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Worldmark Aerocity is a mixed-use commercial development in New Delhis Aerocity district, adjacent to Indira Gandhi International Airport.

Spanning 7.6 acres with 1.5 million square feet of leasable area across three completed buildings, it features premium office spaces, hospitality, and retail components. The retail segment, known as The Walk, covers approximately 200,000 square feet and hosts over 50 tenants, including fashion brands like Nike, Puma, Marks & Spencer, Shoppers Stop, Da Milano, Miniso, and Meena Bazaar, alongside leading food and beverage outlets such as Starbucks and various international cuisines.

Overall committed occupancy stands at 94 percent as of September 2025, reflecting strong demand in the airport-centric location.

Market position is bolstered by its role in the high-end Aerocity hospitality and business hub, attracting transient traffic from the airports 70 million annual passengers.

Leasing advantages include excellent accessibility via Aerocity Metro Station (3 minutes away), Delhi-Jaipur Expressway (4 minutes), and proximity to key areas like Vasant Vihar (9 km) and Connaught Place (16 km). The property benefits from LEED Platinum certification, energy-efficient systems, and integrated amenities that support high footfall from business travelers and tourists. However, retail performance is tied to aviation volumes, with potential vulnerabilities to travel disruptions.

In-place rents for comparable spaces hover around 200-250 INR per square foot per month, competitive for premium transit retail. The upcoming Worldmark 2.0 expansion, including a 2.8 million square foot mall by 2027, positions it for future growth but may introduce internal competition.

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Hours of Operation

Hours

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Monday10:00 AM — 10:00 PM
Tuesday10:00 AM — 10:00 PM
Wednesday10:00 AM — 10:00 PM
Thursday10:00 AM — 10:00 PM
Friday10:00 AM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday10:00 AM — 10:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

Asset Area 11, Aerocity, New Delhi, India

Insights

Demographics and Footfall

Worldmark Aerocity draws a demographic of affluent business professionals, international tourists, and corporate employees from surrounding offices and hotels. Local residents from upscale areas like Vasant Vihar contribute modestly due to limited residential density in Aerocity. Footfall is driven by the airports high traffic, with IGI handling over 70 million passengers annually; retail sees steady influx from transit users, estimated at high volumes during peak travel seasons. NCR malls reported 10 percent footfall growth in H1 2025, and Aerocity benefits from this trend, though specific metrics for The Walk indicate reliance on corporate and hotel spillover rather than family shopping. This profile supports premium retail categories but limits everyday consumer goods performance.

Competition and Market Saturation

Aerocity faces competition from established malls like Select Citywalk and Ambience Mall in nearby Vasant Kunj, which offer broader tenant mixes and higher residential catchment. The districts retail stock is around 1.2 million square feet, with Worldmark holding a niche in airport-proximate, upscale offerings. Upcoming developments, including the massive 2.8 million square foot Worldmark mall in 2027, could lead to market saturation and pressure on occupancy and rents. Current dynamics show stable demand, but retailers must differentiate through experiential F&B and luxury brands to counter nearby high-street options in Gurgaon and South Delhi.

Lease Terms and Operational Risks

Retail leasing in Worldmark Aerocity typically features base rents of 200-300 INR per square foot per month, plus turnover components, reflecting premium positioning; terms often include 5-10 year commitments with escalation clauses. Occupancy at 94 percent indicates low availability for prime spaces, but smaller units may have flexibility. Operational quality is high with modern infrastructure, 100 percent power backup, and HVAC systems, yet risks include dependency on air travel fluctuations, aging airport access roads during peaks, and seasonal dips in tourist footfall. Weak categories like budget apparel may underperform amid affluent skew, while F&B thrives on convenience for travelers.

Building Details

Property Type
Mixed-Use
Gross Leasable Area
94,116
Year Built
2015
Parking Spaces
1500
Average Monthly Footfall
333,333
Owner
Brookfield India REIT
Anchor Tenants
Bikanerwala, DragonFly, Punjab Grill, Da Milano, Chaayos, Social

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
20 km
Catchment area population
2,500,000 People
Population growth rate
2.5 %
Median age
30 Years
Household size
4.2 Persons
Education level (tertiary)
35.0 %

Median household income
12,00,000 INR per year
Unemployment rate
6.5 %
Cost of living index
140 Index (Delhi=100)

Retail spending per capita
60,000 INR per year
Spending on apparel
15,000 INR per capita per year
Spending on groceries
25,000 INR per capita per year
Spending on electronics
10,000 INR per capita per year

Annual foot traffic
4,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
1,20,000 INR per month

Number of retail stores
80 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
Medium Density
Tenant diversity
High Diversity
Unique Concepts
Pop-up stores and experiential retail Concepts

Gross Leasable Area
94,116 sq. ft.
Number of Levels
5 Levels
Average rent per square meter
1,937 INR per month
Vacancy rate
5.0 %
Lease term flexibility
Medium Flexibility
Available retail space
10,000 sq. ft.

Proximity to main roads
Direct Access
Public transport access
High Access
Parking spaces
1,500 Spaces
Pedestrian traffic
High Traffic

E-commerce competition
High Competition
Click-and-collect adoption
40.0 %
Internet penetration
80.0 %

Retail crime rate
Low Rate
Security measures
CCTV and guards Measures

Promotional events
Monthly Events
Loyalty program penetration
30.0 %
Digital signage presence
High Presence

Projected foot traffic growth
15.0 %
New tenant pipeline
20 Tenants
Mall expansion plans
2,800,000 sq. ft.
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