Announced Fri, 24 Jul · 20:54 IST
DDA extends Fleur Hotels' Aurika Nehru Place LOA by 1 year to Aug 2027
Business Updates View source PDF
LEMONTREE · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹109.81
prior close
₹110.36
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.8+0.9+1.0+1.6——————————
Up moveDown movePending
AI summary
Lemon Tree Hotels' material subsidiary Fleur Hotels received a 1-year extension on its Letter of Award from Delhi Development Authority (DDA) for the Aurika, Nehru Place project. The LOA, originally valid till Aug 14, 2026, now extends to Aug 14, 2027, subject to DDA compliances. The project covers development and operations of a 5-star hotel on a 2.256-acre prime land parcel in Nehru Place, New Delhi. Terms of the original LOA remain unchanged.
Likely market impact
Positive for Lemon Tree - extra year to finalize development of 5-star hotel at prime Nehru Place location with government (DDA) backing.