Overview

• The Jammu and Kashmir government has approved a high-level committee to manage the handover of Centaur Lake View Hotel to Lago Vue Srinagar Private Limited.
• The Divisional Commissioner Kashmir will chair the committee, with key officials from multiple departments as members.
• Specific tasks include land documentation by the Revenue Department, inventory management by Public Works, and artifact handling by the Culture Department.
• Srinagar Municipal Corporation will address sewerage and access points, while SKICC will manage utility line segregation and open area demarcation.
• The transfer aligns with a 99-year lease agreement established in 1984 between the state government and the Hotel Corporation of India.