Bharti Realty intends to invest more than Rs 6,595 crore in Global Business Hub.

Bharti Real Estate to Invest $794 Million for Global Business Hub near Delhi Airport

Bharti Real Estate, led by CEO SK Sayal, plans to invest more than Rs 6,595 crore ($794 million) to establish a global business hub near the Delhi airport. The project aims to create around 6.5 million square feet of office and retail space as part of the second phase of Aerocity’s development.

Expansion Plans

In the initial phase, Bharti Realty successfully built Worldmark 1, 2, and 3, covering approximately 1.5 million square feet. These properties are now owned by Rostrum Realty, a joint venture between Brookfield Asset Management and Bharti Enterprises.

“We have undertaken one of the largest developments in Delhi and once completed, it will compete with the best global business districts. This will be a go-to place for global MNCs and international brands looking to enter India,” said Sayal.

Joint Venture with Brookfield

Canada’s Brookfield acquired a 51% controlling stake in Rostrum Realty Pvt Ltd in May this year, with an enterprise value of Rs 5,000 crore.

“Because of the lack of private development in Delhi, developers moved to Gurgaon and Noida. However, with the privatisation of Delhi airport, a huge area near the airport opened for development. Bharti group is keen on creating a global business district, putting India among the top office and retail destinations,” explained Sayal.

Future Expansion

The new expansion will bring the Worldmark portfolio to include fresh assets named Worldmark 4, 5, 6, and 7, collectively offering around 3.5 million square feet of leasable area. Each office tower will include a retail component, along with a separate mall and more than 10,000 parking spaces. The possession of these assets is expected to begin in 2025.

“The supporting infrastructure for this global business district includes three metro lines, four airport terminals, an Automated People Mover, and the RRTS. It will bring trade and tourism to the helm,” added Sayal.

Focus on Ongoing Phase

While there are more phases of Aerocity’s development in the pipeline, Bharti Real Estate’s current focus remains on the ongoing phase, which is expected to be one of the most significant real estate developments in Delhi.

• Bharti Real Estate plans to invest over Rs 6,595 crore ($794 million) for the establishment of a global business hub near Delhi airport.
• The company aims to create approximately 6.5 million square feet of office and retail space as part of Aerocity’s second phase of development.
• The initial phase, including Worldmark 1, 2, and 3, is now owned by Rostrum Realty, a joint venture between Bharti Enterprises and Brookfield Asset Management.
• Canada’s Brookfield acquired a 51% controlling stake in Rostrum Realty Pvt Ltd in May this year, with an enterprise value of Rs 5,000 crore.
• Bharti Real Estate plans to commence providing possession of the new assets starting 2025.
• The new expansion will bring the Worldmark portfolio to include Worldmark 4, 5, 6, and 7, offering around 3.5 million square feet of leasable area.
• The project includes supporting infrastructure such as metro lines, airport terminals, an Automated People Mover, and the RRTS.
• Bharti Real Estate’s current focus is on the ongoing phase of Aerocity’s development.