The company has secured this 50-acre project from the Delhi Development Authority (DDA) under the “Design Build Finance and Operate” model.
Realty firm Omaxe has bagged a project from DDA to develop a sports complex and retail project at Dwarka in the national capital at a cost of Rs 2,100 crore. The company has secured this 50-acre project from the Delhi Development Authority (DDA) under the “Design Build Finance and Operate” model.
It will build both outdoor and indoor sports facilities. A large cricket-cum-football stadium is also being planned, besides a retail area.
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. Omaxe Ltd Chairman Rohtas Goel said: “We have bagged a project from DDA, located in Dwarka, New Delhi.”
It will be the first sports facility to be developed by the DDA in PPP (Public Private Partnership) model.
