Bharti Realty, led by CEO SK Sayal, plans to invest over INR 6,595 crore ($794 million) into establishing a global business hub close to the Delhi airport. The project’s objective is the creation of approximately 6.5 Million-SqFt of office and retail space as a component of Aerocity’s second development phase.
In the initial stage, Bharti Realty effectively constructed Worldmark 1, 2, and 3, covering roughly 1.5 Million-SqFt. These properties are now under the ownership of Rostrum Realty, a joint venture between Brookfield Asset Management and Bharti Realty.
The upcoming expansion will extend the Worldmark portfolio to encompass novel assets called Worldmark 4, 5, 6, and 7, collectively presenting about 3.5 Million-SqFt of leasable space. Every office tower will incorporate a retail component, alongside a separate mall and over 10,000 parking slots. The anticipated possession commencement for these assets is slated for 2025.
While further stages of Aerocity’s advancement are in the pipeline, Bharti Real Estate’s current focus centers on the ongoing phase, anticipated to emerge as one of Delhi’s most notable real estate advancements.
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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
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