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 targeting a rental income of Rs 6,000 crore annually from its Worldmark properties 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.
Bharti Real EstateWorldmarkRental IncomeCommercial PropertyReal EstateReal Estate NewsJun 19, 2025
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.
Frequently Asked Questions
What is Bharti Real Estate's target annual rental income from Worldmark properties?
Bharti Real Estate aims to achieve an annual rental income of over Rs 6,000 crore from its Worldmark properties in Aerocity, near Delhi’s Indira Gandhi International Airport.
What is the total development area planned for Worldmark?
The total development area planned for Worldmark is 17 million square feet, which is over 50% higher than the office stock in the Bandra Kurla Complex in Mumbai.
How much has Bharti Real Estate leased in FY25 and what are their plans for the current financial year?
Bharti Real Estate has leased 1 million sq ft in FY25 and is looking to lease a similar number this financial year. They leased the property at around Rs 250 per sq ft.
What is the planned investment for the entire Worldmark portfolio?
The company is planning to invest Rs 20,000 crore to develop the entire Worldmark portfolio.
What are Bharti Real Estate's plans for monetizing other assets?
Bharti Real Estate will not go for any sell-offs until the assets start full revenue generation. They will also bid for marquee properties put up for divestment by government-owned companies.
Related News Articles
Revolutionizing Banaras: The Vidhan Group's Entry into Luxury Real Estate
Meet Rajnish Singh, the ambitious farmer turned entrepreneur, who is redefining premium living in Banaras with his new venture, Vidhan Group.
Indian Residential Real Estate Sector Witnesses Unprecedented Growth, Except in Kolkata
India's residential real estate market has seen a significant surge, with major cities like Bengaluru, Mumbai, Delhi NCR, and Hyderabad leading the charge, while Kolkata bucks the trend with an 11% decline in new launches.
Kalpataru Ltd Aims to Raise Rs 1590 Crore via IPO to Reduce Debt
Kalpataru Ltd, a Mumbai-based real estate firm, has filed draft papers with SEBI to raise up to Rs 1590 crore via IPO.
Bajaj Housing Finance, Swiggy, NTPC Green, RVNL Reclassified as Largecap Stocks
In a significant move, Bajaj Housing Finance, Swiggy, NTPC Green, and RVNL are set to be reclassified as largecap stocks, marking a major shift in the investment landscape. This reclassification could have far-reaching implications for investors and the c
A Real Estate Boost: Tax Incentives to Fuel GIFT City's Growth
Mumbai: The recent budget's series of tax proposals and incentives for the International Financial Services Centre (IFSC) at GIFT City are expected to significantly propel real estate development and attract investments, transforming the region into a vib
Sustainability Meets Luxury: The Rise of Biophilic Design in Modern Real Estate
Discover how biophilic design is transforming the ultra-luxury real estate market, particularly in the NCR region, by integrating nature and sustainability into modern living spaces.