Delhi’s Aerocity Poised for World-Class Transformation: According to SK Sayal, CEO of Bharti Real Estate, the Aerocity area adjacent to Indira Gandhi International Airport will receive a boost in its second phase of expansion, propelling it into the realm of world-class business districts.
The company intends to invest Rs 6,595 crore in the expansion of the area, with the addition of 6.5 million square feet anticipated shortly. According to the Times of India, citing Sayal, the initiative encompasses 60 acres, which is nearly three times the size of the existing Worldmark properties.
Rostrum Realty, a joint venture between Bharti Realty and Brookfield Asset Management, owns Worldmark 1, 2, and 3.
Sayal believes that the expansion of Aerocity will create an opportunity for the area to become a prominent global business district.
Delhi’s Aerocity Poised for World-Class Transformation
What is the strategy?
Each office block will be outfitted with a mall containing retail space. The property is anticipated to have 10,000 parking spaces.
The structures comprising the new phase are Worldmark 4, 5, and 6 and Worldmark 7.
Delhi’s Aerocity Poised for World-Class Transformation When will the company transfer ownership?
In 2025, the new Worldmark properties will become available for occupancy.
What connectivity options exist for the new project?
The facility will be accessible to commuters via three metro lines. Additionally, the adjacent airport is a significant connection point for international travellers.
Sayal stated that the adjacent national highway is anticipated to increase freight traffic, while the RRTS will connect Delhi to major communities outside the national capital.
Delhi’s Aerocity Poised for World-Class Transformation Why is Aerocity Delhi so well-known?
In addition to corporate offices located in close proximity to IGI Airport, the Aerocity in Delhi is known for its deluxe hotel properties and carefully curated F&B spaces.
