en.Wedoany.com Reported - Hero MotoCorp Ltd and co-working space provider WeWork India Management Ltd have each leased nearly 350,000 square feet of office space at Worldmark 6 in Delhi's Aerocity from Alborz Developers Ltd, a Bharti Group company, with total rental commitments exceeding Rs 9.2 billion across the two leases. This information comes from property registration documents obtained by Propstack, with both leases effective from March 1, 2026.

According to the documents, Hero MotoCorp's lease is for a 9-year term, covering the ground, second, fifth, and sixth floors of Worldmark 6, totaling approximately 231,109 square feet. The company's initial monthly rent is around Rs 49.7 million, equivalent to Rs 215 per square foot, and it paid a security deposit of Rs 298.1 million. The lease includes a six-month rent-free period, with rent increasing by 15% every three years. Based on this, Hero MotoCorp's total rental commitment over the 9-year period is approximately Rs 5.938 billion.

In another transaction, WeWork India Management Ltd leased approximately 113,976 square feet across three floors in the same building for a 10-year term. The company's initial monthly rent is around Rs 23.9 million, or Rs 210 per square foot, with a security deposit of Rs 95.7 million. This lease also includes a six-month rent-free period and a 15% rent escalation every three years, with total rental expenditure estimated at Rs 3.285 billion over the lease term. Combined, the two transactions cover approximately 345,085 square feet of office space, with cumulative rental commitments exceeding Rs 9.2 billion.

In May 2026, WeWork India announced a new 110,000-square-foot center at Aerocity Worldmark 6, located on the third floor and offering over 1,400 workstations. This is the company's 17th center in Delhi-NCR. The company stated that Aerocity, due to its proximity to Indira Gandhi International Airport and connectivity to major transport networks, has become a preferred business destination for multinational corporations and global integrated enterprises.

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