India, Aug. 14 -- The Delhi Development Authority (DDA) has signed an agreement with Juniper Hotels Ltd for development of a five-star hotel in Sector 23, Dwarka, a project expected to attract over Rs.1,000 crore in capital investment and generate around 800 direct jobs.

The agreement was signed on August 12 in the presence of DDA vice-chairman N Saravana Kumar. Juniper Hotels was represented by chairman and managing director Arun K Saraf and president Amit Saraf.

The hotel will be developed on a licence-fee basis and is expected to become operational by 2030, officials said. It is one of four special licence-fee projects auctioned by the DDA over the past year and the first for which the authority has formally executed a licensing agre...