DDA to allocate two plots in Nehru Place and Dwarka for five-star hotels, ET RealEstate
NEW DELHI: As part of its initiative to generate revenue from unused land, Delhi Development Authority (DDA) will allocate two plots in Nehru Place and Dwarka for the construction of five-star hotels. The land parcels will be given to developers through a licence fee arrangement for a period of 55 years.
The initiative aims to encourage public-private collaboration for Delhi’s development, the authority said.
“The plot at Nehru Place (Plot no A4) in south Delhi measures around 2.2 acres while the plot at Dwarka Sector 23 (Plot A) measures over 2.5 acres. For the development of hotel facilities, the developer will need to abide by all development control norms as specified in the MPD 2021 and unified building bylaws 2016. Further, the star rating guidelines as per the ministry of tourism shall be strictly applicable while developing the projects,” it stated.
As per the project plan, for the Nehru Place site, a floor area ratio (FAR) of 325 will be allowed with permission for 50% ground coverage. At the Dwarka site, an FAR of 375 with 40% ground coverage will be allowed. “Since both the sites are vacant, it will be easier for the developer to begin work,” said the authority.
DDA will publish the request for proposal for the project on May 5 and give the opportunity to interested developers to visit the sites from May 5 to June 18. The last date for submission of queries is May 20 while the due date for bidding will be June 19.
According to authority officials, as the land parcels available at DDA’s disposal are depleting fast, alternative modes of disposal of land are being adopted for generating revenue on a regular basis. In its budget, approved in a meeting chaired by LG V K Saxena on April 24, DDA had approved the rollout of major projects on a licence fee basis, as it can be a sustainable source of revenue for it.
The projects included the development of hotels at Dwarka and Nehru Place, a hospital at Dwarka, a multi-integrated stadium and sports complex at Rohini and Narela, corporate offices at Rohini, and a gold souk at Dwarka.
DDA has already floated expressions of interest for developing the gold souk. “A gold souk does not only mean gold markets; it will also include multiple commercial activities and world-class hospitals, which we lack in Delhi, among other facilities,” LG had stated earlier.
DDA has also approved 50 acres of land each for two sports complexes at Rohini and Narela and issued expressions of interest.
“Provisions for world-class stadiums with hotels and accommodations for athletes, similar to international sports hubs, will be made at these complexes. They will be used for organising international sports events, and if a team from another country arrives, it will have training facilities, lodging, dining and entertainment, all within the same complex. We have also allocated land for corporate offices and invited expressions of interest,” said an official.
