IGIA Aerocity to build 2.8 million sqft mall; $2.5 billion expansion

13 May 2024 CW Team

The expansion will occur in phases. Phase 2, targeting completion by March 2027, will introduce Worldmark 4, 5, 6 & 7, offering 3.5 million square feet of leasable space and even underground parking for over 8,000 cars. Phase 3, set for completion by 2029, focuses on developing 4 million square feet of commercial space along the Northern Access Road. These innovative spaces will be ?boundary less? office areas with ground-floor retail, all connected by cycle tracks and walkways for a pedestrian-friendly environment.

By full development, Aerocity is expected to be a bustling hub with 2 million workers and an annual footfall exceeding 30 million. This growth will also support IGIA, potentially managing over 100 million passengers annually. To accommodate this influx, Delhi International Airport Limited (DIAL) is developing India's first interstate multi-modal transport hub near the Aerocity metro station. This hub will seamlessly integrate various transportation options, including an interstate bus terminus, the upcoming Delhi Metro Phase 4 line, and the Rapid Rail Transit System station. Aerocity's transformation is poised to redefine the concept of an airport city in India. With its mega-mall, global business expansion, and focus on connectivity, Aerocity is on track to become a major centre for work, travel, and commerce.

?Worldmark Aerocity will be the world?s most well-connected global business district with different modes of transport available. Individuals traveling from Meerut, Alwar, or Panipat will arrive here in less than 45 minutes using the upcoming RRTS. The mega mall will have parking space for thousands of cars,? announced SK Sayal, MD & CEO, Bharti Realty. Bharti is focusing on the mega mall that Sayal said would become India?s biggest when it opens by 2027.

?We have sent teams across the world and are developing the mall as the country?s largest indoor entertainment destination offering the most sought after global entertainment genres,? he added.

At present, discussions between DIAL and the Union aviation ministry revolve around determining the stops for the planned air train, which will link T1 on one end and either T3/2 (or T4 instead of T2 by the decade's end) on the other. While the airport operator leans towards installing two air train stations within Aerocity, the ministry leans towards fewer stops to streamline swift intra-terminal transfers.

(Source: Economic Times)

Indira Gandhi International Airport's (IGIA) Aerocity is about to undergo a massive transformation, becoming India's largest aerotropolis, a city built around an airport. A $2.5 billion expansion spearheaded by Bharti Realty, the leaseholder of Aerocity, is driving this growth. The project promises a mega-mall ? the largest in India at a whopping 2.8 million square feet, dwarfing even the current Vasant Kunj malls. Additionally, a global business district expansion will create a total of 18 million square feet of leasable space for offices, retail, food courts, and public areas. The expansion will occur in phases. Phase 2, targeting completion by March 2027, will introduce Worldmark 4, 5, 6 & 7, offering 3.5 million square feet of leasable space and even underground parking for over 8,000 cars. Phase 3, set for completion by 2029, focuses on developing 4 million square feet of commercial space along the Northern Access Road. These innovative spaces will be ?boundary less? office areas with ground-floor retail, all connected by cycle tracks and walkways for a pedestrian-friendly environment. By full development, Aerocity is expected to be a bustling hub with 2 million workers and an annual footfall exceeding 30 million. This growth will also support IGIA, potentially managing over 100 million passengers annually. To accommodate this influx, Delhi International Airport Limited (DIAL) is developing India's first interstate multi-modal transport hub near the Aerocity metro station. This hub will seamlessly integrate various transportation options, including an interstate bus terminus, the upcoming Delhi Metro Phase 4 line, and the Rapid Rail Transit System station. Aerocity's transformation is poised to redefine the concept of an airport city in India. With its mega-mall, global business expansion, and focus on connectivity, Aerocity is on track to become a major centre for work, travel, and commerce. ?Worldmark Aerocity will be the world?s most well-connected global business district with different modes of transport available. Individuals traveling from Meerut, Alwar, or Panipat will arrive here in less than 45 minutes using the upcoming RRTS. The mega mall will have parking space for thousands of cars,? announced SK Sayal, MD & CEO, Bharti Realty. Bharti is focusing on the mega mall that Sayal said would become India?s biggest when it opens by 2027. ?We have sent teams across the world and are developing the mall as the country?s largest indoor entertainment destination offering the most sought after global entertainment genres,? he added. At present, discussions between DIAL and the Union aviation ministry revolve around determining the stops for the planned air train, which will link T1 on one end and either T3/2 (or T4 instead of T2 by the decade's end) on the other. While the airport operator leans towards installing two air train stations within Aerocity, the ministry leans towards fewer stops to streamline swift intra-terminal transfers. (Source: Economic Times)

Resources

11 May 2026

JSW One Elevates Mayank Gupta as CFO

JSW One Platforms has elevated Mayank Gupta as Chief Financial Officer as the company strengthens its leadership team to support its next phase of growth and institutional expansion.Gupta, who earlier served as Chief Operating Officer, has played a key role in scaling the company’s integrated commerce, supply chain and finance ecosystem. In his new role, he will oversee strategic finance, treasury, governance, capital allocation and financial planning.Gaurav Sachdeva, Joint Managing Director and CEO, JSW One Platforms, said Gupta’s operational understanding and financial expertise make him..

Infrastructure Urban

11 May 2026

India and EU Launch 15.2 Million Euro EV Battery Recycling Initiative

India and the European Union launched a third coordinated call for proposals on the recycling of electric vehicle batteries under the India-EU Trade and Technology Council Working Group two on five May 2026, with submissions due on 15 September 2026. The initiative is aimed at securing critical raw materials and accelerating the transition to a circular economy while deepening bilateral relations. The announcement was made by officials from the Office of the Principal Scientific Adviser and the European Commission. The call has a combined funding pool of 15.2 million euros (15.2 mn euros) and ..

Infrastructure Urban

11 May 2026

Aptus Value Posts Strong FY26 Results And Asset Quality

Aptus Value Housing Finance India Limited on six May 2026 reported results for the quarter and year ended 31 March 2026. Assets under management (AUM) stood at Rs 131.07 bn, up 21 per cent year on year. The company said improved field execution and sustained demand supported the growth. Disbursements in the fourth quarter were Rs 12.42 bn, up 17 per cent year on year, and full year disbursements were Rs 40.09 bn, up 11 per cent. Total income for FY26 was Rs 22.46 bn, up 25 per cent, and net profit for the year was Rs 9.43 bn, a rise of 26 per cent. Quarterly net profit was Rs 2.61 bn. For the ..