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Hero MotoCorp and WeWork India have leased a combined 3.45 lakh sq ft at Worldmark 6 in Aerocity, Delhi, split between 2.31 lakh sq ft and 1.14 lakh sq ft respectively. The estimated rental payout over the lease tenure is about Rs 922 crore, based on transaction documents.
7:00 AMEconomic Times RealtyA probe found occupation certificates were issued in Haryana for buildings that were not fully complete under a self-certification regime where architects attest compliance without mandatory departmental checks. Authorities have issued show-cause notices and the policy now faces a legal challenge seeking withdrawal or a stricter redesign with enforceable accountability for certifiers.
12:14 AMEconomic Times RealtySummary
Hero MotoCorp and WeWork India have leased a combined 3.45 lakh sq ft at Worldmark 6 in Aerocity, Delhi, split between 2.31 lakh sq ft and 1.14 lakh sq ft respectively. The estimated rental payout over the lease tenure is about Rs 922 crore, based on transaction documents.
Why it matters
It signals sustained demand and pricing strength in Delhi's top office corridor, supporting valuations and new supply decisions.
Summary
A probe found occupation certificates were issued in Haryana for buildings that were not fully complete under a self-certification regime where architects attest compliance without mandatory departmental checks. Authorities have issued show-cause notices and the policy now faces a legal challenge seeking withdrawal or a stricter redesign with enforceable accountability for certifiers.
Why it matters
Occupation certificates anchor possession, financing, and resale, so a credibility shock to OC issuance can freeze transactions and reprice risk across Haryana's housing market.
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