Govt to Lease 24 Ministerial Bungalows Under PPP Model 📈

The Cabinet of Ministers has approved calling for Expressions of Interest (EOIs) to lease 24 identified state-owned bungalows and houses. The move aims to convert underutilised assets into economically viable ventures while reducing the fiscal burden on the State. • Investment Model: Properties will be offered on a 30-year lease basis under a Public-Private Partnership (PPP) framework. • Targeted Sectors: The government seeks to repurpose these assets for: • Diplomatic Missions and international organisations. • Tourism & Hospitality: High-end restaurants and boutique hotels. • Investment Projects: Other productive ventures and government-affiliated institutions. • Strategic Goal: Recommended by an Officers’ Committee, the plan focuses on "productive and economical utilization" without creating social concerns. This aligns with broader goals of leveraging state assets for national development and private sector participation. _Note: Process initiated following Cabinet approval on January 5, 2026._