+
Executive Centre India Leases 0.114 mn Sq Ft In Aerocity
ECONOMY & POLICY

Executive Centre India Leases 0.114 mn Sq Ft In Aerocity

Executive Centre India Ltd has leased about 1.14 lakh (0.114 million (mn)) sq ft of office space at Worldmark 6 in Delhi's Aerocity for a nine-year tenure, according to property registration documents accessed by Propstack. The total rental commitment over the lease period is about Rs 309 crore, equivalent to 3,090 million (mn) or 3.09 billion (bn). The deal covers the entire seventh floor of the building and reflects ongoing demand for premium office stock in Aerocity.

As per the registered agreement the leased premises comprise a carpet area of 80,001 sq ft and a chargeable area of 114,954 sq ft and the lease commenced on 26 March 2026. The monthly rent is approximately Rs 2.47 crore, or 24.7 million (mn), which translates to a rate of Rs 215 per sq ft per month. Executive Centre has furnished a security deposit of Rs 14.83 crore, equal to 148.3 million (mn), and the contract includes a rental escalation clause of 15 per cent every three years.

The lease carries 115 car parking spaces at a monthly charge of Rs 6,000 per car, with additional parking available at Rs 7,000 monthly. The agreement provides three to four two-wheeler spots for every car parking slot subject to availability. Ancillary terms follow common long-term commercial leasing practice and align with recent leasing patterns at Worldmark 6.

Recent transactions at Worldmark 6 include separate leases by Hero MotoCorp and WeWork India covering nearly 3.5 lakh sq ft and a combined rental commitment in excess of Rs 922.3 crore, underscoring Aerocity’s appeal due to proximity to Indira Gandhi International Airport. The parties did not provide comment through the documents and an update will follow if responses are received.

Executive Centre India Ltd has leased about 1.14 lakh (0.114 million (mn)) sq ft of office space at Worldmark 6 in Delhi's Aerocity for a nine-year tenure, according to property registration documents accessed by Propstack. The total rental commitment over the lease period is about Rs 309 crore, equivalent to 3,090 million (mn) or 3.09 billion (bn). The deal covers the entire seventh floor of the building and reflects ongoing demand for premium office stock in Aerocity. As per the registered agreement the leased premises comprise a carpet area of 80,001 sq ft and a chargeable area of 114,954 sq ft and the lease commenced on 26 March 2026. The monthly rent is approximately Rs 2.47 crore, or 24.7 million (mn), which translates to a rate of Rs 215 per sq ft per month. Executive Centre has furnished a security deposit of Rs 14.83 crore, equal to 148.3 million (mn), and the contract includes a rental escalation clause of 15 per cent every three years. The lease carries 115 car parking spaces at a monthly charge of Rs 6,000 per car, with additional parking available at Rs 7,000 monthly. The agreement provides three to four two-wheeler spots for every car parking slot subject to availability. Ancillary terms follow common long-term commercial leasing practice and align with recent leasing patterns at Worldmark 6. Recent transactions at Worldmark 6 include separate leases by Hero MotoCorp and WeWork India covering nearly 3.5 lakh sq ft and a combined rental commitment in excess of Rs 922.3 crore, underscoring Aerocity’s appeal due to proximity to Indira Gandhi International Airport. The parties did not provide comment through the documents and an update will follow if responses are received.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code