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Apple bets big at Bangalore Real Estate: Leases Office Space for 10 years

Posted on: 19-08-2025Courtesy: Outlook Business
By Star Estate
Apple bets big at Bangalore Real Estate: Leases Office Space for 10 yearsApple bets big at Bangalore Real Estate: Leases Office Space for 10 years

Apple India continues with its business expansion plan in India by leasing office space in Bangalore. The iPhone-making company leases approximately 2.7 lakh square feet for 10 years starting from April 2025.

The company leased multiple floors, along with a car parking area, in Embassy Zenith, Bangalore, which is owned by the reputed Embassy Group. Apple India, with a monthly rental of Rs. 6.3 Crore and other maintenance and parking charges is estimated to pay over Rs. 1,000 crore rent in the next 10 years. The US-based global brand is the largest exporter of mobile phones in India, and in FY 2024-25, it had exported approximately mobile phones, valued at approximately Rs. 1.5 lakh core.

The news came as a surprise as US President Donald Trump called out Apple, an iPhone-making company, for expanding its footprint in India.

Bangalore real estate is witnessing a boom despite facing infrastructure challenges with the arrival of the monsoon season. According to the report, Apple India signed a lease agreement with the reputed Embassy group for a tenure of 120 months or 10 years.
Also, the company has leased nine floors starting from the 5th till the 13th floor in Embassy Zenith. Apple India has a massive team operating in Bangalore and Hyderabad.

The starting rent of the best office space in Bangalore by the Embassy group, valued at Rs. 235 per square foot. The American multinational company also made a deposit of Rs. 31.57 crore for the same. The rent will escalate 4.5 percent every year, thereby leading to a total payment of over Rs. 1,000 crore.

Bangalore real estate leaves Mumbai behind in demand for premium Housing

The report by Knight Frank’s Prime Global Cities index (PGCI) for Q1, 2025, Bangalore ranks 4th best cities in India for investment in luxury properties. The tech-city is followed by Mumbai and Delhi at 6th and 15th position respectively.

Liam Bailey, Global Head of Research at Knight Frank said, “Prime markets are taking a collective breath. The recovery we have seen over recent quarters was aided by the expectations of lower borrowing costs, and with that timeline now pushed out, a cooling in price growth is inevitable. We’re seeing a more fragmented market, with some European cities showing surprising strength while former high-flyers in Asia begin to level off.”

(With inputs from Press Trust of India)