Executive Centre India Ltd, a flexible workspace operator, has leased more than 1.14 lakh sq ft of office space at Worldmark 6 in Delhi’s Aerocity, with the total rental outgo estimated at around ₹309 crore over a nine-year tenure, according to property registration documents accessed by Propstack.
The lease has been signed with Alborz Developers Ltd for the entire seventh floor of Worldmark 6, Aerocity. As per the registered agreement, the leased premises comprise a carpet area of 80,001 sq ft and a chargeable area of 1,14,954 sq ft.
The lease commenced on March 26, 2026, at a monthly rental of approximately ₹2.47 crore, translating into a lease rental of ₹215 per sq ft per month. The agreement has been executed for a tenure of nine years.
The documents show that Executive Centre has provided a security deposit of ₹14.83 crore to the landlord. The lease agreement also provides for a 15% escalation in rentals every three years, a clause commonly seen in long-term commercial leasing transactions.
Based on the agreed rentals and escalation schedule, the total rental commitment over the lease tenure is estimated at around ₹309 crore.
The space was leased along with 115 car parking spaces at a monthly charge of ₹6,000 per car. Any additional car parking will be available for ₹7,000 monthly. The documents also show the company will receive three to four parking spots for two-wheelers for every car parking spot, subject to availability.
An email query has been sent to Executive Centre India Ltd and Alborz Developers Ltd. The story will be updated if a response is received.
Recent transactions
In June 2026, Hindustan Times Real Estate reported that Hero MotoCorp Ltd and co-working space provider WeWork India Management Ltd separately leased nearly 3.5 lakh sq ft of office space at Worldmark 6 in Delhi’s Aerocity from Alborz Developers Ltd, a Bharti Group entity, with a combined rental commitment of more than ₹920 crore over their respective lease tenures.
The leases, both commencing on March 1, 2026, span nine years for Hero MotoCorp and 10 years for WeWork India. The combined rental outgo over the lease periods is estimated at ₹922.3 crore, according to property registration documents accessed by Propstack.
In May 2026, WeWork India announced the launch of its new centre at Aerocity, New Delhi, spread across 1.1 lakh sq ft at Worldmark 6. Located on the third floor, the facility offers more than 1,400 desks and marks the company’s 17th centre in the Delhi-NCR region.
Aerocity has emerged as a preferred business destination for multinational corporations and globally integrated enterprises due to its proximity to Indira Gandhi International Airport and connectivity to key transit networks, the company said.
