Apple's Strategic Expansion: Major Office Space Leased in Bangalore
Apple India has secured a 10-year lease for approximately 2.7 lakh square feet of office space in Bangalore, starting at Rs 6.3 crore per month. The company has committed to over Rs 1,000 crore in total rental and maintenance expenses. This move continues despite policy concerns from the US administration.
- Country:
- India
In a significant expansion, Apple India has leased roughly 2.7 lakh square feet of prime office space in Bangalore for a decade, with an initial monthly rent set at Rs 6.3 crore, data from Propstack reveals.
This lease involves multiple floors in Embassy Group's property and is a strategic move as Apple remains the largest mobile phone exporter from India, shipping iPhones worth Rs 1.5 lakh crore by the end of the financial year 2024-25.
Despite US President Donald Trump's disapproval of Apple's expansion into India, the multinational has finalized a lease agreement running from April 3, 2025, agreeing to annual rent increments leading to over Rs 1,000 crore in total obligations over ten years.
(With inputs from agencies.)
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- Propstack
- Embassy Group
- iPhone
- export
- expansion
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