growth. But the reaction on the street's been mixed—some heavyweight disappointments have hurt overall sentiment, even as several companies posted strong numbers. So, while earnings aren't dragging the market down single-handedly, lacklustre showings from big names are weighing things traders are talking about the possibility of a head & shoulders pattern emerging on the Nifty charts. We aren't there yet—a clear breakdown below 24600 only would confirm it. For now, I'd call the setup 'one to keep a very close eye on.' The next few sessions could be Nifty has been relatively stronger but is still seeing some selling. If it manages to hold above the 56,000–57,000 zone, a rebound can be expected. I'm keeping a neutral stance for now, but a good upside potential will trigger if Nifty closes above 25,200, watching to see how earnings play out for the big Bank Nifty charts are better than the Nifty is a good market for being nimble and disciplined. I'd focus on predefined support and resistance levels, avoid chasing momentum, and look for trades around earnings events. Stock selection really matters right now, and strict stop-losses are vital given the spikes in Finance's first quarter was strong; profits and revenues were up sharply. That said, the stock reacted negatively, mostly because the bar was set so high and the broader market mood is nervous. I'd look for opportunities to add on further dips, especially if its asset quality remains IEX is the dominant platform for electricity spot price discovery in India. However, under the new framework, other exchanges, including Hindustan Power Exchange, will also participate in market coupling operations. This is expected to dilute IEX's influence in the price discovery process and create more equitable market is anticipated that the regulatory change may affect IEX's long-held pricing advantage and trading volumes. This fundamentally alters market structure and puts pressure on IEX's revenue model. Investors will rerate the stock with a structurally weaker the stock is not looking very positive with a strong bearish close on weekly time frames. Such chart structures tend to signify a prolonged sideways movement with limited we see some pleasant surprises on the earnings front, progress on economic reform, or global headwinds easing off, markets could stabilize or even bounce. Certain sectors and companies will likely keep powering ahead, even if the overall mood remains a bit downbeat. The trade deal with India could also be a major factorI'm fairly positive on power/renewables, select private banks and Pharma, capital goods, and to a degree. These areas are showing earnings resilience and have policy tailwinds supporting them.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times