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

Eternal Ltd Secures 5-Year Office Lease in Mumbai’s Andheri East for Rs 95 Crore
Real Estate Mumbai:Eternal Ltd, the rebranded parent company of Zomato, Blinkit, Hyperpure, and District, has leased office space in Mumbai's Andheri East for a monthly rent of Rs 1.34 crore, according to property documents accessed by CRE Matrix, a data-driven real estate firm.nnThe 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.nnThe 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.nnKey Details of the Lease:nnProperty Address: 1st to 7th Floor Units, R Square, J B Nagar, Andheri East, Mumbai - 400059nLicensor: Histyle Retail Pvt Ltd (a Runwal Realty entity)nLicensee: Eternal LtdnTotal Area: 84,157 sq. ft.nMonthly Rent (Starting): ₹1,34,65,120nRent per sq. ft.: ₹160nSecurity Deposit: ₹8.08 crorenRegistration Date: 9 May 2025nNumber of Car Parkings: 57nLease Term: 5 yearsnEscalation Clause: 15 per cent rent hike after three yearsnTotal Lease Outgo (estimated): ₹95 crore (including maintenance)nnAndheri 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.nnEternal 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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