IGIA Aerocity to build 2.8 million sqft mall; $2.5 billion expansion
Real Estate

IGIA Aerocity to build 2.8 million sqft mall; $2.5 billion expansion

Indira Gandhi International Airport's (IGIA) Aerocity is about to undergo a massive transformation, becoming India's largest aerotropolis, a city built around an airport. A $2.5 billion expansion spearheaded by Bharti Realty, the leaseholder of Aerocity, is driving this growth. The project promises a mega-mall ? the largest in India at a whopping 2.8 million square feet, dwarfing even the current Vasant Kunj malls. Additionally, a global business district expansion will create a total of 18 million square feet of leasable space for offices, retail, food courts, and public areas.

The expansion will occur in phases. Phase 2, targeting completion by March 2027, will introduce Worldmark 4, 5, 6 & 7, offering 3.5 million square feet of leasable space and even underground parking for over 8,000 cars. Phase 3, set for completion by 2029, focuses on developing 4 million square feet of commercial space along the Northern Access Road. These innovative spaces will be ?boundary less? office areas with ground-floor retail, all connected by cycle tracks and walkways for a pedestrian-friendly environment.

By full development, Aerocity is expected to be a bustling hub with 2 million workers and an annual footfall exceeding 30 million. This growth will also support IGIA, potentially managing over 100 million passengers annually. To accommodate this influx, Delhi International Airport Limited (DIAL) is developing India's first interstate multi-modal transport hub near the Aerocity metro station. This hub will seamlessly integrate various transportation options, including an interstate bus terminus, the upcoming Delhi Metro Phase 4 line, and the Rapid Rail Transit System station. Aerocity's transformation is poised to redefine the concept of an airport city in India. With its mega-mall, global business expansion, and focus on connectivity, Aerocity is on track to become a major centre for work, travel, and commerce.

?Worldmark Aerocity will be the world?s most well-connected global business district with different modes of transport available. Individuals traveling from Meerut, Alwar, or Panipat will arrive here in less than 45 minutes using the upcoming RRTS. The mega mall will have parking space for thousands of cars,? announced SK Sayal, MD & CEO, Bharti Realty. Bharti is focusing on the mega mall that Sayal said would become India?s biggest when it opens by 2027.

?We have sent teams across the world and are developing the mall as the country?s largest indoor entertainment destination offering the most sought after global entertainment genres,? he added.

At present, discussions between DIAL and the Union aviation ministry revolve around determining the stops for the planned air train, which will link T1 on one end and either T3/2 (or T4 instead of T2 by the decade's end) on the other. While the airport operator leans towards installing two air train stations within Aerocity, the ministry leans towards fewer stops to streamline swift intra-terminal transfers.

(Source: Economic Times)

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Indira Gandhi International Airport's (IGIA) Aerocity is about to undergo a massive transformation, becoming India's largest aerotropolis, a city built around an airport. A $2.5 billion expansion spearheaded by Bharti Realty, the leaseholder of Aerocity, is driving this growth. The project promises a mega-mall ? the largest in India at a whopping 2.8 million square feet, dwarfing even the current Vasant Kunj malls. Additionally, a global business district expansion will create a total of 18 million square feet of leasable space for offices, retail, food courts, and public areas. The expansion will occur in phases. Phase 2, targeting completion by March 2027, will introduce Worldmark 4, 5, 6 & 7, offering 3.5 million square feet of leasable space and even underground parking for over 8,000 cars. Phase 3, set for completion by 2029, focuses on developing 4 million square feet of commercial space along the Northern Access Road. These innovative spaces will be ?boundary less? office areas with ground-floor retail, all connected by cycle tracks and walkways for a pedestrian-friendly environment. By full development, Aerocity is expected to be a bustling hub with 2 million workers and an annual footfall exceeding 30 million. This growth will also support IGIA, potentially managing over 100 million passengers annually. To accommodate this influx, Delhi International Airport Limited (DIAL) is developing India's first interstate multi-modal transport hub near the Aerocity metro station. This hub will seamlessly integrate various transportation options, including an interstate bus terminus, the upcoming Delhi Metro Phase 4 line, and the Rapid Rail Transit System station. Aerocity's transformation is poised to redefine the concept of an airport city in India. With its mega-mall, global business expansion, and focus on connectivity, Aerocity is on track to become a major centre for work, travel, and commerce. ?Worldmark Aerocity will be the world?s most well-connected global business district with different modes of transport available. Individuals traveling from Meerut, Alwar, or Panipat will arrive here in less than 45 minutes using the upcoming RRTS. The mega mall will have parking space for thousands of cars,? announced SK Sayal, MD & CEO, Bharti Realty. Bharti is focusing on the mega mall that Sayal said would become India?s biggest when it opens by 2027. ?We have sent teams across the world and are developing the mall as the country?s largest indoor entertainment destination offering the most sought after global entertainment genres,? he added. At present, discussions between DIAL and the Union aviation ministry revolve around determining the stops for the planned air train, which will link T1 on one end and either T3/2 (or T4 instead of T2 by the decade's end) on the other. While the airport operator leans towards installing two air train stations within Aerocity, the ministry leans towards fewer stops to streamline swift intra-terminal transfers. (Source: Economic Times)

Next Story
Infrastructure Urban

India, US to promote sustainable aviation fuel and hydrogen in buses

India and the United States have agreed to promote sustainable aviation fuel (SAF), electrification of medium and heavy-duty vehicles, and the use of hydrogen in buses, tractors, and heavy equipment. This decision came during the Strategic Clean Energy Partnership (SCEP) dialogue between US Energy Secretary Jennifer Granholm and Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri in Washington, DC. Both nations also encouraged increased investments in each other's clean energy markets. The joint statement emphasised the importance of a "just, orderly, and sustainable energy trans..

Next Story
Infrastructure Transport

Tuticorin Airport upgradation set for December completion

Tuticorin Airport in Tamil Nadu is undergoing a significant upgrade, with an expected completion date in December 2024. The project, valued at Rs 3.81billion, is being carried out by the Airports Authority of India (AAI) and involves the extension of the runway to accommodate A-321 type aircraft, construction of a new apron, a new terminal building, a technical block with a control tower, and a new fire station. The new terminal building, covering 17,500 square meters, will significantly enhance the airport's capacity, enabling it to serve 1,440 passengers during peak hours and handle up to 2 ..

Next Story
Infrastructure Transport

Airfare hike not tied to increased airport charges; ACI

The Airports Council International (ACI) stated that rising airfares are not linked to increased airport charges. Airport charges are crucial for infrastructure development within the commercial aviation ecosystem, but they remain a minimal part of the overall airfare. Stefano Baronci, Director General of ACI Asia Pacific & Middle East, emphasized that airports are infrastructure-intensive businesses, with costs dominated by maintaining essential infrastructure such as runways, taxiways, aprons, and terminal buildings. He noted that neglecting the capital expenditure needed to support future g..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000