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Eternal Ltd, the parent company of Zomato, has agreed a lease for a substantial commercial office space of 2,78,249 sq ft in Intellion Park, Sector 59, Gurugram, with a monthly rent payment of roughly INR 2.33 crore, according to lease deed documents. The transaction covers seven floors the ground level and floors four through nine under a lease running just under five years, which began in October 2025. The agreement includes a three-year lock-in clause, a 15% rent escalation after three years, and a rent-free fit-out period of six months and 14 days to facilitate tenant customisations before rent payments commence. A security deposit equivalent to six months rent has been paid, and the premises will provide 371 dedicated car parking spaces, calculated on the basis of one parking slot per 750 sq ft. The lease reflects strong occupier demand in Gurugram's commercial office market.
Eternal Ltd, the corporate parent of Indian food delivery and quick commerce platform Zomato, has entered into a sizeable office leasing arrangement in Gurugram's Intellion Park, according to property lease documents reviewed by real estate data sources. The deal encompasses a total chargeable area of 2,78,249 sq ft across seven floors in the commercial complex, with a monthly rent commitment of approximately INR 2.33 crore. Advertisement
The leased space comprises the ground floor plus floors four through nine of the building in Sector 59, reflecting a significant footprint in one of Gurugram's established office districts. The lease commenced in October 2025 and runs for a term of four years and 11 months. The agreement also provides for a three-year lock-in period, prohibiting early termination by either party during this initial term, and includes a rent escalation provision of 15% after the first three years of occupancy.
Under the terms of the lease, Eternal Ltd will pay a base monthly rent of INR 84 per sq ft, with payments amounting to the stated INR 2.33 crore. The company has already made a security deposit equivalent to six months rental liability, in line with institutional leasing norms for Grade-A commercial properties. Additionally, the lease provides a rent-free fit-out period of six months and 14 days, allowing time for tenant improvements and customisation of the premises prior to commencement of standard rent payments.
The arrangement also includes 371 dedicated car parking spaces, calculated on the basis of one parking slot per 750 sq ft of office area, a feature that supports large workforce requirements in high-density corporate occupancy contexts.
The lease underscores continued demand for large-format office space in the National Capital Region (NCR), particularly from tech and digital firms expanding their operational presence. Industry analysts have noted that such significant leases contribute to broader office absorption trends in Gurugram's commercial real estate market.
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