September 2nd, 2024: Real estate developer Omaxe Group has announced the launch of their project, ‘The Omaxe State,’ which is set to be India’s first integrated 5-in-1 destination for sports, retail, hospitality, food, and culture, according to the official release. Spanning over 50.4 acre 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 over Rs 2500 crore. The project is expected to be completed by 2027 and to generate over Rs 4,200 crore in revenue during its lifecycle.
According to the developer, the Omaxe State will have a world-class, modern ICC and FIFA-standard international cricket-cum-football stadium with a seating capacity of over 30000, along with an international multi-sports indoor stadium that can accommodate 2000 spectators.
Further, the project features five districts – the sports district, the shopping district, the hospitality district, the food district and the social district. The project has 11 entrances, car drop-offs, over 2,200 ECS, and additional surface parking with provisions for future expansion.
The Food District, inspired by London’s Covent Garden and Carnaby Street, will span over 5 lakh square foot. It will feature over 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 project has an air-conditioned high-street retail area, with shop fronts extending over 4.2 km. With 75% of the retail space located on the ground floor, it leverages the superior performance of ground-floor retail. The first floor offers additional retail spaces, a food court, and a five-screen multiplex, all designed with shop heights of 18 and 36 ft.
The project includes an exclusive invite-only sports and leisure club, a 75,000 sqft E-Sports arena, and a hotel with 148 keys. The complex also features a large banquet space with multi-level parking, an event arena for social and cultural events, an Olympic-sized swimming pool and top-tier facilities for tennis, badminton, squash, basketball and football.
Mohit Goel, managing director of Omaxe Group, said, “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 sports, shopping, and entertainment venue. We are thrilled to contribute to the city’s growth and elevate its profile with this unique 5-in-1 destination.”
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
