ITC Hotels gets 91-year lease for land at Yashobhoomi, New Delhi

ITC Hotels Ltd has received the allotment of leasehold land at Yashobhoomi, Dwarka, New Delhi, from India International Convention and Exhibition Centre Ltd for developing a premium five-star hotel.

The land has been allotted on a long-term lease of 91 years and will be used to build and operate a luxury hotel with contemporary banqueting facilities and ITC Hotels’ signature cuisine offerings. The proposed property is expected to strengthen Yashobhoomi’s position as a key international destination for conventions, conferences, exhibitions and marquee events.

The lease involves a premium of ₹3.3 billion. The allotment has been awarded by a domestic entity and does not involve any related-party transaction.

ITC Hotels said the new hotel will blend premium hospitality with curated dining experiences, leveraging its established culinary brands. The project is also expected to enhance the group’s presence in the Delhi-NCR region, where ITC Hotels already operates ten properties with 1,599 keys across brands such as ITC Hotels, Welcomhotel and Fortune.

The company disclosed the development under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements Regulations..