Delhi NCR is a real estate hub; there is always high demand in this region. The boom in real estate increased after the covid-19. Now, luxury projects are in demand and sold within 3 to 4 days. Let’s talk about DLF’s resident project, which has recently been launched. The Dahlias is one of the costliest projects of the DLF in Gurgaon. The DLF sold out 173 apartments of DLF The Dahlias within 9 weeks. The basic price of Dahlias is Rs 73,000 to 80,000 per sq. ft.
Project Overview
Omaxe Dwarka, also known as The Omaxe State. It is a large-scale commercial development spanning 50.4 acres. Omaxe Group launched it in partnership with the Delhi Development Authority (DDA). The Omaxe Dwarka 19B, in which the overall investment was approximately Rs 2500 crore. Launch in July 2024.
The project is expected to be completed by 2027 with Rs 4,200 crore revenue growth potential. It is a RERA-approved commercial project. The RERA registration number is DLRERA2024P0003, ensuring compliance with legal standards.
Location and Connectivity
Omaxe Dwarka is strategically situated in Sector 19B, Dwarka, Delhi. Omaxe Dwarka provides good connectivity through premium highways like the Dwarka Expressway (NH 8), ensuring easy access to South Delhi, Gurgaon, and the rest of NCR. It is located strategically close to Indira Gandhi International Airport, thus positioning itself well within convenient reach of companies as well as tourists. This is also well connected to metro stations like Dwarka Sector 10 and 11 on the Blue Line, which makes it more attractive for commercial investment. The best part is surrounded by the developed sector, which will increase the demand and crowd. This has facilities like schools, hospitals, and markets at convenient distances, thus making it an ideal location for businesses as well as visitors.
Unique Features and Market Impact
It is a one-of-a-kind project in its 5-in-1 complex. It has sporting, shopping, hospitality, social, and food areas. Sport in the form of a cricket cum football field with a capacity of 30,000 people and shopping in the form of a high street market with retail and a food court. This is not the usual fare of Delhi commercial property. A very large number of people are walking or visiting this place. It is looking at it as a business destination. The inclusion of an international sports complex could attract events from across the globe, giving the area an unexpected economic boost.
Investment Points to Consider
Investment varies from Rs. 4.50 crore for certain locations with different amounts based on location and type of retail or food court. The shop areas are from 450 sq. ft. to 33,000 sq. ft. with heights of up to a maximum of 36 ft. 12% guaranteed returns along with a guaranteed lease of 7% have been promised by some sources.
RERA-approved with number DLRERA2024P0003 to ensure legal compliance. It is developed under a PPP model with the Delhi Development Authority (DDA), adding credibility.
Market Demand and Economic Situation
There has been massive demand for commercial real estate in Dwarka in recent times. This is the perfect location due to its excellent metro connectivity and good road connectivity. This is also connected to other commercial business parks, such as DLF Cyber City and Janakpuri District Centre.
- Dwarka is appealing to most multinational companies, start-ups, and IT companies since Delhi is a business hub and boasts India’s second-largest GDP after Goa.
- Delhi-NCR property is booming, and it is estimated that there will be a growth of 12%. This indicates that there is a strong possibility of good returns on investment in Dwarka.
- A project like Omaxe Dwarka with sports facilities can attract 50,000 people per day. This will also increase the rental returns and property appreciation in the area.
Investment Details
Omaxe Dwarka offers various investment plans on the basis of space categories, and prices quoted by sources are:
- Retail shops on the ground floor from Rs 1.25 to 1.60 lakh/sq. Ft. Some are as noted below
- A 190 sq. ft. shop priced at Rs 3.80 crore
- A 250 sq. ft. shop priced at Rs 5.00 crore
- Food court space is available for sale at Rs 1.25 lakh per sq. ft. after a discount.
- Minimum investment ranges from Rs 70 lakh to Rs 4.50 crore, with some being between Rs 2.31 crore.
