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Omaxe Group announces launch of The Omaxe State with a INR 2500 crore investment

Synopsis

Omaxe Group has launched 'The Omaxe State,' India's first 5-in-1 destination for sports, retail, hospitality, food, and culture, spanning 50.4 acres in Dwarka Sector 19-B, New Delhi. Developed in partnership with the Delhi Development Authority (DDA) and involving an investment of over INR 2500 crore, the project includes a state-of-the-art cricket and football stadium, an international multi-sports indoor arena, and India's largest F&B space. It also features an air-conditioned high-street retail area, exclusive sports and leisure clubs, and various top-tier amenities. Set to revolutionize Delhi's infrastructure, the project is expected to generate over INR 4,200 crore in revenue and be completed by 2027.

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Omaxe Group, one of India's premier real estate developers, has revealed their latest venture, 'The Omaxe State,' which will be India's first integrated 5-in-1 destination encompassing sports, retail, hospitality, food, and culture. Spanning 50.4 acres in Dwarka Sector 19-B, New Delhi, the project is being developed in collaboration with the Delhi Development Authority (DDA) under a public-private partnership (PPP) model, with an investment exceeding INR 2500 crore.

Delhi, with a population surpassing 3.3 crore, has long awaited a world-class cricket stadium. As the world's second-most-populated city, Delhi has missed hosting major World Cup and IPL matches since the India vs. England semi-final in 1987. The Omaxe State will feature a state-of-the-art ICC and FIFA-standard International Cricket-cum-Football Stadium with a capacity of over 30,000, along with an International Multi-Sports Indoor Stadium accommodating 2,000 spectators.

Inspired by iconic global landmarks such as the Queen Elizabeth Olympic Park in London and the Accor Arena in Paris, The Omaxe State aims to revolutionize India's sporting and leisure landscape. This pioneering project will fill a significant gap and aims to bring world-class sporting events back to Delhi, offering an exceptional experience for residents and visitors alike. The integrated development is shown after successful international projects, providing premier destinations for shopping, dining, sports, and entertainment.

The Omaxe State will feature five distinct districts: The Sports District, The Shopping District, The Hospitality District, The Food District, and The Social District. A highlight is the Food District, inspired by London's Covent Garden and Carnaby Street, which will be India's largest F&B space at over 5 lakh square feet. It will house 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 project will also boast 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 ground floor will host 75% of the retail space, while the first floor will feature additional retail spaces, a food court, and a five-screen multiplex, all designed to offer a luxurious shopping experience with shop heights of 18 and 36 feet.

Additional amenities include Delhi's most exclusive invite-only sports and leisure club, a 75,000 sq. ft. ESports arena, and a hotel with 148 keys. The complex will also offer a large banquet space, 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.

"Omaxe is humbled by the opportunity to partner with DDA on this transformative project," said Mohit Goel, Managing Director of Omaxe Group. "With 'The Omaxe State,' we aim to deliver an international-level experience right here in Delhi. This development will address a major gap in the city's infrastructure by providing a world-class venue for sports, shopping, and entertainment, contributing to the city's growth and enhancing its global profile."

The project will feature advanced amenities, including 11 entrances, car drop-offs, over 2,200 ECS, and additional surface parking with future expansion provisions. Strategically located in Sector 19B of Dwarka, Delhi, and developed with the expertise of 24 renowned consultants, this project aims to set new benchmarks in urban development. Located near major attractions such as Yashobhoomi (Asia's largest convention center), IGI Airport (one of the world's top 10 airports), Bharat Vandana Park (one of Delhi's largest parks), and the upcoming diplomatic enclave with 39 embassies, the project is expected to capture substantial visitor traffic. The nearby Metrolite light rail system will further enhance accessibility. Scheduled for completion by 2027, the project is projected to generate over INR 4,200 crore in revenue during its lifecycle.

Founded in 1987 by first-generation entrepreneur Mr. Rohtas Goel, Omaxe began with construction and contracting. Listed on the NSE and BSE in 2007, Omaxe has built strong customer relationships through exceptional projects, guided by the motto 'Turning Dreams into Reality.' With a successful track record of delivering over 132 million sq. ft. of realty space, including 21 group housing projects, 10 integrated townships, and 14 commercial malls, office spaces, and hotels, Omaxe continues to grow with an additional 22 million sq. ft. under construction. Operating in 29 cities across 8 states, Omaxe is committed to building a new India and is dedicated to corporate social responsibility through significant contributions to health, education, and community development.

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