Juniper Hotels Limited disclosed that its wholly owned subsidiary, Juniper Hospitality Assets Private Limited (JHAPL), has executed a License Deed with the Delhi Development Authority (DDA) on August 12, 2026. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and references the company's previous disclosure dated March 03, 2026.
The agreement involves developing a 5-Star Luxury Hotel at Sector 23, Dwarka, New Delhi, which is located in close proximity to Yashobhoomi, India International Convention and Expo Centre and Delhi International Airport.
Key Agreement Details:
- Parties: Juniper Hospitality Assets Private Limited (wholly owned subsidiary of Juniper Hotels Limited) and Delhi Development Authority
- Property: Land parcel in Sector 23, Dwarka, New Delhi admeasuring approximately 2.524 acres
- Purpose: Develop a 5-Star Hotel property after being declared as successful bidder for license rights of the said land
Significant Terms of the License Deed:
- Annual License Fees (ALF) Structure:
- No ALF payable during the first 42 months of the construction period
- ALF for the 4th year commences at ₹16.11 Crore, payable in four quarterly installments
- From the 4th year to the 13th year - ALF increases by 5% annually
- From the 14th year up to the 55th year - ALF increases by 7% annually
Relationship Details:
- JHAPL is a wholly owned subsidiary of Juniper Hotels Limited
- The parties are not related to promoter/promoter group/group companies in any manner
- The transaction does not fall within related party transactions