What is Yashobhoomi in New Delhi?

Yashobhoomi is a new convention and exhibition centre in Dwarka, New Delhi, designed to host large-scale international events.

What is ITC Hotels' new hotel project in Dwarka?

ITC Hotels is developing a premium 5-star hotel with banqueting and dining facilities at Yashobhoomi, Dwarka, New Delhi.

How much did ITC Hotels pay for the land at Yashobhoomi?

ITC Hotels paid a lease premium of ₹326.5 crore for approximately 91 years of leasehold land at Yashobhoomi.

Home / Business and Economy / ITC Hotels Secures Prime Delhi Land for New 5-Star Hotel

ITC Hotels Secures Prime Delhi Land for New 5-Star Hotel

9 Jan

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Summary

ITC Hotels leased land for a new 5-star hotel in Dwarka.
The lease premium for the land is ₹326.5 crore for 91 years.
The hotel will boost Yashobhoomi's status as a convention hub.

ITC Hotels Secures Prime Delhi Land for New 5-Star Hotel

ITC Hotels has been allotted leasehold land at Yashobhoomi, Dwarka, New Delhi, for the development of a new premium 5-star hotel. The agreement with India International Convention and Exhibition Centre Limited involves a lease premium of ₹326.50 crore for approximately 91 years. This expansion marks a significant investment in the Delhi NCR hospitality market.

The proposed hotel will feature contemporary banqueting facilities and signature cuisine, designed to complement Yashobhoomi's role as a major international venue for conventions and exhibitions. Anil Chadha, Managing Director of ITC Hotels Ltd, highlighted Yashobhoomi as a "game-changer" for the MICE industry, emphasizing the hotel's potential to showcase culinary and service excellence to global visitors.