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Lending Hotel Plots in Delhi becomes difficult for the DDA

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As per the sources available to www.propertykhazana.com, the National Capital appears to be pushing hard to sell out its hotel plots before the Commonwealth Game start, while few renowned New York and UK based hotel owners are lined up in Noida. All the hotels are in queue for the development and 14 five star and three star hotels are to rise in sectors along with the Expressway. Noida Development Authority has given plots to various global corporations and these hotels are expected to have about 5,000 rooms each. Plot number H-7 in Sector 97 has been grabbed by M/s Crimson Hotels Ltd. which is a rapid-growing hotel group in UK to develop five star hotels. One more plot on H-3 in sector 96 has been taken by New York Based Hampshire Hotels and Resorts LLC.
Still, some of other hotel plots are supposed to have gone into the bag of Indian companies from Delhi, Mumbai, Noida and Gurgaon and among them are ITC Limited, Swiss-BEL Hotel International Limited and Rendezvous Hotels International Private Limited. DDA is operating on plans to draw the interest of the potential purchasers and it has taken an outstanding reply in 2006 when the authority had put 16 sites for sale and 11 were sold out. For more information regarding the hotel plots logon to www.propertykhazana.com .
Source: NIMMA BENGALURU

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