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DLF bags Rs6,000 cr DDA contract to develop international centre

DLF bags Rs6,000 cr DDA contract to develop international centre
PTI
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First Published: Wed, Jul 18 2007. 02 34 PM IST
Updated: Wed, Jul 18 2007. 02 34 PM IST
Mumbai: Real estate developer DLF Ltd on 18 July said it has secured a Rs 6,000 crore contract from Delhi Development Authority (DDA) for constructing an international convention centre in Dwarka.
Located close to Indira Gandhi International Airport in one of the fastest growing sub-cities of the national capital, the centre would be designed, developed and operated by DLF, the company said in a communique to the Bombay Stock Exchange.
The centre would be designed as per international norms, and would be comparable to Singapore’s Suntec Convention Centre, it said.
The main convention hall of the centre, proposed to be set up on nearly two million sq ft area of Rs900 crore value, would be able to accommodate 12,000 delegates with telescopic seating arrangements. The hall would be capable of partitioned in multiple smaller halls.
The convention centre would consist of 25 meeting rooms with total seating capacity of over 2,000 delegates and two exhibition halls of 5,000 sq mt.
However, the hotel complex would comprise of 835 rooms of different categories. The complex would be constructed in an area of 6.5 lakh sq ft area.
There would also be a commercial complex in the centre, which would have food and beverages facilities, shopping malls, multiplexes, offices and ancillary support units.
The socio-cultural and community facilities would accommodate premium boarding and lodging complex for international students and diplomats, indoor and outdoor sports facilities, and global art and craft village.
Shares of DLF jumped 3.74% and were last trading at Rs633 on the BSE.
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First Published: Wed, Jul 18 2007. 02 34 PM IST