Zomato leases 84.1k sq ft office space for Rs.1.34 cr a month
Mumbai, May 16 -- Eternal Limited, the recently rebranded parent company of Zomato, Blinkit, Hyperpure and District, has leased six commercial office units in Andheri East for a monthly rent of Rs.1.34 crore.
The lease covers 84,157 sq ft on the sixth floor of the R Square office complex, located near JB Nagar, and includes 57 parking slots. The property is owned by Histyle Retail Pvt Ltd, a subsidiary of Mumbai-based Runwal Realty.
According to details accessed via CRE Matrix, the agreement is valid for five years, with a fixed monthly rent of Rs.160 per sq ft for the initial three years. A 15% rent escalation will take effect thereafter. The total payout over the lease term is estimated at Rs.95 crore, inclusive of maintenance charges. Without maintenance, the cumulative rent works out to Rs.85 crore. The lease commenced on May 1.
Eternal Limited's portfolio includes Zomato, its flagship food delivery business; Blinkit, a rapidly expanding quick-commerce platform for groceries and daily essentials; Hyperpure, a B2B supply chain service that supplies fresh produce and ingredients to restaurants; and District, a ticketing and events discovery app.
Headquartered in Gurugram and led by CEO Deepinder Goyal, the company is currently undergoing a strategic restructuring. This includes the liquidation of its international subsidiary Zomato Netherlands BV and a move to cap foreign ownership at 49.5%. In February, the company officially adopted the name Eternal Limited and introduced a new brand identity, marking a broader shift in its corporate outlook....
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