Bengaluru Office Leasing: Zomato Secures ₹200 Crore Decade-Long Deal

Bengaluru: Zomato’s parent firm, Eternal Ltd, has finalised a significant 10-year office lease for approximately 1.5 lakh sq ft of commercial space in the Bilekahalli area. This strategic commitment on Bannerghatta Road involves a total rent outlay of ₹200 crore, highlighting a major expansion phase for the food technology major within the city.

Transaction Details and Lease Structure

The following table outlines the key components of the office lease agreement signed in Bengaluru.

Strategic Rationale for Bengaluru Office Leasing

The acquisition of office space in the Vaishnavi BVS Senate tower allows Eternal Ltd to centralise its workforce across three dedicated levels. By securing 149 parking slots alongside the workspace, the company addresses logistical requirements for its professional staff in the south of the city. Property registration records confirm that rental rates are fixed at ₹93 per sq ft based on the chargeable area. Annual escalations of 15% are scheduled every three years, ensuring a structured cost profile for the decade-long tenure of leases.

Market Context and Expansion Patterns

This move follows a series of large-scale real estate commitments by the parent entity across key Indian urban hubs. In October 2025, the company secured 2.78 lakh sq ft in Gurugram’s Intellion Park, indicating a national strategy to consolidate workspace operations. Furthermore, the supply chain arm, Zomato Hyperpure, has aggressively scaled its logistics footprint in Bhiwandi near Mumbai, leasing over 7.9 lakh sq ft of warehouse space since mid-2025. These developments underscore a consistent pattern of high-value commercial leasing transactions to support operational growth.

Market Implications for Corporate Tenants

Large-scale transactions by established tech-enabled firms shift the dynamics of Grade A commercial towers in micro-markets like Bannerghatta Road commercial real estate. When major occupiers sign long-term agreements with built-in rental escalations, it creates a benchmark for surrounding properties. Such moves reduce the available supply of large-floor plate offices in prime areas of Bangalore real estate market. Developers often prioritise these anchor tenants to ensure long-term revenue stability and property valuation growth.

What This Means for Buyers and Investors

Corporate expansion by major technology firms drives demand for Grade A office space and increases rental yields in surrounding micro-markets. Investors looking at commercial assets near Bannerghatta Road should monitor the limited availability of high-quality office blocks. A sustained entry of major tenants suggests long-term value appreciation for commercial properties in India.

Outlook for Commercial Property Trends

The office market anticipates sustained demand through the remainder of the 2026 fiscal year as major service providers optimise their spatial footprints. Companies increasingly prefer consolidated office environments over dispersed locations to foster operational efficiency. With rent payments for the new Bengaluru facility commencing in July 2026, the firm is prepared for long-term integration into the local commercial landscape. Future leasing activity will likely continue to favour modern infrastructure projects that offer scalability and adequate parking facilities, similar to trends seen in South Bangalore property development.

Conclusion

The commitment by Eternal Ltd represents a critical consolidation effort within the Bengaluru office leasing market. By locking in a decade-long agreement, the firm secures essential infrastructure to sustain its growth trajectory in the city. The transaction confirms that prime commercial locations remain highly desirable for companies seeking long-term operational stability.

Disclaimer: This article is based on publicly available information and media reports. Ghar.tv does not independently verify all facts and figures mentioned. Readers are advised to conduct their own due diligence before making any investment or business decisions based on this information. The content is for informational purposes only and should not be construed as financial, legal, or professional advice.