ITC Hotels Ltd has secured land on a 91 year lease at Yashobhoomi, Dwarka, to develop a premium five-star hotel. The land, allotted by India International Convention and Exhibition Centre Ltd, spans approximately 3,648 square metres in ground coverage. The lease period is 91 years, with a lease premium of ₹326.50 crore.
Project Details
According to a regulatory filing, the hotel will be positioned as a premium five-star property with contemporary banqueting facilities and signature cuisine offerings. The development is aligned with the growing importance of Yashobhoomi as a convention and exhibition hub catering to domestic and international events.
ITC Hotels’ Managing Director Anil Chadha stated that Yashobhoomi has emerged as a key destination for the MICE (Meetings, Incentives, Conferences, and Exhibitions) industry, having already hosted major trade shows and conventions. The upcoming hotel is expected to support large-format events by offering integrated hospitality infrastructure within the convention district.
Key Highlights
- 91-year land lease secured at Yashobhoomi, Dwarka
- Lease premium of ₹326.50 crore
- 3,648 sq m ground coverage
- Proposed premium five-star hotel
- Located within Delhi-NCR’s growing MICE hub
- ITC Hotels currently operates 10 properties with 1,599 keys across Delhi-NCR
Why the Dwarka Micro-Market Matters
Dwarka, particularly the Yashobhoomi convention district, is evolving as a strategic hospitality and commercial micro-market in Delhi-NCR. The presence of a large international convention and exhibition centre positions the area as a high-potential zone for business tourism and event-driven demand.
Improved connectivity, proximity to the airport corridor, and expanding social infrastructure enhance the area’s attractiveness for institutional hospitality investments. Large convention centres typically generate steady room demand, banqueting business, and ancillary commercial activity, which can support long-term asset viability.
What This Means for Buyers and Investors
For investors tracking hospitality real estate in Delhi-NCR, the ITC Hotels Yashobhoomi Dwarka project signals continued institutional confidence in the MICE-driven hotel segment. Long-term leases of 91 years indicate a strategic commitment to the micro-market. Commercial property investors may monitor potential spillover demand in nearby retail, serviced apartments, and mixed-use developments. However, hospitality investments remain sensitive to occupancy cycles, event frequency, and macroeconomic conditions.