India, April 8 -- Wholly-owned subsidiary and special purpose company (SPC) of Omaxe Ltd, Worldstreet Sports Center Ltd, will be 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 for around Rs.1500 crore, the company said in a regulatory filing.

The facilities are being constructed in Dwarka under the public-private partnership model with the Delhi Development Authority at a cost of around Rs.1500 crore, the company's top official said, adding the project is expected to be launched in the second quarter.

"The cost of construction will be funded through internal accrual...