Apple Bengaluru office expansion has taken a major step forward with the US tech giant signing a 10-year lease for 2.7 lakh sq ft of premium office space at Embassy Zenith on Sankey Road, Vasanth Nagar.
Apple has taken the 5th to 13th floors of the property at a monthly rent of ₹6.31 crore, with the agreement commencing on April 3, 2025, and registered in July. The facility, expected to accommodate over 1,200 employees, has a carpet area of 1.96 lakh sq ft and a chargeable area of 2.69 lakh sq ft. The company has paid a ₹31.57-crore security deposit, ₹1.5 crore in stamp duty, and agreed to a 4.5% annual rent escalation. The property is owned by Mac Charles (India) Ltd, part of the Embassy Group.
This is Apple’s second major office in Bengaluru. In 2021, it leased 1.16 lakh sq ft at Prestige Minsk Square on Cubbon Road for ₹2.43 crore per month, with operations beginning in 2023. The company is also eyeing further expansion within Embassy Zenith.
Apple’s retail footprint is expanding as well. It has leased 8,000 sq ft at Phoenix Mall of Asia in north Bengaluru for its third India store, at an annual rent of ₹2.09 crore. The 10-year lease, signed in November 2024, will take effect from August 2025. Additional space has been secured at Oberoi Sky City Mall in Borivali, Mumbai (12,600 sq ft) and in Batrayanpura, Bengaluru (8,000 sq ft).
The expansion underscores Apple’s growing commitment to India, now a key manufacturing hub for the iPhone. On its Q3 FY25 earnings call, CEO Tim Cook expressed excitement over upcoming store launches and highlighted that most iPhones sold in the US are now made in India. Meanwhile, Foxconn, Apple’s key partner, has started producing the iPhone 17 at its new Devanahalli facility near Bengaluru.
Mutual fund investments are subject to market risks, read all scheme related documents carefully. Past performance does not guarantee future returns.
Related Insights & Market Perspectives
What Happens to Your Investments After You Die? 7 Key Steps Every Delhi NCR Family Should Know
What happens to your investments after you die is a question many people avoid. We spend years deciding where to invest but very little time planning what happens to that money when we're gone. You may have mutual funds across several folios, shares in a demat account, fixed deposits with different banks, insurance policies, bonds,.
Indian Hotels profit up by 232% for Q2, reaching ₹554 crore, with revenue rising by 27%.
Indian Hotels profit jumped 232% year-on-year to ₹554.6 crore in the quarter ended September 2024, compared with ₹167 crore in the same quarter of the previous fiscal year. The strong increase in quarterly profit was accompanied by a 27.4% rise in operating revenue, highlighting continued growth in the company’s hospitality business. Indian Hotels Profit Rises.
Rupee Drops as Trump Threatens Higher Tariffs on India Over Russian Oil Trade
Indian rupee falls 20 paise against the U.S. dollar on August 5 as renewed trade tensions between India and the United States triggered investor concerns. The rupee opened at ₹87.85 against the dollar, compared with the previous close of ₹87.65, as markets reacted to former U.S. President Donald Trump's threat of higher tariffs on Indian imports.