Zomato’s 2.7 Lakh Sq Ft Office Lease Redefines Gurugram’s Corporate Real Estate Momentum
India’s commercial real estate market continues to gain strength, and Zomato latest leasing move in Gurugram clearly reflects that momentum. At a time when global uncertainty still influences business decisions, a homegrown digital giant has chosen to expand decisively. This development not only highlights Zomato’s growth ambitions but also reinforces Gurugram’s standing as a top corporate destination in NCR.
More importantly, this transaction sends a strong signal to occupiers, investors, and developers alike. Large Indian tech companies now see Gurugram as a long-term headquarters market rather than just a satellite office location.
Key Details of Zomato’s Office Lease in Gurugram
Zomato’s parent company, Eternal Ltd, has leased seven floors spanning 2.78 lakh square feet at Intellion Park (TRIL IT City), Sector 59, Gurugram. The leased premises include the ground floor and floors four through nine, offering expansive, contiguous office space suited for large teams.
The company will pay ₹84 per sq ft per month, resulting in a monthly rental outgo of approximately ₹2.33 crore. In addition, Zomato has deposited a security amount equal to six months’ rent, which aligns with institutional-grade leasing norms.
The lease commenced in October 2025, allowing the company to plan occupancy and workforce integration in a phased and efficient manner.
Lease Structure Designed for Stability and Growth
This deal stands out because of its carefully structured terms. The lease tenure runs for 4 years and 11 months, offering Zomato long-term operational certainty. After the first three years, the agreement includes a 15% rent escalation, a standard benchmark in Grade-A commercial assets.
Both parties have also agreed to a three-year lock-in period, which prevents early termination and ensures stability for the tenant as well as the landlord. Such clauses often indicate strong confidence on both sides.
Additionally, Zomato has secured a rent-free fit-out period of six months and 14 days. This time frame allows the company to design modern workspaces, install technology infrastructure, and create collaborative environments before rental payments begin.
Parking and Infrastructure Advantages
Large office spaces demand strong supporting infrastructure, and this lease delivers exactly that. The agreement includes 371 dedicated car parking spaces, calculated at one parking slot per 750 sq ft.
This provision plays a critical role in employee convenience, especially in a high-density corporate corridor like Golf Course Extension Road. As companies compete to attract top talent, such facilities increasingly influence workplace decisions.
Why Sector 59 and Golf Course Extension Road Matter
Sector 59 sits along the Golf Course Extension Road corridor, one of Gurugram’s fastest-growing commercial belts. Over the last decade, this stretch has evolved into a premium business district with seamless connectivity to NH-48, Sohna Road, and major residential hubs.
The area also offers proximity to high-end housing, social infrastructure, and lifestyle amenities. As a result, companies benefit from shorter commute times, improved employee satisfaction, and long-term scalability.
For Zomato, this location ensures access to a strong talent pool while maintaining operational efficiency.
What This Transaction Signals for Gurugram’s Office Market
Recent office absorption across NCR has largely been driven by Global Capability Centres (GCCs). However, Zomato’s expansion introduces a new narrative. A domestic tech leader committing to nearly 3 lakh sq ft of office space reflects rising confidence in India’s consumption-driven digital economy.
This shift also validates Gurugram’s ability to host large headquarters operations for Indian companies, not just multinational back offices. Consequently, institutional-grade assets in key micro-markets continue to see healthy demand.
Expert Insight: Sanjeev Singh, MD – SKJ Landbase
Sharing his perspective, Sanjeev Singh, Managing Director, SKJ Landbase, said:
“Zomato’s 2.7 lakh sq ft lease at Intellion Park marks a significant milestone for Gurugram’s commercial real estate landscape. While GCCs have powered recent demand, this transaction shows how Indian tech leaders now view Gurugram as a core business hub.
Especially for the Golf Course Extension Road corridor, such deals reinforce its position as a premium destination for large corporate headquarters and talent-driven organisations.”
His observation underscores a broader trend of corporate consolidation into high-quality, future-ready office districts.
Zomato’s Previous Real Estate Expansions
This Gurugram lease aligns with Zomato’s wider real estate strategy. Earlier, Zomato Hyperpure leased a 5.53 lakh sq ft warehouse in Bhiwandi near Mumbai for around ₹1.7 crore per month to support its B2B supply chain operations.
Additionally, Zomato leased 84,157 sq ft of office space in Andheri, Mumbai, for a total consideration of ₹85 crore over five years. These transactions collectively highlight the company’s structured and long-term expansion approach.
The Road Ahead for NCR’s Commercial Real Estate
As India’s digital economy continues to scale, demand for large-format, Grade-A office spaces will only grow stronger. Gurugram, with its evolving infrastructure and strategic corridors, stands well-positioned to capture this demand.
Zomato’s latest lease does more than secure office space. It reinforces confidence, strengthens market sentiment, and sets the tone for future corporate expansions across NCR.
