Realty firm Omaxe has bagged a project from DDA to develop a sports complex and retail project at Dwarka in the national capital at a cost of Rs 2,100 crore.
The company has secured this 50-acre project from the Delhi Development Authority (DDA) under the “Design Build Finance and Operate” model. It will build both outdoor and indoor sports facilities. A large cricket-cum-football stadium is also being planned, besides a retail
area.
The total investment is estimated at about Rs 2,100 crore, of which Rs 1,300 -1,400 crore will be on sports complex and the rest on retail area.
Omaxe Ltd Chairman Rohtas Goel said: “We have bagged a project from DDA, located in Dwarka, New Delhi.”
It will be the first sports facility to be developed by the DDA in PPP (Public Private Partnership) model.
“We will develop a world-class cricket stadium and sports complex in this project.
It will be a marquee project facilitating the sports infrastructure at par with global standards,” Goel said.
The retail portion would offer spaces for shopping, dining, and sports-related activities. “This project will be a big boost to the infrastructure upgradation in the National Capital and is likely to create a huge economic multiplier effect,” Goel said.