Bharti Real Estate, which is part of Sunil Bharti Mittal’s Bharti Enterprises, has revealed plans to invest ₹20,000 crore on a distinctive commercial project in Aerocity, Delhi. In an interview with Moneycontrol, Managing Director and CEO S.K. Sayal mentioned that this development will, over the next five to six years, also include India’s largest shopping mall along with regionally modernized office spaces and a globally integrated business district.

Under Bharti’s signature Worldmark brand, the new commercial hub will add over 17 million square feet to the construction area. The project’s location is strategically placed near Indira Gandhi International Airport which gives it the potential to transform Aerocity into a globally integrated business and lifestyle hub. The development will be completed in three phases: Worldmark 2.0, Worldmark 3.0, and Worldmark 4.0, all featuring a blend of upgraded tier office space, high street retail, luxury shops, and entertainment centers.

Worldmark 2.0 will kick off with roughly 7 million square feet of leasable space. This will include 3.5 million sq. ft. of Grade A office space. India’s biggest shopping mall is projected to be housed in 3 million sq. ft. of space, with an additional nearly 1 million sq. ft. designated for high street retail. Confirmations from Sayal state that half of the office space is already booked and scheduled for handover by the end of 2025, with the mall opening its doors by March 2027.

This project stands out due to its one of a kind focus on turning shopping into a form of entertainment. The Haute District, which will feature the India’s biggest interior amusement center, sets the first standard for experience-based retail through their luxury shopping and leisure activities geared towards families and affluent visitors.

Aerocity’s attribues as a well positioned business and retail hub give it a competitive edge, thanks to its seamless multi-modal connectivity. The area is served by the Airport Express Line alongside the upcoming Golden Metro Line, alongside excellent road connectivity via NH-8. Moreover, an Air Train which is proposed to link the airport’s terminals will further aerocity’s already unparalleled accessibility.

At the moment, Bharti Real Estate leases out Worldmark 1, 2 and 3 so they operate under Phase 1 of the project which was comprised of 1.3 million sq. ft. of leasable space. These properties now form part of Brookfield Properties portfolio. Even though Brookfield REIT holds a 50% interest in these assets, the Worldmark brand identity continues to be the sole property of Bharti Real Estate.

The architectural rendition of Worldmark 2.0 will consist of three interlinked donut shaped structures, standing 6-8 stories tall and will generate parking spaces for 8,000 vehicles. The land for these phases is attributed to Bharti Real Estate as they won a bidding war against prominent builders DLF and Embassy Group in 2019.Sayal noted that Worldmark properties received some of the highest commercial rentals in India, between ₹225 to ₹250 per square foot, equaling $3 a sq. ft. This places it as one of the most expensive office areas in India singapore.

Apart from Aerocity, Bharti Real Estate intends to pursue other high profile properties that are available due to the government disinvestment in Delhi. They may be considering The Ashok Hotel if it serves their location and value standards.

The next stage, awarded as Worldmark 3.0, has a master plan that is already finalized. Construction is set to reach the structural phase by 2027, aiming to complete all work on the three new Worldmark phases by 2030.