Omaxe Group to invest Rs 2,500 cr to build 50-acre complex in Delhi

Realty firm Omaxe Group will invest Rs 2,500 crore to develop a 50-acre commercial-cum-sports complex at Dwarka in the national capital to expand its business.

In a statement, Omaxe said it has launched the commercial project 'The Omaxe State' comprising sports complex, retail area and a hotel.

The company will build a cricket-cum-football stadium of global standards apart from indoor games facilities.

Spanning over 50.4 acre in Dwarka Sector 19-B, the project is being developed in partnership with the Delhi Development Authority (DDA) under a public-private partnership (PPP) model, with an investment of over Rs 2,500 crore.

"Delhi, the capital of India with a population of more than 3.3 crore, has long awaited a world-class cricket stadium," the company said.

The project will feature a world-class, modern ICC and FIFA-standard international cricket-cum-football stadium with a seating capacity of over 30,000, as well as an international multi-sports indoor stadium that can accommo