DDA Struggling to Find Takers for Hotel Plots

April 2, 2007	(Be the first to rate this story!)  Loading ...
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The Capital seems to be jostling hard to sell its hotel plots before the Commonwealth Game begin as some famous New York and UK based hoteliers have queued up in Noida.

Of all the hotels lined up for the development, 14 five star and three star hotels are to come up in sectors along the Expressway. The Noida Development Authority has allotted plots to a number of international companies. Construction of these hotels is likely to make up for around 5,000 rooms.

M/s Crimson Hotels Limited, fast-growing hotel group in UK has bagged plot number H-7 in Sector 97, for the development of a five star hotel. Another plot on H-3 in Sector 96 has been purchased by New York based Hampshire Hotels and Resorts LLC.

The other hotel plots are believed to have gone in the bag of Indian companies from Delhi, Mumbai, Noida, and Gurgaon — ITC Limited, Swiss-Bel Hotel International Limited and Rendezvous Hotels International private limited are among them.

However, the DDA is still finding it difficult to earn the takers. The authority has succeeded in selling only two of the seven plots put for auction. The other reason being cited for the poor response to Delhi is the location of most of these plots — Dwarka and Rohini whereas South Delhi is known to be the prime choice of hoteliers.

The DDA is working on strategies to attract the attention of potential buyers. It had received an excellent response in 2006 when the authority put 16 sites for auction and 11 were sold.

News Published Under:   Delhi |

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