Juniper Hotels Limited has received a Letter of Award (LoA) from the Delhi Development Authority (DDA) on March 02, 2026, after being declared the successful bidder for license rights to a prime land parcel measuring approximately 2.524 acres in Sector 23, Dwarka, New Delhi. This award is for the development and operation of a 5-Star Luxury Hotel. The LoA is valid for a period of 12 months from its issuance, during which the lease agreement will be executed. This strategic acquisition marks a significant expansion for Juniper in the National Capital Region (NCR), reinforcing its commitment to asset ownership and large-format hospitality developments in key metropolitan markets. The proposed hotel is expected to feature approximately 500 keys, Food & Beverage outlets, banqueting facilities, and some commercial space. This development will increase Juniper's total inventory in the NCR region to over 1,000 keys. The project aligns with the company's strategy of developing large-scale "big box" hotel assets in high-demand urban corridors. Mr. Arun Saraf, Chairman & Managing Director, stated that the project is a significant milestone in the company's targets and strengthens its position in NCR. He expressed confidence in the development creating value for stakeholders, leveraging the company's disciplined asset selection strategy and expertise in developing greenfield assets.
