NEW DELHI: Sunil Mittal-backed Bharti Realty is setting up a 700,000 sq. ft. food & beverage, shopping and leisure destination, Worldmark, at Aerocity, close to Delhi airport.
Worldmark will have more than 16,000 sq. ft. of eating-out space that will house several restaurants including Cafe Delhi Heights, Imperfecto, Social and Asia 7, other than an Epicuria food mall with 13 restaurants.
SK Sayal, CEO of Bharti Realty says Aerocity will turn into the food hub for the NCR because of its central location. "It will beat DLF's CyberHub," he said.
While CyberHub, found 10 km away in Gurgaon, has a much greater F&B zone with around 200,000 sq. ft. of space, retail specialists feel its location would work in Worldmark's advantage being near to both Gurgaon and South Delhi.
"Since there would be F&B, retail, hotels, fashion and also some offices in one area here, there is a distinct advantage of location," said Pankaj Renjhen, managing director for retail services at property consultancy JLL India.
He said there is a market for both CyberHub & Worldmark Aerocity as the demand has been growing over the last few years across cities.
Riyaaz Amlani, chief executive of the Mumbai-headquartered Impresario Foods, said his firm is setting up Social at both Aerocity and CyberHub. "We believe both are prime catchment areas. There could be a slight overlap between the two, but by and large, the captive audiences for both are different, premium and have very significant footfall potential," he said.
According to Sayal of Bharti Realty, on an average 1.3 lakh travellers use the Delhi airport every day and about half of them are business travellers visiting the city for a day or two. "With Aerocity now being fully operational, there is huge change expected on how business travellers work, network without stepping out of the vicinity of the airport," he said.
 |
13 Jan 2017 New Delhi: The Northern Peripheral Road, the 24-km long 8-laned expressway awaiting completion since 2012, seems to be finally on the home stretch Read More |
 |
17 Nov 2017 The Centre on Thursday approved the enhancement of the carpet area of houses for the middle-income group (MIG) category under the Pradhan Mantri Aw Read More |
 |
11 Nov 2017 NEW DELHI: The Cabinet on Friday approved Rs 25,703 crore for development of an Exhibition-cum-Convention Centre at Dwarka here to put the national Read More |
 |
16 Sep 2017 PAREENA Developers offering an option to get one’s home custom-made the way one desires. Customisation in India is no more restricted to Read More |
 |
16 Jul 2017 Realty consultants want the state to do whatever it takes to attract big names in the IT sector as that will create more job opportunities Read More |
 |
16 Jul 2017 The local stamp and registrar office has received fresh instructions to ‘discourage’ property registration by builders and c Read More |
 |
09 Jul 2017 The state cabinet on Wednesday cleared the long-awaited Real Estate (Regulation and Development) Rules, framed under the Real Estate Reg Read More |
 |
08 Oct 2016 NEW DELHI: In a judgment that is certain to put immense financial burden on already cash-crunched real estate engineers, every home buyers of a housin Read More |
 |
22 May 2015 Do you know which Haryana cities & towns selected in Haryana affordable housing policy 2013 by the Town and Country Planning department of Haryan Read More |
 |
17 Aug 2016 Mumbai: Shares of Unitech down by 20% on Tuesday, its lowest trading permissible limit for the day after the debt ridden real estate firm advised the Read More |
 |
11 Jul 2016 Bengaluru: New residential projects launches slumped to their lowest in three years in the first 1/2 of 2016 as the Read More |
 |
09 Sep 2016 NEW DELHI: The Supreme Court (SC) said on Tuesday that people who have invested in real estate for booking flats will not suffer because of the poor Read More |
 |
23 Jun 2015 Reverse to the most popular belief that real estate is not always a risky gamble. Commercial Properties are the biggest and most stable attraction in Read More |
 |
06 Aug 2016 SENIOR Housing that assist begin new life at 60. It wasn't quite Wembley Arena and his guitar turned off at times, however Raghav Prabhu finally live Read More |
