Tag: Alborz Developers

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Lenskart Leases 88,343 Sq Ft Office in Delhi Aerocity

NEW DELHI: Lenskart Solutions has signed a lease for 88,343 sq ft of office space at Worldmark 6, Aerocity, Delhi, from Alborz Developers, as per lease documents obtained from Propstack, a real estate data analytics company. The leased area consists of the entire eighth floor, including Units 1 and 2, designated for office use. This marks a new lease agreement. The lease commenced on April 1, 2026, and spans nine years. Lenskart will begin with a monthly rent of ₹210 per sq ft, resulting in an estimated monthly cost of around ₹1.86 crore. Propstack estimates the overall rental value for…

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Executive Centre leases 1.15 lakh sq ft in Delhi Aerocity

Representative AI image NEW DELHI: The Executive Centre (TEC) India has secured a lease for 114,954 sq ft of office space at Worldmark 6, Aerocity, Delhi, from Alborz Developers, as per documents obtained from Propstack. The company will occupy the seventh floor under this new lease, effective from March 26, 2026. The monthly rent is approximately ₹2.47 crore, starting at ₹215 per sq ft. Over the nine-year lease period, the total rent is projected to be around ₹309 crore, factoring in scheduled escalations. A security deposit of about ₹14.83 crore has been paid. The lease includes a 15% rent escalation…

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Hero MotoCorp, WeWork Lease 3.45 Lakh Sq Ft in Delhi’s Worldmark 6

Representative AI image NEW DELHI: Hero MotoCorp and WeWork India Management have signed leases for approximately 345,000 sq. ft. of office space at Worldmark 6 in Aerocity, Delhi, sourced from Alborz Developers, as noted in Propstack documents. The total estimated rental expenditure over the lease duration is around ₹922 crore. Hero MotoCorp will occupy 231,109 sq. ft. across the ground, second, fifth, and sixth floors of Worldmark 6 with a nine-year lease beginning March 1, 2026. The monthly rent is set at about ₹4.97 crore, calculated at ₹215 per sq. ft. per month, totaling approximately ₹593.8 crore for the lease…