{"id":992,"date":"2025-05-16T11:05:55","date_gmt":"2025-05-16T05:35:55","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=992"},"modified":"2026-02-06T13:58:12","modified_gmt":"2026-02-06T08:28:12","slug":"zomato-now-eternal-ltd-leases-office-space-in-mumbais-andheri-for-%e2%82%b985-crore","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/zomato-now-eternal-ltd-leases-office-space-in-mumbais-andheri-for-%e2%82%b985-crore\/","title":{"rendered":"Zomato (Now Eternal Ltd) Leases Office Space in Mumbai\u2019s Andheri for \u20b985 Crore"},"content":{"rendered":"\n

In a major commercial leasing transaction, Eternal Ltd, formerly known as Zomato, has signed a five-year lease for 84,157 sq. ft. of prime office space in Andheri, Mumbai. The deal is valued at \u20b985 crore, as per documents accessed by CRE Matrix<\/a>.<\/p>\n\n\n\n

The lease deal was registered on May 9, 2025, and the new workspace is located on the 7th floor of R Square, a commercial building owned by Histyle Retail Pvt Ltd (Runwal Realty). The leased premises include six units and 57 car parking spaces, offering a significant footprint in one of Mumbai\u2019s busiest commercial hubs.<\/p>\n\n\n\n

The lease agreement begins on May 1, 2025, and includes a 60-month lock-in period for the licensor and 36 months for the licensee. As per documents accessed by CRE Matrix, the monthly rent is set at \u20b91.34 crore for the initial 36 months, after which it will increase to \u20b91.54 crore for the remaining two years, reflecting a 15% escalation. The effective rent works out to approximately \u20b9160 per sq. ft.<\/p>\n\n\n\n

This move aligns with Eternal\u2019s evolving corporate vision. In February 2025, Zomato officially rebranded itself as Eternal Ltd. This was a shift in focus beyond its core food delivery business. Founder and CEO Deepinder Goyal shared that the rebranding reflects the company\u2019s broader ambitions, particularly with the growing impact of Blinkit, Zomato’s quick-commerce arm.<\/p>\n\n\n\n

Commenting on the strategic location, Abhishek Kiran Gupta<\/a>, CEO and co-founder of CRE Matrix and IndexTap.com, said that Andheri is emerging as a prominent office market due to factors such as increasing annual leasing activity, ongoing housing developments, enhanced metro, airport, and highway connectivity, as well as robust hospitality infrastructure. He added that these advantages are driving many established brands to set up their base in Andheri.<\/p>\n\n\n\n

Recent Transactions<\/strong><\/h2>\n\n\n\n

Mumbai\u2019s commercial real estate market continues to witness robust activity, with several high-value office space transactions recently finalized. Growing demand from diverse industries and improving infrastructure are driving companies to secure prime locations across key business districts in the city.<\/p>\n\n\n\n

In a significant recent transaction within R Square, the same building mentioned earlier, HDFC Bank secured a lease agreement valued at \u20b91,020 crore<\/a> for a sprawling 4.5 lakh sq ft of premium office space. In another transaction, Amazon renewed its lease for over 94,000 sq ft of office space <\/a>at Godrej Two in Vikhroli for a five-year term, with a monthly rent of \u20b91.73 crore.<\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights. Book a demo now<\/a>!<\/p>\n\n\n\n

Media Mentions<\/em><\/h4>\n\n\n\n