Bharti Real Estate, the real estate arm of Bharti Enterprises, has set ambitious plans for its commercial properties in Aerocity, Delhi. With the aim of generating over Rs 6,000 crore in annual rental income, the company is developing its Worldmark properties in phases. This strategic move comes as part of its larger vision to cater to the growing demand for modern office and retail spaces, particularly in the rapidly expanding Aerocity near the Indira Gandhi International Airport.

Worldmark Expansion: A Glimpse Into Bharti Real Estate’s Vision
Overview of the Project
The Worldmark properties, located in the prime business district of Aerocity, are being developed in phases. Currently, the company is working on two major phases of the project: Worldmark 2.0 and 3.0.
- Worldmark 2.0: This phase involves a massive development of 7 million square feet, consisting of both office and retail spaces. By the end of this year, 3.5 million square feet of office space will be completed, followed by another 3.5 million square feet dedicated to mall and high street retail spaces by the end of next year.
- Worldmark 3.0: This phase will continue the expansion, adding even more commercial and retail space to the portfolio, with a focus on meeting the demand for premium office spaces in the region.
Key Facts About the Development
- Total Planned Area: Over 17 million square feet.
- Investment: Rs 20,000 crore.
- Rental Income Target: Rs 6,000 crore annually.
- Leasing Progress: 1 million sq ft leased in FY25, with plans to lease a similar amount in the current financial year.
The development is expected to be more than 50% larger than Mumbai’s Bandra Kurla Complex, one of India’s leading business districts, which has a total stock of 11 million square feet. This ambitious expansion is aimed at positioning Worldmark as one of Delhi’s prime commercial hubs.
Investment and Financing Strategy
Lease Rental Discounting (LRD) or REIT?
To fund the massive development, Bharti Real Estate plans to raise capital through Lease Rental Discounting (LRD), a method that involves borrowing against future rental income. Once the development is completed and tenants are secured, the company will assess whether to go ahead with LRD or a Real Estate Investment Trust (REIT), a popular route for real estate financing.
- LRD vs REIT: LRD involves securing loans based on the rental income expected from the property, while REITs allow investors to buy shares in the trust and earn a portion of the rental income as dividends.
Leasing and Pricing Strategy
Bharti Real Estate has successfully leased around 1 million square feet of space in FY25 and expects to maintain similar leasing numbers in the current fiscal year. The leasing price stands at approximately Rs 250 per square foot, a competitive rate for premium office space in the area.
Statement from SK Sayal, CEO of Bharti Real Estate
SK Sayal, the managing director and CEO of Bharti Real Estate, shared insights into the company’s strategy:
“The entire investment can be raised through LRD (Lease Rental Discounting). We will decide whether to go for LRD or REIT once we complete and get tenants. We have already leased 1 million square feet in FY25 and are looking to lease a similar number this financial year as well.”
Quick Facts at a Glance
Details | Information |
---|---|
Project Name | Worldmark Properties, Aerocity |
Total Planned Area | 17 million square feet |
Investment Amount | Rs 20,000 crore |
Rental Income Target | Rs 6,000 crore annually |
Office Space Completion (Worldmark 2.0) | 3.5 million sq ft by year-end |
Retail Space Completion (Worldmark 2.0) | 3.5 million sq ft by next year |
Leased Space (FY25) | 1 million sq ft |
Leasing Price | Rs 250 per sq ft |
FAQs
1. What is the total area being developed in Worldmark Properties?
Bharti Real Estate is developing over 17 million square feet of commercial and retail space at Worldmark in Aerocity.
2. How much rental income is Bharti Real Estate aiming for annually from Worldmark?
Bharti Real Estate is targeting an annual rental income of over Rs 6,000 crore from the Worldmark properties.
3. What is the investment planned for the entire Worldmark project?
The total investment planned for the development of Worldmark Properties is Rs 20,000 crore.
4. What financing methods is Bharti Real Estate considering?
Bharti Real Estate plans to raise capital through Lease Rental Discounting (LRD) and may consider a Real Estate Investment Trust (REIT) after securing tenants.
5. How much office and retail space is expected to be completed by the end of 2025?
By the end of this year, 3.5 million square feet of office space and 3.5 million square feet of retail space will be completed, as part of the Worldmark 2.0 phase.