Zomato's Expansive Gurugram Office Lease: A Sign of Confidence in India's Commercial Real Estate

India’s commercial real estate market entered 2026 with renewed confidence, supported by large-scale leasing activity from domestic companies. A strong example of this momentum is the recent transaction where Zomato leases 2.7 lakh sq ft office space in Gurugram. At a time when businesses are carefully evaluating workspace needs, this deal reflects long-term operational planning rather than short-term expansion. It also highlights Gurugram’s growing importance as a preferred destination for technology-driven firms seeking high-quality, scalable office infrastructure in the National Capital Region.

Zomato’s parent company, Eternal Ltd, has leased seven floors at Intellion Park in Sector 59, Gurugram. The total leased area measures approximately 2.78 lakh square feet, making it one of the most notable large office lease in Gurugram transactions in recent months. The agreement was signed with Mikado Realtors Private Limited and commenced in October 2025. With a monthly rent of about ₹2.33 crore, the deal reinforces confidence in premium commercial assets.

The office space has been taken at a rate of ₹84 per square foot per month. A security deposit equivalent to six months’ rent has been paid, aligning with institutional leasing norms. The lease tenure runs for four years and eleven months, with a 15 percent escalation after three years. A three-year lock-in period ensures stability for both tenant and landlord. Such structured terms are now common in office space leasing India, especially for Grade A developments.

An important aspect of this transaction is the rent-free fit-out period of over six months. This allows Zomato to design and customise the workspace before rental payments begin. For large occupiers, such flexibility is essential when planning collaborative zones, technology infrastructure, and employee-focused amenities. This feature strengthens the appeal of Gurugram Grade A office space for companies planning long-term occupancy rather than temporary setups.

The lease includes 371 dedicated car parking spaces, calculated at one space per 750 square feet. In dense business corridors, parking availability significantly influences tenant decisions. Adequate infrastructure support enhances daily employee convenience and operational efficiency. Such considerations play a vital role in the success of commercial office space in NCR, especially for organisations with large on-site teams.

Gurugram has evolved into one of India’s most prominent business districts. Areas along Golf Course Extension Road offer excellent road connectivity, metro access, and proximity to high-end residential clusters. This balance of work and lifestyle infrastructure makes the region attractive for companies scaling operations. The continued demand confirms the strength of the Gurugram office market as a long-term corporate hub rather than a satellite location.

Large transactions like this strengthen market sentiment. When a leading domestic technology company commits to nearly three lakh square feet, it boosts confidence among developers, investors, and occupiers. The Zomato office lease reinforces demand for well-located, high-quality assets and supports rental stability across surrounding micro-markets. Such deals also encourage further investment in infrastructure and office upgrades.

Recent absorption in NCR has largely been driven by Global Capability Centres. However, Zomato’s expansion highlights rising demand from Indian technology firms. This trend shows that domestic companies are now making long-term real estate commitments similar to multinational occupiers. The growth of Indian tech office expansion is reshaping leasing patterns and broadening the tenant base in premium office developments.

This Gurugram lease aligns with Zomato’s earlier real estate moves across India. From large warehouse facilities for supply operations to premium offices in Mumbai, the company has followed a structured expansion strategy. These decisions indicate confidence in sustained business growth and underline how large Indian firms are driving corporate office leasing trends India.

The transaction strengthens Gurugram’s reputation as a core headquarters market. Large-format leases improve occupancy levels, stabilise rentals, and enhance investor confidence. Over time, such deals help shape the future of Gurugram office real estate market, encouraging developers to focus on quality, efficiency, and tenant-centric design rather than speculative supply.

As India’s digital economy continues to expand, demand for modern office spaces is expected to remain steady. Well-connected corridors with strong social infrastructure will benefit the most. Gurugram, supported by transactions like this, is well-positioned to attract further corporate commitments and maintain its leadership in NCR’s commercial landscape.

Zomato’s decision to lease nearly 2.7 lakh square feet of office space in Gurugram marks a significant moment for India’s commercial property market. The transaction reflects long-term confidence in premium office assets, strong workplace planning, and Gurugram’s role as a key corporate hub. With structured lease terms, infrastructure support, and strategic location advantages, this deal reinforces positive momentum in NCR’s office market and highlights the growing influence of domestic technology companies in shaping future commercial real estate demand.