Joann47Q9259: made first place first draft!

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{{short description|Indian real estate project}}
{{Use dmy dates|date=August 2025}}
{{Use Indian English|date=August 2025}}
{{Infobox urban development project
| name = Worldmark Aerocity
| logo =
| logo_caption =
| logo_size =
| image =
| caption = Worldmark Aerocity
| location = Aerocity, [[New Delhi]], [[India]]
| status = Phase 1 complete, Phase 2 under construction
| groundbreaking = 2019
| est_completion = 2027
| use = Mixed use: offices, retail, restaurants
| website = {{URL|https://bhartirealestate.com/}}
| architect = PLP Architecture, ARCOP Associates and Benoy<ref name="a" />
| engineer =
| main_contractor =
| developer = Bharti Realty Ltd
| owner =
| cost =
| buildings = Worldmark 1, Worldmark 2, Worldmark 3, Worldmark 4, Worldmark 5, Worldmark 6, Worldmark 7
| size =
| gross_leasable_area = {{convert|7000000|sqft|m2}}<ref name="a" />
}}

'''Worldmark Aerocity''' is a mixed used real estate project located in [[New Delhi]], [[India]]. Phase 1 of the project includes 3 towers which are complete. Phase 2 which includes 4 more towers and India’s largest [[shopping mall]] is currently under construction and is expected to be completed in 2027.

==History==

In 2019, [[Bharti Group|Bharti Realty]] won development rights next to Delhi airport in the aerocity area next to the [[Indira Gandhi International Airport]].<ref name="a">{{cite news |last1=Modasiya |first1=Nausad |title=Worldmark – A Homegrown Brand Placing India On The Global Stage |url=https://www.freepressjournal.in/latest-news/worldmark-a-homegrown-brand-placing-india-on-the-global-stage |access-date=25 November 2024 |work=Free Press Journal |date=28 August 2024 |language=en}}</ref>

==Funding==

[[Brookfield Corporation|Brookfield India Real Estate Trust]] (BIRET) acquired Bharti's 50% stake in four properties, including Worldmark Aerocity in 2024. As a part of this deal, Bharti got an 8.53% stake in BIRET as consideration for the sale. The deal also gives BIRET a first right of refusal on the balance 50% stake after April 2026.<ref name="g">{{cite news |last1=Shah |first1=Sneha |last2=Nandy |first2=Madhurima |title=Brookfield India REIT to acquire Bharti Enterprises' stake in top realty assets |url=https://www.livemint.com/companies/news/brookfield-india-reit-to-acquire-bharti-enterprises-stake-in-realty-assets-11715830685871.html |access-date=25 November 2024 |work=livemint |date=16 May 2024}}</ref><ref name="h">{{cite news |title=Brookfield trust to acquire 50% stake in four Bharti Enterprises assets |url=https://www.businesstoday.in/real-estate/story/brookfield-trust-to-acquire-50-stake-in-four-bharti-enterprises-assets-429813-2024-05-16 |access-date=25 November 2024 |work=Business Today |date=16 May 2024 |language=en}}</ref>

==Phased expansion==

* Worldmark-1-2-3: The Worldmark project by Bharti Realty at the site is roughly a 1.4 million sq ft office, plus retail project spread across several towers, Worldmark 1, 2 and 3 spread over 7.6 acres.<ref name="b"/>

** Worldmark-1 - operational: Worldmark-1 comprises around 900,000 sq ft office space, tenants include [[Ernst & Young]], [[Airbus]], Goods and Service Tax Network, [[Credit Agricole]] and [[Industrial Bank of Korea]].<ref name="b">{{cite news |last1=Doley |first1=Kunal |title=Delhi Aerocity: National capital's own mixed use realty project |url=https://www.financialexpress.com/business/industry-delhi-aerocity-national-capitals-own-mixed-use-realty-project-638350/ |access-date=25 November 2024 |work=Financialexpress |date=23 April 2017 |language=en}}</ref> Bharti Realty has set up a 50,000 sq. ft. food court called Food Capital, which has restaurants and outlets including international chains [[Subway (restaurant)|Subway]] and [[Pizza Hut]] as well as outlets of local chains [[Bikanervala]] and [[Karim's]].<ref name="c">{{cite news |last1=Bailay |first1=Rasul |title=Bharti Realty to set up food court at Delhi Aerocity soon |url=https://economictimes.indiatimes.com/industry/cons-products/food/bharti-realty-to-set-up-food-court-at-delhi-aerocity-soon/articleshow/57028905.cms?from=mdr |access-date=25 November 2024 |work=The Economic Times |date=8 February 2017}}</ref>

