Eternal Limited, the newly rebranded parent entity behind major digital brands like Zomato, Blinkit, Hyperpure, and District, has taken a significant step in its growth journey with a new office lease in Mumbai’s Andheri East. The company has rented over 84,000 sq ft in the R Square office complex near JB Nagar, marking one of the city’s most high-profile commercial real estate deals this year.

According to data from CRE Matrix, Eternal Limited has leased six commercial units on the sixth floor for a fixed monthly rent of ₹1.34 crore. The lease spans five years, with the rent locked at ₹160 per sq ft for the first three years. A 15% escalation is set to kick in afterwards. In total, the agreement is valued at ₹95 crore, which includes maintenance charges. The base rental payout alone is estimated to be around ₹85 crore.

The leased space also comes with 57 parking slots and is owned by Histyle Retail Pvt Ltd, a subsidiary of Runwal Realty—one of Mumbai’s prominent real estate developers.

This lease marks a physical expansion that aligns with Eternal Limited’s recent corporate overhaul. Formerly operating under the Zomato umbrella, the company adopted Eternal Limited in February as part of a brand refresh and strategic repositioning. “We’re building a future-ready ecosystem across diverse verticals,” said company insiders familiar with the shift.

Eternal Limited’s current business verticals include Zomato, the flagship food delivery platform; Blinkit, its fast-growing quick-commerce service; Hyperpure, which supplies ingredients to restaurants; and District, a discovery platform for events and ticketing. The company’s headquarters remain in Gurugram, but this new Mumbai office suggests deeper geographic diversification.

The lease also comes amid larger restructuring efforts within the company. Eternal has initiated the winding down of Zomato Netherlands BV, which coincides with its decision to limit foreign ownership to 49.5%. These developments indicate a recalibration of focus toward domestic growth and operational efficiency.

While office space demand remains subdued in some sectors, Eternal’s substantial lease signals confidence in India’s digital and logistics-led economy. Analysts note that long-term commercial commitments often reflect a company’s bullish outlook on sustained expansion. One industry observer said, “This move isn’t just about space—it’s a declaration of intent.”

With the lease officially commencing on May 1, Eternal Limited appears poised to consolidate its various ventures under a unified identity while laying the groundwork for its next growth phase.