Realty firm Omaxe Group launches The Omaxe State, a 50.4-acre project in Dwarka Sector 19-B, New Delhi, featuring a sports stadium, retail area, hospitality, food, and culture hub.
Omaxe GroupThe Omaxe StateDelhi Development AuthorityPublicprivate PartnershipCommercial DevelopmentReal EstateSep 02, 2024
The Omaxe State is a 50.4-acre project in Dwarka Sector 19-B, New Delhi, featuring a sports stadium, retail area, hospitality, food, and culture hub.
The project is being developed by Omaxe Group in partnership with the Delhi Development Authority (DDA) under a public-private partnership (PPP) model.
The project has an investment of Rs 2500 crore.
The project features a world-class sports stadium, international multi-sports indoor stadium, India's first Air-Conditioned High-Street retail area, and a hospitality, food, and culture hub.
The project is expected to be completed by 2027.
The company is expecting a growth of 20-30% in bookings during 2024-25, driven by new project launches worth ₹2,000-2,500 crore.
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