Executive Centre India has leased nearly 115,000 sq. ft. at Worldmark 6 in Delhi’s Aerocity for ₹309 crore over nine years. The deal highlights strong demand for premium Grade A office space, rising interest from flexible workspace operators, and continued growth in India’s commercial real estate market despite limited supply.
Flexible workspace provider Executive Centre India has strengthened its footprint in the National Capital Region by leasing 114,950 sq. ft. of office space at Worldmark 6 in Delhi’s Aerocity. According to lease documents accessed by Propstack, the transaction carries a total rental commitment of ₹309 crore over a nine-year lease term, underlining the growing demand for high-quality office assets in India’s premium business districts.
The company will occupy the seventh floor of the development and pay a monthly rent of ₹2.47 crore for the chargeable area. The lease, which commenced in March 2026, also includes a security deposit of ₹14.83 crore and a 15% rent escalation every three years, reflecting long-term confidence in the location and the premium office segment.
Worldmark Continues to Attract Large Occupiers
Developed by Bharti Real Estate, the real estate arm of Bharti Enterprises, Worldmark has become one of Delhi’s most sought-after commercial office destinations. The integrated office campus spans nearly 20 million sq. ft., with Worldmark 6 expected to be fully completed by 2027.
Executive Centre joins a growing list of major occupiers choosing the development. Earlier this year, Hero MotoCorp leased 231,109 sq. ft. at Worldmark 6 in a deal valued at ₹593.8 crore over nine years. Global coworking giant WeWork also secured 113,976 sq. ft. in the same building under a 10-year lease worth ₹328.5 crore. These transactions reinforce the project’s appeal to corporates and flexible workspace operators seeking premium office environments.
Premium Office Supply Remains Limited
The leasing activity comes as India’s office market continues to witness healthy occupier demand. According to Knight Frank India, office absorption across Tier-I cities reached 40 million sq. ft. during the first half of 2026, supported by Global Capability Centres (GCCs), technology firms, and domestic businesses expanding their operations.
Despite strong demand, the supply of premium office assets remains constrained. Bharti Real Estate’s leadership recently highlighted this challenge, stating, “There are very few developers in this segment because here you need corporations with deep pockets. A rental or leasing model requires you to invest your entire corpus in advance, years before you actually start getting your money back in terms of revenue.”
Outlook for the Flexible Workspace Market
The latest transaction highlights the growing role of flexible workspace operators in India’s commercial real estate landscape. As companies increasingly seek premium, managed office solutions, demand for Grade A developments is expected to remain strong.
Bharti Real Estate also remains optimistic about rental growth. The company noted, “We are currently touching a leasing rate of ₹270 per square foot, and are confident of reaching ₹300 per square foot soon.” With premium office availability remaining limited and occupier interest continuing to rise, landmark developments such as Worldmark are expected to remain key growth drivers for India’s evolving office and flexible workspace ecosystem.
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