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.
