Archive · 17 Aug 2025
DDA Awards First Project Under Revamped Licensing Policy
The Delhi Development Authority (DDA) is starting a new way to let companies use land.
Instead of selling land, they will give long-term licenses.
The first project using this new plan went to Fleur Hotels, a part of Lemon Tree Hotels.
The deal is expected to make around 10,000 crore over 55 years.
This project will build a big hotel in Nehru Place.
This new method is a shift from the older ways DDA used to handle land.
DDA awarded its first project under the new Special License Property initiative.
The project is with Fleur Hotels Pvt Ltd, a subsidiary of Lemon Tree Hotels.
The project involves the development of a five-star hotel.
It is located on a 2-acre land parcel in Nehru Place.
The project is expected to generate approximately Rs 10,000 crore over 55 years.
- Who
- Delhi Development Authority (DDA) and Fleur Hotels.
- What
- DDA awarded its first project under the new Special License Property initiative.
- When
- Not explicitly mentioned.
- Where
- Nehru Place, Delhi.
- Why
- To boost DDA's revenue generation, shifting from conventional freehold and perpetual lease models to a long-term development model.
Benefits
Concerns
Financial Impact
Benefits
Generates revenue for DDA.
Concerns
Long-term development through infrastructure.
- Initiative
- Special License Property (SLP)
- Winning Bidder
- Fleur Hotels Pvt Ltd
- Parent Company
- Lemon Tree Hotels
- Land Parcel
- 2-acre in Nehru Place
- Projected Revenue
- ₹10,000 crore
- License Term
- 55 years
