Omaxe Group, a leading entity in India's real estate market, has unveiled its newest project, 'The Omaxe State.' This substantial endeavor, situated in Dwarka Sector 19B, New Delhi, involves an investment of ₹2,100 crore and aims to establish a groundbreaking 5-in-1 commercial and sporting complex. Covering an expanse of 50 acres, it stands as the largest private commercial venture in Delhi, presenting a lucrative opportunity for both retail investors and brands.
The Omaxe State is set to transform New Delhi's cityscape by integrating sports, shopping, leisure, dining, and social activities seamlessly. This project, developed in partnership with the Delhi Development Authority (DDA) through a public-private partnership (PPP) model, is slated for completion by 2027. It addresses the long-awaited demand for a top-tier cricket stadium in Delhi, featuring an ICC and FIFA-standard International Cricket and Football Stadium with a seating capacity of over 30,000, along with an International Indoor Multi-Sport Stadium that accommodates 2,000 spectators. Inspired by global sports hubs like the Queen Elizabeth Olympic Park in London and the Singapore Sports Hub, this development is poised to enhance the city's infrastructure.
The Omaxe State is meticulously planned into five distinct zones: The Food District, The Social District, The Hospitality District, The Shopping District, and The Sports District. This strategic layout offers diverse opportunities for investors and brands to capitalize on India's dynamic market. Key highlights of The Omaxe State include an ICC and FIFA-standard Cricket-Cum-Football Stadium, Delhi's premier invite-only sports and leisure club, 4.2 km of hybrid retail spaces with road-facing shops, a RERA-registered project, a 75,000 sq. ft. E-Sports Arena, over 40 dining options, a hotel with 148 keys and extensive banquet facilities, one of the largest F&B spaces covering more than 5 lakh sq ft, an Olympic-sized swimming pool, and facilities for various sports including tennis, badminton, and squash. With projected retail sales revenue exceeding ₹2,500 crore, this venture holds significant potential for investment returns.
Strategically positioned in Dwarka Sector 19B, The Omaxe State is in proximity to major landmarks such as Yashobhoomi (Asia's largest convention center), the International Airport (ranked among the world’s top 10 airports), Bharat Vandana Park (a sprawling 220-acre park akin to Hyde Park in London and Central Park in New York), and the upcoming diplomatic enclave. The development incorporates modern amenities including 11 entrances and car drop-offs, over 2,200 ECS (Equivalent Car Spaces), and ample surface parking with provisions for future expansion. This project embodies a broader vision to establish a cutting-edge commercial, sports, and entertainment hub that adheres to international standards, setting a new benchmark in New Delhi.
Omaxe Group has solidified its position in the real estate sector, having successfully delivered 3.87 million square feet of properties during FY 2023-24, bringing its cumulative delivery to 135.87 million square feet as of 31st March 2024. With a footprint in 29 cities across 8 states in India, Omaxe remains dedicated to contributing to the nation’s development while maintaining its commitment to corporate social responsibility in health, education, and community development.
