Apple has signed its largest-ever office lease in India, securing 2.7 lakh square feet of premium workspace in Bengaluru’s Embassy Zenith for ₹1,010 crore over 10 years. This strategic expansion reinforces India’s growing importance in Apple’s global operations.

Apple Bengaluru Lease: Deal Breakdown

Aspect	Details
Total Value	₹1,010 crore (10 years)
Office Space	2.7 lakh sq ft
Monthly Rent	₹6.31 crore
Rate per sq ft	₹235/sq ft/month
Location	Embassy Zenith, Vasant Nagar
Floors Occupied	5th to 13th floors
Annual Escalation	4.5%

India’s Strategic Role in Apple’s Growth

Manufacturing Powerhouse:

Apple has transformed India into a major manufacturing hub, with iPhone exports worth nearly ₹1.5 lakh crore making it the largest mobile phone exporter from India. The new office expansion aligns with Apple’s production scaling alongside partners like Foxconn.

Office Expansion Timeline:

2021: Leased 1.16 lakh sq ft at Prestige Minsk Square for ₹2.43 crore monthly
2023: Operations began at first Bengaluru facility
2025: New Embassy Zenith office – 2.3x larger capacity

Premium Location Sets New Benchmarks

The deal sets a benchmark for lease rates in the city, with prices hitting nearly ₹235 per sq ft per month, reflecting Bengaluru’s status as India’s tech capital. The Embassy Zenith location offers:

Prime connectivity in Vasant Nagar’s tech corridor
Nine floors of modern workspace infrastructure
Comprehensive amenities including parking and maintenance

Apple’s Broader India Strategy

This office expansion is part of Apple’s comprehensive India growth plan:

Retail Presence:

Apple is opening four new retail stores in Bengaluru and Pune, expanding beyond the flagship Mumbai and Delhi locations.

Manufacturing Scale:

With iPhone 17 production reportedly beginning, Apple continues deepening its manufacturing footprint across Tamil Nadu, Karnataka, and other states.

Market Impact and Future Outlook

The ₹1,010 crore lease underscores Apple’s long-term investment in India, reinforcing its operational scale alongside expanding manufacturing activities. This commitment positions India as a critical hub in Apple’s global supply chain and operations network.

The lease includes a ₹31.57 crore security deposit and structured annual escalations, demonstrating Apple’s confidence in India’s long-term economic stability and growth potential.

This strategic investment reinforces India’s emergence as Apple’s second-largest market globally, with significant implications for job creation and technology sector growth in Bengaluru.