📋 Tender Overview
Scope : To Develop Worldmark Phase-II] Shopping Complex in Aerocity, Delhi
Bharti Realty, the real estate arm of Bharti Enterprises plans to develop a large business district near Delhi's airport comprising 17 million sq. ft. of commercial area, which would cater to the evolving need for premium office and retail space.
In Aerocity, Delhi, the company has developed a commercial project 'Worldmark' with a total leasable area of around 1.3 million sq. ft. To move into its expansion phase, it will develop an additional 17 million sq. ft. of commercial space in phases. Bharti Realty secured this project from Delhi International Airport (DIAL), a subsidiary of GMR Infrastructure.
The company has started construction of 6.5 million sq. ft. of commercial space, of which 3.5 million sq. ft. would be Grade-A office space and three million sq. ft. retail area. The construction works is awarded to many companies, and the planning for the remaining 10.5 million sq. ft. area is also underway.
Bharti Realty has developed over five million sq. ft. at the Worldmark Aerocity in Delhi of Grade-A commercial real estate with a diversified product mix of commercial, retail and lifestyle. It also monetised this property by selling 51 percent stake to global investment firm Brookfield.