** Worldmark-2 complete in 2025.<ref name=wm1>[https://www.maritimegateway.com/aerocity-to-emerge-as-indias-premier-multimodal-transport-hub/ Aerocity to emerge as India’s premier multimodal transport hub], maritimegateway.com, 24 Oct 2025.</ref>

** Worldmark-3 completion in 2027.<ref name=wm1/>

* Worldmark-4-5-6-7: Bharti Real Estate announced the expansion of Worldmark in 2022.<ref name="d">{{cite news |last1=Haidar |first1=Faizan |title=Bharti Realty plans to invest over Rs 6,595 crore in Global Business Hub |url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/bharti-realty-plans-to-invest-over-rs-6595-crore-in-global-business-hub/articleshow/102889937.cms?from=mdr |access-date=25 November 2024 |work=The Economic Times |date=21 August 2023}}</ref> This phase comprising Worldmark 4, 5, 6 and 7 together form the commercial precinct with approximately 3.5 million sq. ft. of office space and about 3 million sq. ft. of retail space spread over 40 acres. This will include India’s largest shopping mall and is expected to be completed in 2027.<ref name="e">{{cite news |title=India's 1st aerotropolis in Delhi to get the country's largest mall in IGI Airport's Aerocity! Top 10 things to know |url=https://timesofindia.indiatimes.com/business/india-business/indias-1st-aerotropolis-in-delhi-to-get-the-countrys-largest-mall-in-igi-airports-aerocity-top-10-things-to-know/articleshow/110038041.cms |access-date=25 November 2024 |work=The Times of India |date=11 May 2024}}</ref><ref name="i">{{cite news |title=Bharti Realty to build 17 mn sq ft of office, retail space in Delhi's Aerocity to tap rising demand |url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/bharti-realty-to-build-17-mn-sq-ft-of-office-retail-space-in-delhis-aerocity-to-tap-rising-demand/articleshow/108040726.cms?from=mdr |access-date=25 November 2024 |work=The Economic Times |agency=PTI |date=27 February 2024}}</ref><ref name="j">{{cite news |title=Bharti Real Estate announces expansion of Worldmark Aerocity project |url=https://www.thehindu.com/business/bharti-real-estate-announces-expansion-of-worldmark-aerocity-project/article67858077.ece |access-date=25 November 2024 |work=The Hindu |date=17 February 2024 |language=en-IN}}</ref> This development is part of a $2.5 billion expansion project called Worldmark Aerocity. The project has been dubbed as India's first [[aerotropolis]].<ref name="f">{{cite news |last1=Abhijeet |first1=Kumar |title=India's biggest mall to come up at Delhi airport's Aerocity by 2027 |url=https://www.business-standard.com/india-news/india-s-biggest-mall-to-come-up-at-delhi-airport-s-aerocity-by-2027-124050900932_1.html |access-date=25 November 2024 |work=Business Standard |date=9 May 2024}}</ref> It will feature high-street experiences, [[luxury goods|luxury]] and mid segment brands, a food court, a 10-screen multiplex, a banquet hall, and an indoor entertainment center.<ref name="a" />

** Worldmark-4 completion in TBD.
** Worldmark-5 completion in TBD.
** Worldmark-6 completion in TBD.
** Worldmark-6 completion in TBD.

==Connectivity==

* Airport
** [[Indira Gandhi International Airport|IGI Delhi Airport]]: Worldmark sits between T1 and T2/T3.

* Rail
** Delhi Metro Orange [[Airport Express Line (Delhi Metro)|Airport Express Line]] has [[Delhi Aerocity metro station]] and [[IGI Airport metro station]] T2/T3.

** [[Golden Line (Delhi Metro)|Delhi Metro Gold Line]] has [[Delhi Aerocity metro station]] and [[Terminal 1 IGI Airport metro station]].

** [[Delhi–Alwar Regional Rapid Transit System|Delhi–Alwar RRTS]] will have station at Aerocity

** [[Bijwasan railway station]] is few km west and 2 metro stations away by Delhi Metro Orange Line.

* Bus
** [[Inter-State_Bus_Terminals#Delhi|Aerocity ISBT]] is planned to be built next to [[Delhi Aerocity metro station]].

==Present status==

* '''2025 Oct''': Worldmark-1 is already operational, Worldmark-2 is nearing completion, Worldmark Mall-3 completion is scheduled for 2027, Worldmark Mall-4 completion is scheduled for 2032.<ref name=wm1/>

==See also ==

* [[Haryana Orbital Rail Corridor]]
* [[Hindon Airport]]
* [[Noida Airport]]
* [[Hisar Airport]]

==References==
{{reflist}}

{{coord missing|Delhi}}

[[Category:Shopping malls in Delhi]]
[[Category:South West Delhi district]]

Worldmark Aerocity - Revision history

Joann47Q9259: made first place first draft!