<p>Realty firm Omaxe Ltd will invest Rs 2,100 crore to develop a sports complex and a retail project at Dwarka in the national capital as part of its expansion plan.</p>.<p>The company has bagged this 50-acre project from the Delhi Development Authority (DDA), which entails building both outdoor and indoor sports facilities. A large cricket-cum-football stadium is being planned.</p>.<p>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.</p>.<p><strong>Also Read — <a href="https://www.deccanherald.com/business/business-news/how-to-invest-in-uncertain-times-1138078.html" target="_blank"> How to invest in uncertain times</a></strong></p>.<p>Omaxe Ltd Chairman Rohtas Goel said: "We have bagged a project from DDA, located in Dwarka, New Delhi."</p>.<p>It will be the first sports facility to be developed by the DDA in the PPP (Public Private Partnership) model.</p>.<p>"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.</p>.<p>The retail portion would offer spaces for shopping, dining, and sports related activities.</p>.<p>"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.</p>.<p>Omaxe has bagged this project under "Design Build Finance and Operate" model.</p>.<p>Omaxe will build and maintain the sports stadium and club for 30 years, thereafter it would be handed over to DDA. The commercial area developed by Omaxe will be for a leasehold period of 99 years.</p>.<p>The land parcel of 50.40 acre is being handed over to Omaxe for development of sports arena and commercial area.</p>.<p>As per the agreement, Omaxe will develop an outdoor stadium with a minimum 30,000 seating capacity. It will be an international cricket-cum-Football Stadium/ football stadium.</p>.<p>Indoor sports facilities will have a 2000 seating capacity.</p>.<p>The sports complex will also have an olympic size swimming pool and also facilities for tennis, badminton, squash and table tennis.</p>.<p>The project will have a membership based Sports club with minimum 3,000 members.</p>.<p>In the commercial area, Omaxe will develop about 3.5 lakh square feet of retail space.</p>.<p>Omaxe is developing a commercial project in central Delhi under the PPP model. The company has significant presence in Delhi-NCR, Uttar Pradesh, Punjab and Haryana.</p>
<p>Realty firm Omaxe Ltd will invest Rs 2,100 crore to develop a sports complex and a retail project at Dwarka in the national capital as part of its expansion plan.</p>.<p>The company has bagged this 50-acre project from the Delhi Development Authority (DDA), which entails building both outdoor and indoor sports facilities. A large cricket-cum-football stadium is being planned.</p>.<p>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.</p>.<p><strong>Also Read — <a href="https://www.deccanherald.com/business/business-news/how-to-invest-in-uncertain-times-1138078.html" target="_blank"> How to invest in uncertain times</a></strong></p>.<p>Omaxe Ltd Chairman Rohtas Goel said: "We have bagged a project from DDA, located in Dwarka, New Delhi."</p>.<p>It will be the first sports facility to be developed by the DDA in the PPP (Public Private Partnership) model.</p>.<p>"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.</p>.<p>The retail portion would offer spaces for shopping, dining, and sports related activities.</p>.<p>"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.</p>.<p>Omaxe has bagged this project under "Design Build Finance and Operate" model.</p>.<p>Omaxe will build and maintain the sports stadium and club for 30 years, thereafter it would be handed over to DDA. The commercial area developed by Omaxe will be for a leasehold period of 99 years.</p>.<p>The land parcel of 50.40 acre is being handed over to Omaxe for development of sports arena and commercial area.</p>.<p>As per the agreement, Omaxe will develop an outdoor stadium with a minimum 30,000 seating capacity. It will be an international cricket-cum-Football Stadium/ football stadium.</p>.<p>Indoor sports facilities will have a 2000 seating capacity.</p>.<p>The sports complex will also have an olympic size swimming pool and also facilities for tennis, badminton, squash and table tennis.</p>.<p>The project will have a membership based Sports club with minimum 3,000 members.</p>.<p>In the commercial area, Omaxe will develop about 3.5 lakh square feet of retail space.</p>.<p>Omaxe is developing a commercial project in central Delhi under the PPP model. The company has significant presence in Delhi-NCR, Uttar Pradesh, Punjab and Haryana.</p>