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Dwarka to get a new sports and retail complex

Updated: Mar 4

Omaxe to develop new sports and retail complex in Dwarka for Rs 2100 crore.



omaxe


Omaxe has won the bid to develop commercial complex to provide experience in shopping, dining, and sports allied activities. The company did not disclose the cost of acquisition but according to a DDA official, company will pay Rs 18 crore to the authority every year for 30 years.


There will also be a membership based sports club, with minimum 3000 membership.


Omaxe will build and maintain sports stadiums and club for 30 years thereafter it would be handed over to DDA. The commercial area developed by Omaxe will be for a lease hold period of 99 years.


As per the agreement, Omaxe is required to develop , an outdoor stadium, with minimum 30000 seating capacity for both cricket and football, multi-sports indoor facility with 2000 seating capacity and other sports facility such as Olympic size swimming pool, tennis, badminton, squash and table tennis.


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