The Albany Gazette - Swiggy Leases 2.62 Lakh Sq Ft Office Space in Bengaluru for ₹241 Crore

Swiggy Limited has leased 2.62 lakh square feet of office space in the Whitefield area of Bengaluru for a tenure of 10 years, with a total estimated rental outgo of approximately ₹241 crore, according to property registration documents accessed through Propstack.

The lease agreement was signed with Sumadhura Capitol Towers Private Limited for premises spread across four floors of the Sumadhura Capitol Towers complex. The transaction covers a chargeable area of 2.62 lakh square feet and a carpet area of 1.94 lakh square feet, as detailed in the registration records.

The lease officially commenced on November 1, 2025, while the agreement was registered on November 2, 2026. Under the terms of the deal, Swiggy will pay a starting monthly rent of ₹1.79 crore, calculated at a rate of ₹68 per square foot per month on the chargeable area. This initial rate translates to an annual rental commitment of approximately ₹21.5 crore.

The 10-year lease includes a provision for a 15% escalation in rentals every three years. Based on the initial monthly rental and this stipulated escalation schedule, the total rental outgo over the full lease period is calculated to be around ₹241 crore. Additionally, the company paid a security deposit of ₹10.75 crore, according to the documents.

An email query was sent to Sumadhura Group and Swiggy for comment. The story will be updated if a response is received.

The move adds to recent commercial activity in the same building. In April 2026, DHR Holding India Private Limited, the Indian subsidiary and global capability centre of life sciences and diagnostics major Danaher Corporation, leased approximately 1.8 lakh square feet of office space in the same Whitefield building. That transaction carried a total rent of ₹88 crore for a five-year period, commencing April 1, 2026. The lease was signed with Sumadhura Capitol Towers Private Limited, an entity of the Bengaluru-based Sumadhura Group.

This office expansion follows Swiggy's recent logistics infrastructure investments. In 2025, Scootsy Logistics Pvt Ltd, a fully owned subsidiary of Swiggy, leased multiple warehouse spaces in Bhiwandi, near Mumbai. The subsidiary occupied a combined 1.21 lakh square feet of space for a total monthly rent of ₹19.98 lakh. All four agreements for the Bhiwandi spaces were registered on October 31, 2025, with rentals commencing September 1, 2025, for a period of two years.

In February 2025, Swiggy announced a ₹1,000 crore investment plan for the expansion of its subsidiary Scootsy. According to exchange filings, the investment will be made through a subscription to a rights issue by Swiggy Limited.

(B.Smith--TAG)