Updates on Omaxe State Project, Dwarka, Delhi
Introduction to the Omaxe State Project
Omaxe State Project at Dwarka in the capital city
promises to be one of the city's largest commercial and recreational centers.
Headed by the Omaxe Group, one of India's best real estate developers, this
project will surely transform the face of urban life and business in Dwarka.
With sports facilities, high-street retail, and so much more, the Omaxe State
will be expected to be a harbinger of change for this city as well as the
entire region.
Investment in the Project
The Omaxe Group is pumping in a whopping ₹2,500 crore
into the project. Such a massive financial commitment speaks for itself about
the confidence of the group in this potential. Then, what's so massive an
investment? Omaxe State has been conceived with all kinds of different
audiences-sports enthusiasts, shoppers, and professionals, creating a space
that will generate long-term revenues and improve the quality of life at
Dwarka.
Estimated Completion Date
The estimated completion date of the project is set at
2027. A project of this magnitude, by its very nature, does not come easily,
more so when it is designed with such diverse amenities. Be it the
cricket-cum-football stadium or the luxury dining options, all of this needs
careful planning and implementation. There is also elbow room with the
five-year timeline to accommodate unanticipated occurrences that may arise
during construction.
Key Features of the Omaxe State Project
Cricket-cum-Football Stadium
The most exciting element of the Omaxe State Project
is the cricket-cum-football stadium that would leave behind a seating capacity
of over 30,000. It would attract big sporting events and act as a place for
both cricket and football fans. An element this large also indicates Dwarka's
potential as a future sports hub.
Indoor Multi-Sports Stadium
Besides the stadium outside, the project will hold an
indoor multi-sports stadium having a capacity of 2,000 seats. It will be
developing indoor sports such as badminton, basketball, and table tennis. As
India becomes more keen on playing a wider number of sports than ever, the
stadium will cater to different athletic interests.
India's Largest F&B Space
The F&B area of 500,000 square feet in Omaxe State
will be India's largest. There will be restaurants, cafes, and food courts all
under one roof! Something that will really enhance the local dining experience
and something all foodies will totally rave about and flock to from all walks
of the city.
Area of High-Street Retail
For shopaholics, the high street, retail area would be a
dream destination. It is conceptualized to be an up-market experience with
international brands alongside national brands - a one-stop for fashion and
lifestyle needs.
Invite-Only Sports and Leisure Club
Omaxe State Project- Exclusivity is the name of the game.
The invitation-only sports and leisure club promises world-class amenities for
world-class clients. State-of-the-art facilities will be accompanied by
personalized services to elevate the luxury quotient of the project.
75,000 Sq Ft E-Sports Arena
The E-sports arena also forms a part of the project,
which would be covering an area of 75,000 square feet. As gaming is gaining
popularity in India, the arena would help the project not only attract local
gamers but also international tournaments. It proves how gaming culture is
becoming an essential component of the young people's lifestyle.
Hotel with 148 Keys
The Omaxe State Project will also have a hotel with 148
keys to accommodate visitors and business travelers. It would be a vital
component to house tourists and professionals attending various events in the
surrounding area.
Shopfront: 4.2 km Stretch
Another major attraction that ensures an exciting
shopping experience is sure to be comfortable irrespective of the season is the
air-conditioned 4.2 km stretch of shopfront. It is highly important in a city
like Delhi, where the summer can be fiery. The comfort level of the customers
will increase with the air-conditioned setup and in turn, increase the retail
business.
Terrace Garden Restaurants and Café
Dining with a view is always special. So, the restaurants
situated on the terrace garden of Omaxe State will be that special thing. Along
with this, there will be a café, which may be used for stopovers or negotiating
rooms. This unique amalgamation of greenery and gastronomy will surely attract
food lovers as well as nature lovers to this place.
Cooperation with the Delhi Development Authority (DDA)
It is being developed in a public-private partnership
model with the said authority by the Delhi Development Authority. This would
ensure the project is in conformity with the overall plans of the city's development
and enhance Dwarka's infrastructure sustainably.
Revenue Expectations from the Project
The Omaxe State Dwarka 19B Project is
expected to earn more than ₹4,200 crores of revenue during its lifecycle. Just
with the figure, this size itself speaks for the grandeur of the project from
ticket sales at the sports venues to retail revenues and hotel bookings. A
multiplicity of income streams makes it a very sound investment for both the
Omaxe Group and the city.
Conclusion
Omaxe State Project Dwarka is going to be the epitome of
redefining Delhi's commercial and recreational spaces. The grandness in scale
and diverse facilities, accompanied by a strategic location, will make it a
landmark in the city's landscape. Sports stadiums, luxurious dining, and retail
experiences will all be there. When finally completed in 2027, it is certainly
clear that Omaxe State is bound to be an imposing force in Dwarka.
FAQs
When will it be completed?
It will be completed by 2027.
What would be the main attractions?
It will show a cricket-cum-football stadium, India's
largest F&B space, high-street retail, and a 75,000 sq ft e-sports arena.
What would be the impact on the local economy?
It is expected to generate more than ₹4,200 crore in
revenue and will serve various job opportunities.
Which sports facilities will be provided?
The complex will encompass a cricket-cum-football
stadium, an indoor multi-sports stadium, and an e-sports arena.
How is the association with DDA driving the project?
Public-Private Partnership with DDA ensures to ensure
roll into alignment of project with city development plans on the whole and
enables sustainable infrastructure development.
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