Eternal Ltd Secures 5-Year Office Lease in Mumbai’s Andheri East for Rs 95 Crore
Eternal Ltd, the parent company of Zomato, Blinkit, Hyperpure, and District, has signed a 5-year office lease in Mumbai's Andheri East, with a total payout of Rs 95 crore, including maintenance charges.
Eternal LtdOffice LeaseMumbaiAndheri EastReal EstateReal Estate MumbaiMay 17, 2025
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. This lease includes 57 parking slots and commenced on May 1, 2025, as per the documents.
The lease agreement spans five years, featuring a fixed monthly rent of Rs 160 per sq ft for the first three years, followed by a 15 per cent escalation thereafter. Over the lease term, the total payout is estimated at Rs 95 crore, inclusive of maintenance charges. The property is owned by Histyle Retail Pvt Ltd, a subsidiary of Runwal Realty.
Key Details of the Lease:
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, thanks to its proximity to the Western Express Highway, Mumbai Metro, suburban railways, and easy access to the Chhatrapati Shivaji Maharaj International Airport. The R Square building, where the lease has been registered, offers modern Grade-A office infrastructure, which aligns with Eternal’s goal of providing premium workspaces for its growing teams across food delivery, quick commerce, and B2B supply verticals.
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.
Frequently Asked Questions
What is the total area leased by Eternal Ltd in Andheri East?
Eternal Ltd has leased a total area of 84,157 sq ft on the sixth floor of the R Square office complex in Andheri East, Mumbai.
What is the monthly rent for the leased space?
The monthly rent for the leased space is Rs 1.34 crore.
How long is the lease agreement?
The lease agreement spans five years.
What is the rent escalation clause in the lease agreement?
The lease agreement includes a 15 per cent rent hike after the first three years.
Who is the licensor of the property?
The licensor of the property is Histyle Retail Pvt Ltd, a subsidiary of Runwal Realty.
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