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The Delhi Development Authority has rolled out its revamped Special Licence Property framework, with Fleur Hotels, a subsidiary of Lemon Tree Hotels, securing the first project under this scheme. The company won the rights to develop a five-star hotel on a two-acre site in Nehru Place with an annual licence fee of INR 27.19 crore, significantly higher than the base rate. The 55-year contract is projected to generate INR 10,000 crore in revenue, while Aurika, the planned luxury property, will feature over 500 rooms and expansive facilities.
The Delhi Development Authority has launched its Special Licence Property (SLP) model by awarding the inaugural project to Fleur Hotels, a subsidiary of Lemon Tree Hotels. Under the agreement, the company will build a five-star property on a two-acre site in Nehru Place, following its successful bid of INR 27.19 crore per year-about 50 percent higher than the reserve price. Advertisement
Unlike freehold or perpetual lease arrangements, the SLP model allows the authority to retain ownership of land while ensuring steady revenue. Over the 55-year tenure, the deal is expected to bring in close to INR 10,000 crore, with annual increments built into the structure.
The hotel, branded as Aurika, is expected to become one of the largest luxury properties in Delhi, featuring more than 500 rooms, premium dining, large banqueting spaces, and leisure amenities. Lemon Tree Hotels has indicated that the Aurika brand aims to deliver experiences focused on elegance and service rather than conventional hotel stays.
Located at Nehru Place, a bustling commercial and transit hub, the project is being seen as a transformative step for Delhi's hospitality infrastructure. The move also sets the stage for similar licensing-based developments in healthcare, retail, logistics, and other sectors as the DDA scales its new policy.
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