Real estate firm Omaxe Group has announced a substantial investment of Rs 2,500 crore to develop a state-of-the-art 50-acre commercial-cum-sports complex in Dwarka, New Delhi. This ambitious project, named ‘The Omaxe State,’ aims to create a unique blend of sports, retail, hospitality, and entertainment facilities that will cater to the growing demand for world-class infrastructure in the nation’s capital. The development is poised to transform Dwarka into a modern hub of sports, leisure, and commerce, aligning with Omaxe’s vision to expand its business footprint in the region.
The Omaxe State: An Ambitious Vision for Delhi
Omaxe Group’s latest project, ‘The Omaxe State,’ is envisioned as a one-of-a-kind development that brings together various elements to create a holistic urban experience. Spread over 50.4 acres in Dwarka Sector 19-B, this mega-project will be developed in partnership with the Delhi Development Authority (DDA) under a public-private partnership (PPP) model. This collaboration aims to provide the necessary infrastructure to meet the needs of a rapidly growing population in Delhi, which has long lacked a world-class sports complex.
In a statement, Omaxe emphasized the significance of this project for the city: “Delhi, the capital of India with a population of more than 3.3 crore, has long awaited a world-class cricket stadium.” With this in mind, the group aims to fill the void by creating a multi-faceted space that will cater to sports enthusiasts, shoppers, food lovers, and those seeking entertainment, all in one location.
A Comprehensive Sports and Entertainment Destination
‘The Omaxe State’ is designed to be a comprehensive destination that combines sports, retail, hospitality, food, and social activities. The project will be organized into five distinct districts:
- The Sports District: This district will be the centerpiece of the development, featuring a world-class international cricket-cum-football stadium built to ICC and FIFA standards. The stadium will have a seating capacity of over 30,000, providing Delhi with its much-awaited venue for hosting international sports events. Additionally, the sports district will include an international multi-sports indoor stadium with a capacity for 2,000 spectators, equipped to host a wide range of indoor games.
- The Shopping District: A modern retail area will offer a diverse shopping experience, catering to different tastes and preferences. This district will house a mix of global and domestic brands, creating a dynamic shopping destination for residents and visitors alike.
- The Hospitality District: This district will feature a high-end hotel with 148 keys, providing accommodation for tourists, business travelers, and sports teams. The hotel will offer luxurious amenities and services, including fine dining, conference rooms, and recreational facilities.
- The Food District: A dedicated food district will offer a wide range of culinary delights, from local street food to international cuisine. It aims to become a hub for food lovers, providing an eclectic mix of dining options.
- The Social District: This district will cater to social gatherings and community events. It will include an exclusive invite-only sports and leisure club and a 75,000-square-foot E-Sports arena, creating a vibrant social and recreational hub.
Bridging the Gap in Delhi’s Infrastructure
Omaxe Group aims to bridge a significant gap in Delhi’s infrastructure with the development of ‘The Omaxe State.’ Mohit Goel, Managing Director of Omaxe Group, stated, “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.”
The project will provide Delhi with a much-needed international-level sports complex, fulfilling the long-standing demand for a modern cricket stadium and multi-sports facility. Additionally, the development will enhance the city’s commercial, retail, and hospitality landscape, contributing to economic growth and urban development.
A Major Investment in Delhi’s Future
The Rs 2,500 crore investment by Omaxe Group reflects the company’s commitment to expanding its business and enhancing the urban landscape of Delhi. The project is expected to generate over Rs 4,200 crore in revenue during its lifecycle, demonstrating its potential as a significant economic driver for the region. The collaboration with the Delhi Development Authority (DDA) under a public-private partnership (PPP) model underscores the importance of private investment in supporting public infrastructure projects.
The commercial and sports complex will serve as a catalyst for local economic growth by attracting tourists, sports enthusiasts, and businesses. It will create numerous job opportunities during construction and post-completion phases, boosting the local economy. Moreover, the project will position Dwarka as a prime destination for international events, further enhancing its reputation as a modern urban center.
A World-Class Sports Complex for Delhi
One of the most notable aspects of ‘The Omaxe State’ is the construction of a world-class, modern ICC and FIFA-standard international cricket-cum-football stadium with a seating capacity of over 30,000. This facility will be capable of hosting major international sporting events, providing Delhi with a venue that meets global standards. Additionally, the multi-sports indoor stadium, with a capacity of 2,000 spectators, will support a range of indoor sports, further enriching the city’s sports infrastructure.
The sports facilities will provide aspiring athletes and sports enthusiasts in Delhi with a platform to train, compete, and showcase their talents. It will also attract international sports events to the city, contributing to the growth of sports culture and tourism in the region.
The Development’s Impact on Delhi’s Real Estate Market
The launch of ‘The Omaxe State’ is expected to have a positive impact on the real estate market in Dwarka and the broader Delhi region. By creating a new hub for sports, retail, hospitality, and entertainment, the project will increase the desirability of the area for both residents and investors. The development will likely drive demand for residential and commercial properties in the vicinity, contributing to higher property values and rental rates.
Moreover, the project’s scale and ambition are expected to attract further investments in the area, spurring the development of complementary infrastructure such as roads, public transportation, and utilities. This will enhance connectivity and accessibility, making Dwarka a more attractive location for businesses and residents.
Omaxe Group’s Journey and Future Plans
Founded in 1987 by Rohtas Goel, Omaxe began as a construction and contracting company before evolving into a leading real estate developer. Over the years, the group has delivered more than 132 million square feet of realty space, including 21 group housing projects, 10 integrated townships, and 14 commercial malls, office spaces, hotels, and shop-cum-offices (SCOs). Omaxe is listed on the NSE and BSE and has a strong presence in 29 cities across 8 states in India.
Currently, the group has 22 million square feet of space under construction, including 7 ongoing integrated townships, 5 group housing projects, and 7 commercial malls, office spaces, hotels, and SCOs. The launch of ‘The Omaxe State’ is part of the company’s strategy to expand its footprint in the commercial and sports infrastructure segment.
Omaxe Group’s investment in ‘The Omaxe State’ reflects its commitment to innovation and excellence in real estate development. The company aims to continue delivering high-quality projects that meet the evolving needs of urban communities while contributing to the economic and social development of the regions where it operates.
A New Era for Sports and Entertainment in Delhi
The development of ‘The Omaxe State’ marks a new era for sports and entertainment in Delhi. By creating a world-class sports complex and a vibrant commercial hub, Omaxe Group is set to redefine the city’s urban landscape. The project will provide residents and visitors with access to top-tier sports facilities, diverse shopping and dining options, and unparalleled entertainment experiences.
The integration of multiple districts within a single development will create a dynamic and inclusive environment that caters to people of all ages and interests. From sports enthusiasts and food lovers to shoppers and socialites, ‘The Omaxe State’ will offer something for everyone, making it a landmark destination in the heart of Delhi.
Conclusion: A Landmark Project for Delhi
‘The Omaxe State’ is poised to become a landmark project that will shape the future of Delhi’s urban landscape. With its unique blend of sports, retail, hospitality, and entertainment facilities, the development will address a critical gap in the city’s infrastructure while creating new opportunities for growth and development.
Omaxe Group’s investment of Rs 2,500 crore in this project demonstrates its confidence in the potential of the Delhi market and its commitment to delivering innovative, world-class real estate solutions. As the project progresses towards completion in 2027, it is expected to generate significant economic and social benefits for the city and its residents.
With the development of ‘The Omaxe State,’ Delhi is set to emerge as a premier destination for sports, shopping, and entertainment, enhancing its reputation as a vibrant, modern metropolis that offers the best of both worlds.
