Omaxe Group announced that its wholly-owned subsidiary Worldstreet Sports Center will develop India’s first integrated multi-sports facility in Delhi’s Dwaraka. The project will be developed on a PPP (Public-Private Partnership) mode with the Delhi Development Authority (DDA).
The upcoming multi-sports complex will feature international cricket and football stadiums, an indoor stadium, retail space and a hospitality hub. It will spread across an anticipated 50.40 Acres of land with an estimated investment of INR 1,500 Crore. The project will have an outdoor stadium with a 30,000-spectator capacity and an indoor stadium with a capacity to accommodate 2,000 people, which will host sports such as kabaddi, badminton, table tennis, chess, kickboxing, and boxing, among others.
Also Read: Top Upcoming Sports Infrastructure Projects in India
Additionally, the sports complex will showcase an exclusive members-only club with modern amenities such as a bowling alley, karaoke bar, a spa, lounges, a boxing ring, a state-of-the-art gym, indoor and outdoor sports, and other facilities. The project also features a 108-key hotel, a banquet space, and multi-level car parking (MLCP).
The retail area of the project will include a ground plus two-storey structure spread across a saleable area of nearly 7 Lakh-SqFt. Omaxe Group will maintain the retail space on a leasehold basis for over 99 years. It expects a revenue potential of an estimated INR 2,500 Crore through the sale of these retail units. The overall project will be built and maintained by the developer for 30 years, which will be handed over to DDA thereafter.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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