Omaxe gets 50.40 acres land for sports complex at Dwarka
Real Estate

Omaxe gets 50.40 acres land for sports complex at Dwarka

Realty developer Omaxe Ltd has acquired 50.40 acres of land at Dwarka from the Delhi Development Authority (DDA) to develop an indoor and outdoor sports facility, including a cricket stadium and commercial complex, with a total investment of Rs 21 billion, a senior executive said.

Omaxe has won the bid to develop the commercial complex to provide expertise in shopping, dining, and sports-allied activities. The company did not disclose the cost of acquisition but according to a DDA official, it will pay Rs 180 million to the authority every year for 30 years.

“This will be the first sports facility to be developed by DDA in PPP (public-private partnership) model. We will develop a world-class cricket stadium and sports complex in this project,” said Rohtas Goel, Chairman, Omaxe Ltd.

Omaxe, which is into real estate development in metro cities as well as tier 2 cities, has started focusing on government projects of redevelopment or PPP model.

The project is located next to upcoming India International Convention Centre (IICC), a project of the Government of India, being developed to create a state-of-the-art and world-class exhibition and convention centre to promote meetings, incentives, conferences and exhibitions (MICE).

As per the agreement, Omaxe is required to develop an outdoor stadium with minimum 30,000 seating capacity for both cricket and football, multi-sports indoor facility with 2,000 seating capacity and other sports facility such as an Olympic size swimming pool, tennis, badminton, squash and table tennis.

See also:
Maharashtra likely to invite fresh bids for Dharavi redevelopment
Blackstone to buy Delhi's Select Citywalk Mall


Realty developer Omaxe Ltd has acquired 50.40 acres of land at Dwarka from the Delhi Development Authority (DDA) to develop an indoor and outdoor sports facility, including a cricket stadium and commercial complex, with a total investment of Rs 21 billion, a senior executive said. Omaxe has won the bid to develop the commercial complex to provide expertise in shopping, dining, and sports-allied activities. The company did not disclose the cost of acquisition but according to a DDA official, it will pay Rs 180 million to the authority every year for 30 years. “This will be the first sports facility to be developed by DDA in PPP (public-private partnership) model. We will develop a world-class cricket stadium and sports complex in this project,” said Rohtas Goel, Chairman, Omaxe Ltd. Omaxe, which is into real estate development in metro cities as well as tier 2 cities, has started focusing on government projects of redevelopment or PPP model. The project is located next to upcoming India International Convention Centre (IICC), a project of the Government of India, being developed to create a state-of-the-art and world-class exhibition and convention centre to promote meetings, incentives, conferences and exhibitions (MICE). As per the agreement, Omaxe is required to develop an outdoor stadium with minimum 30,000 seating capacity for both cricket and football, multi-sports indoor facility with 2,000 seating capacity and other sports facility such as an Olympic size swimming pool, tennis, badminton, squash and table tennis. See also: Maharashtra likely to invite fresh bids for Dharavi redevelopmentBlackstone to buy Delhi's Select Citywalk Mall

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?