DDA'S SLP INITIATIVE SET TO YIELD ₹10K CR

The revenue projection includes annual fee escalations over the 55-year term.

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In a major boost to its revenue generation strategy, the Delhi Development Authority (DDA) has awarded the first project under its new Special License Property (SLP) initiative to Fleur Hotels, a subsidiary of Lemon Tree Hotels. The landmark project is expected to generate approximately Rs 10,000 crore over a 55-year period, the planning and development agency said.

The project involves the development of a five-star hotel on a 2-acre land parcel in Nehru Place and is the first to be awarded under DDA's revamped land licencing policy.