Lucknow's Luxury Real Estate Boom: Changing the Way the City Lives
2025-05-31 05:33:59
Bharti Real Estate, the real estate arm of Bharti Enterprises, is set to invest ₹20,000 crore over the next five to six years to develop a massive commercial hub in Delhi’s Aerocity. According to Managing Director and CEO SK Sayal, the project will span over 17 million square feet and will be built in three phases—Worldmark 2.0, 3.0, and 4.0.
The development will include office spaces, high-street retail, and India’s largest shopping mall. Half of the office space in Worldmark 2.0, which features approximately 7 million sq. ft. of leasable area, has already been leased and is expected to be delivered by the end of this year. The retail component, including the mall, is slated for completion by March 2027.
Sayal noted that the mall will be the country’s first entertainment-focused shopping destination, featuring “The Haute District” — a luxury retail zone — and India’s largest indoor entertainment area.
Worldmark Aerocity is rapidly emerging as a key commercial hotspot, thanks to its strategic location near Indira Gandhi International Airport and excellent connectivity via the Airport Express Metro, the upcoming Golden Line, NH8, and a proposed air train linking airport terminals.
The Worldmark brand already has a strong presence in Aerocity, with three operational towers (Worldmark 1, 2, and 3) forming part of Brookfield Properties' portfolio, boasting a gross leasable area of around 1.3 million sq. ft. While Brookfield REIT owns 50% of these assets, the Worldmark brand continues to be owned by Bharti Real Estate.
Worldmark 2.0 will feature three interconnected "donut-style" buildings with underground connectivity and parking capacity for 8,000 vehicles. These buildings will be six to eight storeys tall.
The land for the new phases was secured through a global tender conducted by the Airport Authority of India in 2019, where Bharti Real Estate outbid notable developers including Embassy Group and DLF.
Sayal highlighted that Worldmark commands some of the highest office rentals in India, with lease rates ranging from ₹225 to ₹250 per sq. ft.—equivalent to nearly $3 per sq. ft.
As for future plans, the company is focused on acquiring only approved, marquee projects in Delhi, ideally those made available through government disinvestments. "We are open to participating in fresh auctions of iconic assets like The Ashok Hotel, if they become available,” Sayal said.
The contract for Worldmark 3.0 has already been awarded, with the structure expected to be completed by 2027. The full build-out of all phases, including Worldmark 4.0, is scheduled for completion by 2030.
2025-05-31 05:33:59
2025-05-30 05:38:24
2025-05-22 04:03:27
2025-05-19 05:05:48
2025-05-15 04:58:19
All images on www.ecogramcity.com are artistic impressions and may differ from the actual project. Prices and payment plans are subject to change without prior notice. This website is a promotional tool and does not constitute an offer or contract. Information provided is subject to change without notice. Verify all details with our sales team before making any purchase decisions. This website and its content are for guidance only and are subject to revision. Your use of this website is at your own risk.
Ecovillage Life Style specializes in providing premium plots and farmhouses in Lucknow, Uttar Pradesh. With a commitment to quality and prime locations, we ensure your dream property becomes a reality.