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🏢 Executive Centre Leases 1.14 Lakh Sq.Ft. Office Space in Delhi Aerocity for ₹309 Crore!

India's premium flexible workspace operator The Executive Centre (TEC) has leased 1.14 lakh sq.ft. of Grade-A office space at Worldmark 6, Aerocity, New Delhi, with a total rental commitment of approximately ₹309 crore over a 9-year lease.

The deal further strengthens Delhi Aerocity's position as one of India's fastest-growing commercial and business hubs, attracting global enterprises, coworking operators, and multinational corporations.

📌 Deal Highlights

🏢 Tenant: Executive Centre India Ltd.

🏗️ Landlord: Alborz Developers Ltd. (Bharti Group)

📍 Location: Worldmark 6, Aerocity, New Delhi

📐 Chargeable Area: 1,14,954 Sq.Ft.

📏 Carpet Area: 80,001 Sq.Ft.

💰 Total Rental Commitment: ₹309 Crore

💵 Monthly Rent: ₹2.47 Crore

📊 Rental Rate: ₹215/Sq.Ft./Month

📅 Lease Tenure: 9 Years

📈 Rent Escalation: 15% Every 3 Years

💼 Security Deposit: ₹14.83 Crore

🚗 Parking: 115 Car Parking Spaces

Why Aerocity?

With seamless connectivity to IGI Airport, Delhi Metro, NH-48, and Gurgaon, Aerocity has become a preferred destination for multinational corporations, GCCs, Fortune 500 companies, and premium flexible workspace operators.

Recent leasing activity by Hero MotoCorp, WeWork, Tesla, and Executive Centre highlights the growing demand for premium commercial real estate in the micro-market.

📢 Do you think Aerocity is becoming India's next major business district?

Source: Hindustan Times

🏢 Arshad Warsi Sells Andheri Commercial Shop for ₹6.25 Crore!

Bollywood actor Arshad Warsi, known for blockbuster films like Munna Bhai MBBS, Dhamaal, and Jolly LLB, has sold a commercial shop in Mumbai's Lokhandwala Complex, Andheri West for ₹6.25 crore.

The actor had purchased the property in 2012 for ₹2.12 crore, earning an impressive appreciation over 14 years.

📌 Deal Highlights

🎬 Seller: Arshad Warsi

📍 Location: Lokhandwala Complex, Andheri West, Mumbai

🏢 Property Type: Commercial Shop

📐 Carpet Area: 684 Sq.Ft.

💰 Sale Price: ₹6.25 Crore

💵 Purchase Price (2012): ₹2.12 Crore

📈 Capital Appreciation: Approx. ₹4.13 Crore (195%+)

💲 Price Per Sq.Ft.: ₹91,400

🗓️ Registration Date: 1 July 2026

🏛️ Building: Grenville Co-operative Housing Society Ltd.

Why Lokhandwala?

Lokhandwala Complex remains one of Mumbai's most sought-after high-street retail destinations, driven by premium residential catchments, strong consumer footfall, restaurants, cafés, fitness centres, luxury retail, and limited commercial inventory.

Prime ground-floor commercial spaces in the locality continue to attract investors seeking long-term capital appreciation and rental income.

💬 Would you invest in a high-street commercial property over a residential apartment?

Source: Hindustan Times