DLF in conversation with Bharti Realty to acquire Aerocity in Delhi

07 Mar 2024 CW Team

Initially developed by Bharti, the first phase of Aerocity saw Canada's Brookfield Asset Management acquiring a controlling 51% stake in Rostrum Realty, a real estate joint venture. Despite DLF's participation in the initial bid, Bharti secured the project. However, DLF has now reignited discussions to fortify its rental portfolio.

It is speculated that DLF may establish a special purpose vehicle (SPV) as part of the transaction structure, potentially entrusting DLF Cyber City Developers (DCCDL), its rental arm, with the management of the asset. DCCDL currently oversees nearly 40 million square feet of properties across the country.

Responding to inquiries, a DLF spokesperson declined to comment, stating, "We do not comment on market speculation." Meanwhile, Bharti Realty remained unresponsive to email queries.

Bharti Realty has initiated the development of approximately 6.5 million sq ft within Aerocity, with an investment exceeding Rs 659.5 billion (roughly $794 million). This endeavour aims to transform the project into a global business hub, with around 3 million sq ft allocated for retail, including one of the region's largest malls.

The subsequent phases will see the development of approximately 10 million sq ft, with 2 million square feet dedicated to retail spaces. In the initial phase, Bharti Realty successfully constructed Worldmark 1, 2, and 3, encompassing 1.5 million square feet, now under the ownership of Rostrum Realty.

The expansion plans include the addition of Worldmark 4, 5, 6, and 7, collectively forming a commercial precinct offering approximately 3.5 million sq ft of leasable area. These new assets, part of a 60-acre integrated development, signify a significant step towards Aerocity's growth and development.

DLF (Delhi Land & Finance), India's leading real estate developer, is negotiating with Bharti Realty to acquire the under-construction phases of Aerocity in Delhi, as disclosed by three sources familiar with the matter. This potential deal involves a total development scope of 17 million square feet, with approximately 5 million sq ft dedicated to retail spaces. The project is anticipated to yield an annual rental income of Rs 500 billion upon completion. Initially developed by Bharti, the first phase of Aerocity saw Canada's Brookfield Asset Management acquiring a controlling 51% stake in Rostrum Realty, a real estate joint venture. Despite DLF's participation in the initial bid, Bharti secured the project. However, DLF has now reignited discussions to fortify its rental portfolio. It is speculated that DLF may establish a special purpose vehicle (SPV) as part of the transaction structure, potentially entrusting DLF Cyber City Developers (DCCDL), its rental arm, with the management of the asset. DCCDL currently oversees nearly 40 million square feet of properties across the country. Responding to inquiries, a DLF spokesperson declined to comment, stating, We do not comment on market speculation. Meanwhile, Bharti Realty remained unresponsive to email queries. Bharti Realty has initiated the development of approximately 6.5 million sq ft within Aerocity, with an investment exceeding Rs 659.5 billion (roughly $794 million). This endeavour aims to transform the project into a global business hub, with around 3 million sq ft allocated for retail, including one of the region's largest malls. The subsequent phases will see the development of approximately 10 million sq ft, with 2 million square feet dedicated to retail spaces. In the initial phase, Bharti Realty successfully constructed Worldmark 1, 2, and 3, encompassing 1.5 million square feet, now under the ownership of Rostrum Realty. The expansion plans include the addition of Worldmark 4, 5, 6, and 7, collectively forming a commercial precinct offering approximately 3.5 million sq ft of leasable area. These new assets, part of a 60-acre integrated development, signify a significant step towards Aerocity's growth and development.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..