Is the Omaxe State mall coming with an ICC Approved Cricket Stadium?
The project includes a proposed cricket stadium as part of its integrated sports development within the integrated township. This unique feature will host national and international events.
What types of commercial properties are available in Omaxe Dwarka?
Omaxe Dwarka offers a range of commercial properties including retail shops, food court units, entertainment zones, and multiplexes. These units cater to a variety of businesses, from local retailers to global brands, within a high-footfall environment.
What makes the location of Omaxe State in Sector 19B Dwarka attractive?
The project spans 50.4 acres and is
located in Sector 19-B Dwarka, New
Delhi on the Dabri-Gurgaon Road.
Who is the developer behind The Omaxe State Dwarka?
The project is developed by Omaxe Ltd., one of India’s leading real estate developers with a track record of 35+ years. Omaxe Ltd. is a real estate developer with residential and commercial projects across India., Omaxe has developed multiple commercial and residential townships across major Indian cities.
Is there any parking facility in Omaxe State Mall?
Yes, the Omaxe State Mall is being designed with a multi-level parking facility to accommodate a large number of vehicles. Ample parking ensures convenience for both customers and business owners, reducing traffic congestion and enhancing overall footfall to the commercial premises.
What is the legal framework governing the project's development?
The project is being developed in collaboration with the Delhi Development Authority in a Public-Private Partnership structure. The Developer has been granted development rights for the implementation of the integrated multisport arena and commercial facilities on a Design-Build-Finance-Operate-Transfer (DBFOT) basis.
What is the catchment area?
The primary catchment area is located within a 9-kilometer radius and a 25-minute drive from the site and includes Dwarka, Patel Garden, Patel Garden Extension, Kakraula, Kakraula Extension, Uttam Nagar, Palam, Mahavir Enclave, Jeevan Park, and Janakpuri and Dwarka Express Way. The secondary catchment area is located within a 9 to 14-kilometer radius and a 25 to 45-minute drive from the site, includes Aya Nagar, Bhati, Kapashera, Nanakpura, Nangli Sakravati, Najafgarh, R K Puram, Saad Nagar, Sagarpur, Sarita Vihar, Vasant Kunj and Vasant Vihar.
What is the spending capacity of the catchment area?
The average annual household expenditure in the area is 12.3 lakh, which includes an average of 4 lakh per household on retail spending. This indicates a strong spending capacity in the region. Furthermore, it is worth noting that the area has a younger demographic composition, with 38% of the population falling within the 15 to 34 age range. This younger population is likely to provide a sustained spending capacity in the future, contributing to the economic growth of the area.
Would there be any deductions in rentals received from brands, if yes, what would be deductions?
The rental from brands will be distributed on a pro-rata basis to the unit holders after the deduction of administration charges i.e. 5% of the monthly rent.
Is there a provision for the registry, and if so, what type?
The property is on a leasehold basis for 99 years starting from the commercial operation date (COD) of the sports facility, the title of the property will be transferred to the allottees through execution of a sub-lease deed.
What would be the maintenance charges/ cam charges?
As confirmed above, the CAM charges will be borne by the brands/lessee. CAM charges will be on an actual basis, as per the market standards.
What agreements will be signed by the interested customers/ owners?
Application form, Agreement for sub lease, Allotment letter, and Sub-Lease deed are the basic agreements for the transfer of title in favour of the customer. MOU for facilitation to authorise the company to let out the property on behalf of the customer. Letter from the customer requesting the company to pay an assured license fee. A Confirmation letter from the company to pay the license fee till the assured license period.
Tell us more about the project.
In addition to the above, there are 4 large anchor shops dedicated to sports brands, 7 terrace restaurants, 3 restaurants in the stadium, space for up to 36 restaurants as explained above, a food court and space for Kiosks and food trucks making it a delight for foodies and all types of visitors. More than 75% of the shops are on the ground floor. There is an air-conditioned corridor that has a minimum width of 13 meters is around 550 meters (more than half a kilometre). The project has three huge atriums and more than 4.5 km of shop front on the ground and first floor, making it a unique and never seen before project.
Price
Sizes
Configurations
