16 May , 2025 By : Debdeep Gupta
The starting monthly rent has been agreed upon at Rs 160 per sq ft, CRE Matrix said citing registration documents reviewed by the company. Over a period of five years, the total rent outgo is expected to be Rs 95 crore, including maintenance charges.
Eternal, the parent entity of Zomato, has taken up office space spanning 84,157 square feet on lease in Mumbai for five years, for a monthly rent of Rs 1.34 crore, data analytic firm CRE Matrix has reported.
Eternal has leased the office space in Mumbai's Andheri (east) area from Histyle Retail, CRE Matrix said. The starting monthly rent has been agreed upon at Rs 160 per sq ft, CRE Matrix said citing registration documents reviewed by the company. Over a period of five years, the total rent outgo is expected to be Rs 95 crore, including maintenance charges.
The agreement has a clause of rent escalation by 15 percent after three years and the lease was registered on May 9. The lease includes 57 parking slots, CNBC-TV18 added in its report.
Shares of Eternal are higher by over a percent in early trade on May 16.
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