Lemon Tree Hotels Secures 1-Year Validity Extension from DDA for 'Aurika, Nehru Place' Project

Lemon Tree Hotels Limited (NSE: LEMONTREE, BSE: 541233, CIN: L74899HR1992PLC140546) announced that its material subsidiary, Fleur Hotels Limited (FHL), has received a validity extension for the Letter of Award (LOA) issued by the Delhi Development Authority (DDA).

The project involves the development and operation of "Aurika, Nehru Place", an upcoming upscale 5-star hotel in South Delhi.

Key Details

Material Subsidiary Entity: Fleur Hotels Limited (FHL)

Awarding Authority: Delhi Development Authority (DDA)

Project Scope: Development and operation of a premier 5-star hotel on a licensed land parcel admeasuring 2.256 acres located in Nehru Place, New Delhi.

Original LOA Grant Date: August 14, 2025

Original LOA Validity Date: August 14, 2026

Revised Extended Validity Date: August 14, 2027 (1-year extension)

Date of Extension Acceptance: Acceptance of DDA's extension letter by Fleur Hotels Limited occurred on July 23, 2026.

Conditionality: The extension is mutually agreed upon and subject to necessary regulatory compliances on the part of DDA as per the original LOA and tender documentation.

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 109.25 as compared to the previous close of Rs. 110.30. The total number of shares traded during the day was 262772 in over 2877 trades.

The stock hit an intraday high of Rs. 110.40 and intraday low of 107.60. The net turnover during the day was Rs. 28548527.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 FleurHotels DDA ValidityExtension