Zomato Hyperpure Leases Over Half a Million Sq Ft Warehouse in Bhiwandi to Bolster Supply Chain

Eternal Limited's business-to-business platform, Zomato Hyperpure, has secured a large warehousing facility of 553,249 sq ft in Bhiwandi, near Mumbai. This strategic acquisition, located at Hiranandani Industrial Park in Mauje Pogaon, is part of a long-term lease agreement lasting nearly five years, with a starting monthly rent of Rs 1.71 crore. The deal includes a 48-month lock-in period and grants Zomato Hyperpure a 150-day rent-free period for fitting out the space before full rental obligations begin. Registration documents show a security deposit of Rs 8.57 crore and stamp duty of Rs 26.98 lakh were paid for the transaction.

This expansion is crucial for enhancing Zomato Hyperpure's backend operations, which are responsible for sourcing and distributing farm produce, groceries, and other essential items to restaurants. The company has been actively expanding its Hyperpure operations across multiple cities, with this move underscoring its focus on strengthening supply chain infrastructure in one of India's major consumption hubs. This expansion follows a similar lease of over 250,000 sq ft in Bhiwandi secured in September.

Impact: This significant leasing commitment by Zomato Hyperpure demonstrates continued investment in operational expansion and supply chain efficiency. It is a positive indicator for the Indian warehousing and logistics market, which is experiencing robust growth driven by e-commerce and rising consumption. The expansion is expected to improve Zomato Hyperpure's service delivery to its restaurant clients and contribute to Eternal Limited's revenue diversification. The impact on the market is rated 7/10.

Difficult Terms Explained: * Backend Operations: Essential behind-the-scenes business activities like procurement, logistics, warehousing, and inventory management that support primary operations. * Long-term Lease: An agreement to rent property for an extended period, typically more than one year, providing stability. * Lock-in Period: A specified duration during which a lease agreement cannot be terminated by the lessee. * Fit-out Window: A period granted to a tenant before the lease officially starts, allowing them to customize or furnish the space without paying rent. * Security Deposit: A sum paid by the tenant to the landlord to cover potential damages or unpaid rent. * Stamp Duty: A tax imposed by the government on legal documents, including lease agreements. * Grade A Assets: High-quality, modern, and well-maintained industrial or commercial properties built to international standards.