Bharti Real Estate Aims for Rs 6,000 Crore Annual Rental Income from Worldmark Properties
Bharti Real Estate, the property arm of Bharti Enterprises, is looking at a rental income of over Rs 6,000 crore a year from its commercial property, Worldmark in Aerocity, near Delhi’s Indira Gandhi International Airport. The company is developing the 17-million square feet property in phases, with significant investments and plans to lease the space efficiently.
As part of Worldmark 2.0, about 3.5 million sq ft of office property will be completed by the end of this year, and 3.5 million sq ft of mall and high street space will be completed by the end of next year, according to SK Sayal, managing director and CEO of Bharti Real Estate. The total development planned by Bharti is over 50% higher than the office stock in the Bandra Kurla Complex in Mumbai, one of the new business districts in the country, which has a total stock of 11 million sq ft.
The company is planning to invest Rs 20,000 crore to develop the entire portfolio. Bharti Real Estate has already started work on Worldmark 3.0, Sayal said. “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,” he added.
Sayal mentioned that the company has leased 1 million sq ft in FY25 and is looking to lease a similar number this financial year as well. The developer leased the property at around Rs 250 per sq ft. “Whatever we will complete this year, we will be able to lease,” he stated. Bharti sold four commercial assets in Worldmark to Brookfield India Real Estate Trust and Brookfield Asset Management in the past.
On monetizing the other assets, Sayal said that until they start full revenue generation, they won’t go for any sell-offs. “We will also bid for marquee properties, which will be put up for divestment by government-owned companies,” he added.
The company has developed Worldmark 1.0, Airtel Centre, and Bharti Crescent in the past. The top seven cities across the country saw gross leasing of 19.46 million sq ft in the first quarter of 2025, which was the highest among all previous first quarters. It was up 28.4% on a year-on-year basis, according to property consultant JLL. Bengaluru remained the leader in the quarterly leasing activity for the fourth straight quarter with a 21.9% share, with Delhi-NCR following closely behind with 21.6%. Pune jumped to the third spot with a 16% share of gross leasing in Q1, backed by strong pre-commitments, while Hyderabad and Mumbai followed behind.
