Hotels in Delhi to be allowed to build and sell flats to raise capital

Hotels will be allowed to use the 20% of the total built-up space, where they are permitted to set up a commercial and retail wing, to develop apartments

Travel News
Travel News

The government is planning to allow hotels to build and sell apartments in their complexes in Delhi, a move that may benefit several hotels in the city except those that fall within the restricted Lutyens' Bungalow Zone.

Hotels will be allowed to use the 20% of the total built-up space, where they are permitted to set up a commercial and retail wing, to develop apartments, a senior official at the Delhi Development Authority told ET.

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