932-room hotel underway at Delhi Aerocity; to have one of India’s biggest convention centres

Realty developers Prestige Group and DB Realty have entered into a JV to develop a hospitality-led project spread over a 7.7 acre land parcel in Delhi’s Aerocity. The property is said to have 932 rooms and 6.50 lakh sqft of office space apart from a 2 lakh sqft convention centre. The project is expected to be completed by 2022. The transaction advisor of this deal is JLL India, shares an official source of JLL. DB Group acquired the development rights of the land from DIAL in 2009.