Worldmark Aerocity
| Location | Aerocity, New Delhi, India |
|---|---|
| Status | Phase 1 complete, Phase 2 under construction |
| Groundbreaking | 2019 |
| Estimated completion | 2027 |
| Use | Mixed use: offices, retail, restaurants |
| Website | bhartirealestate |
| Companies | |
| Architect | PLP Architecture, ARCOP Associates and Benoy[1] |
| Developer | Bharti Realty Ltd |
| Technical details | |
| Buildings | Worldmark 1, Worldmark 2, Worldmark 3, Worldmark 4, Worldmark 5, Worldmark 6, Worldmark 7 |
| Leasable area | 7,000,000 square feet (650,000 m2)[1] |
Worldmark Aerocity is a mixed used real estate project located in New Delhi, India. Phase 1 of the project includes 3 towers which are complete. Phase 2 which includes 4 more towers and India’s largest shopping mall is currently under construction and is expected to be completed in 2027.
History
In 2019, Bharti won development rights next to Delhi airport in the aerocity area next to the Indira Gandhi International Airport.[1]
Funding
Brookfield India Real Estate Trust (BIRET) acquired Bharti's 50% stake in four properties, including Worldmark Aerocity in 2024. As a part of this deal, Bharti got an 8.53% stake in BIRET as consideration for the sale. The deal also gives BIRET a first right of refusal on the balance 50% stake after April 2026.[2][3]
Phased expansion
- Worldmark-1-2-3: The Worldmark project by Bharti Realty at the site is roughly a 1.4 million sq ft office, plus retail project spread across several towers, Worldmark 1, 2 and 3 spread over 7.6 acres.[4]
- Worldmark-1 - operational: Worldmark-1 comprises around 900,000 sq ft office space, tenants include Ernst & Young, Airbus, Goods and Service Tax Network, Credit Agricole and Industrial Bank of Korea.[4] Bharti Realty has set up a 50,000 sq. ft. food court called Food Capital, which has restaurants and outlets including international chains Subway and Pizza Hut as well as outlets of local chains Bikanervala and Karim's.[5]
- Worldmark-2 complete in 2025.[6]
- Worldmark-3 completion in 2027.[6]
- Worldmark-4-5-6-7: Bharti Real Estate announced the expansion of Worldmark in 2022.[7] This phase comprising Worldmark 4, 5, 6 and 7 together form the commercial precinct with approximately 3.5 million sq. ft. of office space and about 3 million sq. ft. of retail space spread over 40 acres. This will include India’s largest shopping mall and is expected to be completed in 2027.[8][9][10] This development is part of a $2.5 billion expansion project called Worldmark Aerocity. The project has been dubbed as India's first aerotropolis.[11] It will feature high-street experiences, luxury and mid segment brands, a food court, a 10-screen multiplex, a banquet hall, and an indoor entertainment center.[1]
- Worldmark-4 completion in TBD.
- Worldmark-5 completion in TBD.
- Worldmark-6 completion in TBD.
- Worldmark-6 completion in TBD.
Connectivity
- Airport
- IGI Delhi Airport: Worldmark sits between T1 and T2/T3.
- Rail
- Delhi Metro Orange Airport Express Line has Delhi Aerocity metro station and IGI Airport metro station T2/T3.
- Delhi–Alwar RRTS will have station at Aerocity
- Bijwasan railway station is few km west and 2 metro stations away by Delhi Metro Orange Line.
- Bus
- Aerocity ISBT is planned to be built next to Delhi Aerocity metro station.
Present status
- 2025 Oct: Worldmark-1 is already operational, Worldmark-2 is nearing completion, Worldmark Mall-3 completion is scheduled for 2027, Worldmark Mall-4 completion is scheduled for 2032.[6]
See also
References
- ^ a b c d Modasiya, Nausad (28 August 2024). "Worldmark – A Homegrown Brand Placing India On The Global Stage". Free Press Journal. Retrieved 25 November 2024.
- ^ Shah, Sneha; Nandy, Madhurima (16 May 2024). "Brookfield India REIT to acquire Bharti Enterprises' stake in top realty assets". livemint. Retrieved 25 November 2024.
- ^ "Brookfield trust to acquire 50% stake in four Bharti Enterprises assets". Business Today. 16 May 2024. Retrieved 25 November 2024.
- ^ a b Doley, Kunal (23 April 2017). "Delhi Aerocity: National capital's own mixed use realty project". Financialexpress. Retrieved 25 November 2024.
- ^ Bailay, Rasul (8 February 2017). "Bharti Realty to set up food court at Delhi Aerocity soon". The Economic Times. Retrieved 25 November 2024.
- ^ a b c Aerocity to emerge as India’s premier multimodal transport hub, maritimegateway.com, 24 Oct 2025.
- ^ Haidar, Faizan (21 August 2023). "Bharti Realty plans to invest over Rs 6,595 crore in Global Business Hub". The Economic Times. Retrieved 25 November 2024.
- ^ "India's 1st aerotropolis in Delhi to get the country's largest mall in IGI Airport's Aerocity! Top 10 things to know". The Times of India. 11 May 2024. Retrieved 25 November 2024.
- ^ "Bharti Realty to build 17 mn sq ft of office, retail space in Delhi's Aerocity to tap rising demand". The Economic Times. PTI. 27 February 2024. Retrieved 25 November 2024.
- ^ "Bharti Real Estate announces expansion of Worldmark Aerocity project". The Hindu. 17 February 2024. Retrieved 25 November 2024.
- ^ Abhijeet, Kumar (9 May 2024). "India's biggest mall to come up at Delhi airport's Aerocity by 2027". Business Standard. Retrieved 25 November 2024.