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
[edit]In 2019, Bharti Realty won development rights next to Delhi airport in the aerocity area next to the Indira Gandhi International Airport.[1]
Funding
[edit]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
[edit]- 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
[edit]- 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
[edit]- 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
[edit]References
[edit]- ^ 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.