Worldstreet Sports Center to develop hospitality hub, sports stadium in Delhi, plans Rs 1500 crore investment
The wholly-owned subsidiary and special purpose company (SPC) of Omaxe Ltd, Worldstreet Sports Center Ltd has chalked out plans for developing an integrated multi-sports facility consisting of an international cricket, football stadium, an indoor stadium, along with a retail and hospitality hub spread across an area of 54 acres in Delhi's Dwarka area.
The firm would invest Rs 1500 crore in the development work. These facilities are being constructed under the public-private partnership model with the Delhi Development Authority (DDA). As per the update, the cost of construction will be funded through internal accruals. Omaxe is expecting a revenue of around Rs 2500 crore through the sale of retail units.
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