Eternal Ltd Leases Prime Office Space in Andheri East for Rs 95 Crore

Eternal Ltd, the rebranded parent company of Zomato, Blinkit, Hyperpure, and District, has secured a prime office space in Mumbai's Andheri East. According to property documents accessed by CRE Matrix, a data-driven real estate firm, the company has leased six commercial units totaling 84,157 sq ft on the sixth floor of the R Square office complex near JB Nagar. The lease agreement, which commenced on May 1, 2025, includes 57 parking slots. The total payout over the lease term is estimated at Rs 95 crore, inclusive of maintenance charges. The property is owned by Histyle Retail Pvt Ltd, a subsidiary of Runwal Realty. The lease spans five years, with a fixed monthly rent of Rs 160 per sq ft for the first three years. After this period, the rent will see a 15 per cent escalation. The monthly rent at the start of the lease is ₹1,34,65,120, and the security deposit is ₹8.08 crore. The lease was registered on May 9, 2025. Key details of the lease include: - Property Address: 1st to 7th Floor Units, R Square, J B Nagar, Andheri East, Mumbai - 400059 - Licensor: Histyle Retail Pvt Ltd (a Runwal Realty entity) - Licensee: Eternal Ltd - Total Area: 84,157 sq. ft. - Monthly Rent (Starting): ₹1,34,65,120 - Rent per sq. ft.: ₹160 - Security Deposit: ₹8.08 crore - Registration Date: 9 May 2025 - Number of Car Parkings: 57 - Lease Term: 5 years - Escalation Clause: 15 per cent rent hike after three years - Total Lease Outgo (estimated): ₹95 crore (including maintenance) Andheri East is rapidly becoming a preferred destination for corporates due to its strategic location. The area offers easy access to the Western Express Highway, Mumbai Metro, suburban railways, and the Chhatrapati Shivaji Maharaj International Airport. The R Square building, where the lease has been registered, provides modern Grade-A office infrastructure, aligning with Eternal’s goal of offering premium workspaces for its growing teams. Eternal Limited’s portfolio includes several key brands: - Zomato: The 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 - District: A ticketing and events discovery app This lease agreement underscores Eternal Ltd’s commitment to expanding its operations and providing top-tier facilities for its employees and partners.