Omaxe Group to invest Rs 2,500 crore in India's first integrated 5-in-1 destination

Realty firm Omaxe Group has announced the launch of its next commercial project - The Omaxe State. According to the company, this will be India’s first integrated 5-in-1 destination for sports, retail, hospitality, food, and culture. For this, the firm will invest Rs 2,500 crore.

Spanning over 50.4 acres in Dwarka 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 of over Rs 2500 crore.

"The project follows in the footsteps of iconic landmarks such as Queen Elizabeth Olympic Park in London, Accor Arena in Paris, Singapore Sports Hub, and Melbourne Olympic Park to revolutionize India's sporting and leisure landscape. This groundbreaking project will fill the void and aims to bring world-class sporting events back to Delhi," the company said.

The project will feature a world-class, modern ICC and FIFA-standard international cricket-cum-football stadium with a seating capacity of over 30,000, as well as an international multi-sports indoor stadium that can accommodate 2,000 spectators.

The project features India’s first Air-Conditioned High-Street retail area, with shop fronts extending over 4.2 km, making it the largest private commercial development in Delhi. 
 
The project is expected to be completed by 2027.