Zomato Hyperpure, the business-to-business platform under Eternal Ltd--formerly Zomato Ltd, has picked up over half a million sq ft warehousing space in Bhiwandi near Mumbai through a long-term lease of nearly five years, strengthening its backend operations that supply farm produce, groceries and other essentials to restaurants.
The company has leased 553,249 sq ft at Hiranandani Industrial Park in Mauje Pogaon of Bhiwandi, with a starting monthly rent of Rs 1.71 crore. The lease carries a 48-month lock-in period and grants a 150-day rent-free initial fit-out window to the lessee.
The company has paid a security deposit worth Rs 8.57 crore and stamp duty of Rs 26.98 lakh for the registration of the deal that took place on November 1, shows the registration documents accessed through CRE Matrix, a realty data analytics platform.
Industry analysts note that such large commitments reflect sustained occupier demand. The structured rent commencement also provides flexibility to the tenant to align operations before taking on the full rental obligation.
Bhiwandi has emerged as one of the largest warehousing and logistics clusters in the Mumbai Metropolitan Region, attracting e-commerce, retail and logistics companies due to its connectivity with Mumbai, Thane, and Navi Mumbai, and proximity to the Mumbai–Nashik Highway and Jawaharlal Nehru Port.
Eternal has been expanding Hyperpure operations across multiple cities, with dedicated facilities for sourcing and distribution. The segment has grown into a key part of the company's business mix, contributing to its revenue diversification beyond food delivery.
In September too, the company leased another warehousing space spanning over 250,000 sq ft in Bhiwandi for a tenure of five years. Leasing large warehousing spaces near Mumbai reflects the company’s continued focus on strengthening its supply chain infrastructure in one of India’s largest consumption hubs.
ET’s email query to Eternal and House of Hiranandani remained unanswered until the time of going to press.
India’s warehousing market continues to see strong traction on the back of rising consumption, e-commerce expansion and supply-chain consolidation. Occupiers are increasingly opting for larger, technology-enabled facilities to improve efficiency and speed of delivery.
The growing focus on Grade A assets and long-term leases underscores confidence in the sector’s fundamentals. Industry experts expect this momentum to sustain as companies across manufacturing, retail and food services expand distribution networks and streamline backend operations through organised warehousing infrastructure.
The company has leased 553,249 sq ft at Hiranandani Industrial Park in Mauje Pogaon of Bhiwandi, with a starting monthly rent of Rs 1.71 crore. The lease carries a 48-month lock-in period and grants a 150-day rent-free initial fit-out window to the lessee.
The company has paid a security deposit worth Rs 8.57 crore and stamp duty of Rs 26.98 lakh for the registration of the deal that took place on November 1, shows the registration documents accessed through CRE Matrix, a realty data analytics platform.
Industry analysts note that such large commitments reflect sustained occupier demand. The structured rent commencement also provides flexibility to the tenant to align operations before taking on the full rental obligation.
Bhiwandi has emerged as one of the largest warehousing and logistics clusters in the Mumbai Metropolitan Region, attracting e-commerce, retail and logistics companies due to its connectivity with Mumbai, Thane, and Navi Mumbai, and proximity to the Mumbai–Nashik Highway and Jawaharlal Nehru Port.
Eternal has been expanding Hyperpure operations across multiple cities, with dedicated facilities for sourcing and distribution. The segment has grown into a key part of the company's business mix, contributing to its revenue diversification beyond food delivery.
In September too, the company leased another warehousing space spanning over 250,000 sq ft in Bhiwandi for a tenure of five years. Leasing large warehousing spaces near Mumbai reflects the company’s continued focus on strengthening its supply chain infrastructure in one of India’s largest consumption hubs.
ET’s email query to Eternal and House of Hiranandani remained unanswered until the time of going to press.
India’s warehousing market continues to see strong traction on the back of rising consumption, e-commerce expansion and supply-chain consolidation. Occupiers are increasingly opting for larger, technology-enabled facilities to improve efficiency and speed of delivery.
The growing focus on Grade A assets and long-term leases underscores confidence in the sector’s fundamentals. Industry experts expect this momentum to sustain as companies across manufacturing, retail and food services expand distribution networks and streamline backend operations through organised warehousing infrastructure.
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