Zomato Parent Firm's Gurugram Office Lease Highlights;
- Massive Office Lease: Zomato’s parent, Eternal Ltd, has leased 2,78,249 sq ft across seven floors at Intellion Park, Sector 59, Gurugram, marking one of the largest homegrown tech leases in the NCR.
- Financial Commitment: The company will pay around ₹2.33 crore per month (₹84 per sq ft) with a three-year lock-in, a six-month security deposit, 15% rent escalation after three years, and a six-month rent-free fit-out period.
- Parking & Amenities: The lease includes 371 car parking spaces and 14 days for workspace customization, reflecting typical large-scale commercial agreements.
- Strategic Consolidation: This lease signals Zomato’s long-term commitment to Gurugram, aligning with its broader expansion strategy across corporate offices and supply chain infrastructure, including previous leases in Bhiwandi (5.5 lakh sq ft) and Andheri (84,000 sq ft).
Zomato’s parent firm, Eternal Ltd, made one of the biggest moves towards amalgamating their NCR business by leasing around 2.8 lakhs sq ft of office space in Gurugram’s Intellion Park in Sector 59. They will be paying around ₹2.33 crore per month for seven floors at this commercial property. This proves that Indian tech companies are still eager to book large-format office space.
Being approximately four years and eleven months, the tenancy began in the month of October in the year 2025 and comes with a three-year lock-in period, thus bringing out the long-term commitment of the company, Zomato, to the region. This deal emerges as one of the major growths by the homegrown digital platform at a time when global ‘capability centers’ dominate the office space absorption in the country.
Lease Details;
- Leased area: 2,78,249 sq ft on the ground floor & floor levels four through nine
- Monthly rent: ₹84 per sq ft. This is approximately ₹2.33 crores.
- Landlord: Mikado Realtors Private Limited
- Security Deposit: equivalent to six months’ rental fee
- Rent Escalation: 15% after three years
- Parking allocation: 371 car parking spaces
Other benefits offered in this agreement include a rent-free fit-out period of six months and 14 days for the company to customize their working space before they begin contributing to the rental amounts. This is another common trend in larger commercial transactions.
Commenting on the transaction, Raja Seetharaman, Co-founder of Propstack, said, “Zomato’s 2.7 lac sft lease at Intellion Park is a big move for the NCR office market. While much of the recent office absorption has been driven by Global Capability Centers (GCCs), seeing a homegrown giant like Zomato consolidate and expand on such a massive scale signals robust confidence in the domestic tech ecosystem.”
He added, “For Gurugram, specifically the Golf Course Extension Road corridor, this validates the area as a premier hub for top-tier talent and corporate headquarters.”
As per, Mr. Robin Pahuja, Co- founder & Director, ElitePro Infra, “In 2025, Grade-A office rentals across Gurgram's best micro-markets generally range from ₹140 to ₹170 per sq ft per month, with specific premium pockets now touching the ₹200–₹250 per sq ft mark. This puts parts of Gurgaon within striking distance of the lower end of Delhi’s standard CBD rental range, even though areas like Connaught Place still command higher averages.”
Cushman & Wakefield Office Q4 MarketBeat Report 2025, reports Delhi NCR witnessed gross leasing volume (GLV) of 2.1 MSF in Q4 2025. IT–BPM sector led quarterly demand with 27% share, followed by professional services firms (13%) and flexible workspace operators (12%). Gurugram witnessed 54% of the leasing in Q4-25, followed by Noida and Delhi with 36% and 10% share, respectively. Noida Expressway was the most active sub-market during the quarter, accounting for 26% of GLV, followed by NH-8 Prime (23%) and Cyber City (13%).
Mr. Sandeep Chhillar, Founder and Chairman, Landmark Group, said, “Gurugram continues to anchor NCR’s office market with its infrastructure, talent access, and corporate ecosystems. What’s notable today is the nature of demand: occupiers are committing earlier and for longer durations, especially in Grade-A assets that meet global benchmarks. The city’s emerging micro-markets are witnessing steady absorption even as new supply remains measured. This balance is what will push occupancy levels higher over the next two years. The market has moved from reactive leasing to strategic space planning, which is a strong indicator of sustained momentum.”
The deal with Gurugram is the second major real estate purchase made by Zomato within the past year. Its B2B business entity, Zomato HyperPure, has leased more than 5.5 lakh square feet of warehouse space in Bhiwandi, a location close to Mumbai, while it also leased over 84,000 square feet of office space in Andheri.
These measures together illustrate the overall approach adopted by the firm to ensure the development of stronger infrastructure not only at the corporate level but even at the supply chain infrastructure level as they continue to scale businesses within food delivery services and cloud-based corporate services.
