Swiggy leases Bengaluru office for 10 years at ₹241 crore
Swiggy has leased 262,350 sq ft in Whitefield, Bengaluru. According to Propstack data, total rent over ten years will reach about ₹241 crore.
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what happened
Swiggy Ltd has leased 262,350 sq ft of office space in the Sumadhura Capitol Towers building in Whitefield, Bengaluru. According to property data firm Propstack, total rent over 10 years will amount to about ₹241 crore. The office occupies the third to sixth floors of the building.
The monthly rent will be ₹1.79 crore, a rate of ₹68 per sq ft. A security deposit of ₹10.75 crore has been paid. The agreement includes a 15% rent escalation every three years. The landlord is Sumadhura Capitol Towers Private Ltd. The lease adds to the food and grocery delivery company's existing office commitments in Bengaluru, where it is headquartered.
why it matters
For markets, the deal is a private corporate transaction and is unlikely to move the stock directly. It does, however, show a growing long-term rental commitment: the 15% increase every three years will gradually raise the company's costs. Investors often weigh such details when assessing a company's operating expense structure.
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- Swiggy leases 2.6 lakh sq ft Bengaluru office for ₹241 cr over 10 years — Moody's, 14 November 2026 at 15:01 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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