gandhinagar the state government has signed a 20year contract with hospitality chain leela palaces hotels and resorts to hand over management of pm narendra modis pet project mahatma mandir the exhibition area in helipad ground and the underconstruction 300bed luxury hotel the combined value of the properties being rs 1200 crorea source close to the development in the industry and mines department said state nodal agency indextb was unable to manage market and generate expected revenues from mahatma mandir and the exhibition ground and so last year the government had issued tenders to hand over operation and management of the properties to a private company leela group of hotels has been selected for the contractthe source added according to the contract the responsibility of optimum use of all three properties will be on the leela group the group will be given 6 profit share in the total revenue generated from the three properties after deduction of all costs borne by themsources said the formal agreement has been signed but indextb may take another twothree months to hand over the properties according to sources mahatma mandir and the exhibition ground will now be open for private functions once the new arrangement starts working