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.
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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.
FAQs
How does this compare to Apple’s previous Bengaluru office?
The new office is 2.3 times larger than Apple’s existing 1.16 lakh sq ft facility at Prestige Minsk Square.
What’s the monthly rent breakdown for Apple’s new office?
Apple pays ₹6.31 crore monthly, working out to ₹235 per sq ft with 4.5% annual escalation.
