News: Hero MotoCorp, WeWork India Take 3.45 Lakh Sq Ft at Aerocity-26-06-2026
Two separate office leases at Worldmark 6 in Delhi’s Aerocity, signed by Hero MotoCorp Ltd and WeWork India Management Ltd, carry a combined rental commitment of Rs 922.3 crore over their tenures, according to property registration documents accessed by Propstack. The landlord is Alborz Developers Ltd, a Bharti Group entity.
Both leases began on March 1, 2026. Hero MotoCorp’s runs for nine years and WeWork India’s for 10. Together they cover approximately 3,45,085 sq ft.
The documents show Hero MotoCorp has taken about 2,31,109 sq ft on the ground, second, fifth and sixth floors. Its starting monthly rent is approximately Rs 4.97 crore, or Rs 215 per sq ft, and it has paid a security deposit of Rs 29.81 crore. With a six-month rent-free period and a 15% escalation every three years, its total commitment is estimated at Rs 593.8 crore.
WeWork India has leased about 1,13,976 sq ft on the third floor at an initial monthly rent of roughly Rs 2.39 crore, or Rs 210 per sq ft, with a deposit of Rs 9.57 crore. Its lease has the same rent-free period and escalation terms, and the total outgo is estimated at Rs 328.5 crore.
Emails have been sent to Hero MotoCorp, WeWork India Management Ltd and Alborz Developers Ltd.
In May 2026, WeWork India announced a new centre of 1.1 lakh sq ft on the third floor of Worldmark 6, with more than 1,400 desks, its 17th in Delhi-NCR. The company had said Aerocity has become a preferred destination for multinational corporations and globally integrated enterprises because of its proximity to Indira Gandhi International Airport and its links to key transit networks.
