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Omaxe Group to invest 2500 crore on commercial-cum-sports complex project in Dwarka

Sep 02, 2024 07:47 PM IST

Omaxe Group is developing the project in partnership with DDA under the public-private partnership (PPP) model. It will come up in Delhi's Dwarka area

Delhi-based Omaxe Group will invest 2500 crore on a commercial-cum-sports complex at Dwarka spanning over 50.4 acres, the company said on September 2. 

The project is expected to be completed by 2027 and likely to generate over 4,200 crore in revenue during its lifecycle, the company said in a statement.

The Omaxe State project to come up in Dwarka will be an integrated 5-in-1 destination with sports, retail, hospitality, food and culture arena featuring a state-of-the-art cricket-cum-football stadium
The Omaxe State project to come up in Dwarka will be an integrated 5-in-1 destination with sports, retail, hospitality, food and culture arena featuring a state-of-the-art cricket-cum-football stadium

Omaxe has launched The Omaxe State that comprises a sports complex, retail area and a hotel.  The company will build a cricket-cum-football stadium besides providing indoor games facilities, it said.

Where will the project be located?

To be located in Sector 19-B, New Delhi, the project is being developed in partnership with the Delhi Development Authority (DDA) under a public-private partnership (PPP) model, with an investment over 2500 crore, the company said in a statement.

The Omaxe State will feature a modern ICC and FIFA-standard International cricket-cum-football stadium with a seating capacity of over 30000, as well as an international multi-sports indoor stadium that can accommodate 2000 spectators, it said.

Also Read: Omaxe to develop two bus terminal projects in Lucknow and Ayodhya Dham worth 385 crore

The Omaxe State will feature a sports district, a shopping district, a hospitality district, a food district, and a social district. The food district will be inspired by London's Covent Garden and Carnaby Street. It will span over 5 lakh square feet and feature more than 40 fine dining restaurants, night and day clubs, sports bars, three drive-throughs, a large food court, rooftop restaurants, food kiosks, food trucks and banquet facilities, the company said in a statement.

Beyond retail, the facility will include a by-invitation sports and leisure club, a 75,000 sq. ft. e-sports arena, and a hotel with 148 keys. The complex will also feature a large banquet space with multi-level parking, an event arena for social and cultural events, an Olympic-sized swimming pool and tennis, badminton, squash, basketball, and football facilities, it said.

Also Read: 3 bus stops to be remodelled with world-class tech; contracts inked

“With ‘The Omaxe State,’ we aim to provide Delhiites with an international-level experience right here in their own city. This development will bridge a significant gap in Delhi’s infrastructure by offering a world-class venue for sports, shopping, and entertainment. We are thrilled to contribute to the city’s growth and elevate its profile with this unique 5-in-1 destination,” said Mohit Goel, Managing Director of Omaxe Group.

The facility is located close to Yashobhoomi, Asia's largest convention center, IGI Airport, Bharat Vandana Park and the upcoming diplomatic enclave.

Also Read: DDA Housing Scheme 2024: Online registration of flats begins, check prices, how to apply and other details

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