New Launch - India Real Estate Report 2026.
Strengthening its supply chain footprint in South India, Hyperpure, the business-to-business grocery supply arm of Zomato parent Eternal, has leased over 3.5 lakh square feet of warehousing space in Chennai on a lease of more than nine years.
The warehouse is located at Hiranandani Industrial Park, Redhills, along Periyapalayam High Road, and has been leased from Jurojin Developers Private Limited, according to property documents accessed by Propstack.
Lease terms and rental structure
The lease commenced on March 30, 2026, with rent working out to Rs 25 per square foot per month, translating to a monthly rent of Rs 87.46 lakh. Under the agreement, the monthly rent will increase by 5 per cent annually over the lease tenure.
- Warehouse size: over 3.5 lakh sq ft
- Monthly rent: Rs 87.46 lakh (Rs 25 per sq ft)
- Security deposit: Rs 3.5 crore
- Lease tenure: more than nine years, commencing March 30, 2026
Neither Zomato Hyperpure nor House of Hiranandani could be reached for comment. Raja Seetharaman, co-founder of Propstack, said the lease reflects the rapid expansion of B2B and quick-commerce supply chains into tier-1 regional hubs, adding that long-term commitments of this kind in corridors such as Chennai show technology platforms building durable, institutional logistics networks across key growth markets.
Also Read: Zomato Secures Major Warehouse Lease Near Mumbai
Follows a larger Bhiwandi warehouse lease last year
Last year, Zomato Hyperpure leased a 5.53 lakh sq ft warehouse in Bhiwandi, Thane district near Mumbai, for a monthly rent of around Rs 1.7 crore, according to documents accessed by CRE Matrix.
That warehouse was leased from Zuijin Developers Private Limited for a period of four years and seven months, with possession scheduled for September 1, 2025, followed by a 150-day rent-free fit-out period. The lease, registered on November 1, 2025, included a 48-month lock-in period and commenced at a rental of Rs 31 per square foot per month.
Zomato Hyperpure paid approximately Rs 27 lakh in stamp duty and deposited around Rs 8.57 crore as a security deposit for that facility.
Chennai warehousing absorption jumps 52% YoY
Despite a 7 per cent quarter-on-quarter decline in leasing activity during Q2 2026, India's warehousing and logistics sector maintained healthy occupier demand in the first half of the year, according to a Vestian report. The top seven cities recorded 10.6 million sq ft of warehousing absorption in Q2, taking the H1 2026 total to 22 million sq ft, the highest first-half leasing volume in the past year, with leasing activity rising 16 per cent year-on-year.
Chennai continued its strong momentum within this trend, with warehousing absorption increasing 17 per cent quarter-on-quarter and 52 per cent year-on-year to 0.7 million sq ft. Higher capital expenditure, along with investments in multimodal connectivity, dedicated freight corridors, logistics parks and cold-chain infrastructure, is expected to further improve supply chain efficiency and drive demand for modern warehousing.
Enjoyed this update? Visit PropTech Pulse for more real estate news, investment insights and property market trends.
