Zomato Leases 2.7 Lakh Sq Ft Office Space at Intellion Park, Gurugram

• Zomato to pay ₹2.33 crore monthly rent for over 2.7 lakh sq ft

• Lease tenure set at 59 months across seven floors

• Deal reflects sustained office space demand in Tier-1 cities

Gurugram: Food delivery and quick-commerce major Zomato has leased more than 270,000 square feet of office space at Intellion Park, a premium commercial development by Tata Realty and Infrastructure, reinforcing Gurugram’s position as a leading office market in India.

According to transaction documents accessed through Propstack, Zomato will occupy a chargeable area of 278,249 sq ft and pay a monthly rent of ₹2.33 crore, translating to a rental rate of ₹84 per sq ft. The lease agreement is valid for 59 months, or four years and 11 months.

Under the deal, Zomato has taken office space spanning the ground floor and six upper floors of the commercial complex. Industry experts say such large-format leasing reflects occupiers’ preference for consolidated workspaces in well-located, Grade-A office parks.

The transaction comes at a time when demand for office space in India’s top cities continues to outstrip new supply. According to a report by workplace solutions firm Vestian, office absorption across India in 2025 has remained significantly higher than fresh completions, leading to improved occupancy levels nationwide.

The report also noted that the pan-India office vacancy rate declined sharply, falling from 13.9% in 2024 to 10.8% in 2025. Key demand drivers include the rapid expansion of Global Capability Centres (GCCs), increasing adoption of flexible workspaces, the rise of unicorn start-ups, and continued growth of large technology firms.

Intellion Park has already attracted several marquee occupiers. Earlier, US-based networking company Ciena leased around 135,000 sq ft at the same complex. The park also counts global tech giants Google and IBM among its tenants.

Office leasing momentum has been particularly strong in the Delhi-NCR region. As per data from real estate consultancy Cushman & Wakefield, the region recorded a gross leasing volume of 5.1 million sq ft in the September quarter, marking a 56% year-on-year growth.

Within NCR, Gurugram led with a 72% share of total leasing, followed by Noida at 24% and Delhi sub-markets at 4%. Nearly 3.2 million sq ft of new office supply was added during the quarter, while vacancy levels declined by 83 basis points compared to the previous quarter.

Industry observers say deals like Zomato’s underline the continued confidence of large occupiers in India’s office market, particularly in established business districts such as Gurugram.