Mumbai, May 2025 — In a major real estate development that underscores its long-term growth ambitions, Eternal Ltd, the rebranded parent company of Zomato, Blinkit, Hyperpure, and District, has leased a premium commercial property in Andheri East, Mumbai for a total estimated outlay of ₹95 crore over five years.
According to property documents accessed by CRE Matrix, a real estate data analytics firm, Eternal Ltd has secured 84,157 sq. ft. of office space across six commercial units on the sixth floor of the R Square office complex near JB Nagar.
Deal Highlights
- Monthly Rent: ₹1.34 crore (₹160 per sq. ft.)
- Lease Tenure: 5 years (with 15% escalation after 3 years)
- Security Deposit: ₹8.08 crore
- Car Parking Slots: 57
- Lease Start Date: May 1, 2025
- Registration Date: May 9, 2025
- Licensor: Histyle Retail Pvt Ltd (subsidiary of Runwal Realty)
- Licensee: Eternal Ltd
The deal includes modern, Grade-A office infrastructure and is strategically located near key commercial and transit points including Western Express Highway, Mumbai Metro, suburban railway stations, and Chhatrapati Shivaji Maharaj International Airport. The location’s connectivity and corporate appeal have made Andheri East a fast-emerging business hub.
Strategic Move for Scaling Operations
This leasing marks a significant milestone for Eternal Ltd, reflecting its commitment to expanding operations across its diverse verticals:
- Zomato – India’s leading food delivery platform
- Blinkit – Quick-commerce service for grocery and daily essentials
- Hyperpure – B2B platform for fresh food and restaurant supplies
- District – A rising platform for event discovery and ticketing
With this move, Eternal aims to bring its high-growth teams under one roof, fostering synergy and innovation across its verticals. The leased space is expected to serve as a central hub for management, engineering, and operational teams.
Real Estate Trends Reflect Corporate Confidence
The lease, signed with Histyle Retail Pvt Ltd, a subsidiary of Runwal Realty, indicates growing demand for Grade-A office spaces in Mumbai’s suburban commercial corridors. Eternal Ltd’s choice of a premium facility further reaffirms the trend of tech-first companies investing in infrastructure to support hybrid and in-office teams.
