Zomato has leased more than 270,000 square feet of office space at Sector 59, Gurugram’s Intellion Park, which is owned by Tata Realty and Infrastructure. The food service company will pay INR 2.33 crore in rent each month for a 278,249-square-foot chargeable space, per the transaction records with Propstack. As a result, the monthly rent is INR 84 per square foot. The business will occupy space on the bottom floor and six upper floors of Intellion Park throughout the 59-month (four-year, eleven-month) lease arrangement. Let’s find more recent developments and the transition happening in India’s office space sector.Modifications Happening in India’s Office Space SectorThe Zomato agreement coincides with the ongoing need for office space in tier-1 Indian cities. Office absorption in India continues to surpass new supply by a significant margin in 2025. This resulted in a noteworthy improvement in occupancy levels, according to a report by occupier-focused workplace solutions business Vestian. The national vacancy rate decreased from 13.9% in 2024 to 10.8% in 2025, a decrease of 310 basis points.New global capability centres (GCCs) have been established in this market, flexible workspace operators have become more prevalent, unicorn start-ups have increased, and large technology companies have continued to flourish.Office… Read MoreStartupTalky- Business News, Insights and Stories
