Apple leases 2.7 lakh sq ft in Bengaluru's Embassy Zenith for Rs 6.3 cr a month

Bengaluru: iPhone maker Apple has leased nearly 2.7 lakh sq feet of office space in Embassy Zenith in Bengaluru for 10 years with a total rental outlay of over Rs 1,000 crore, according to Propstack, a data analytics company.

The lease has been signed for 10 years, and it is effective from April 2025. Apple will occupy 5th to 13th floors of Embassy Zenith with a monthly rent of about Rs 6.3 crore (Rs 235 per sq ft)

The company also has the option to lease additional space measuring 1.21 lakh sq ft across the ground to fourth floors, the documents showed.

“Apple’s 10-year commitment for prime office space in Bengaluru highlights its immense confidence in the Indian market. This investment in talent and operations runs parallel to their manufacturing scale-up for iPhones with companies like Foxconn. Together, these moves solidify India’s crucial position at the heart of Apple’s global supply chain and innovation efforts,” said Raja Seetharaman, co-founder Propstack.

Earlier last year, the company opened its new office at Minsk Square, which could house up to 1,200 employees. The new office has dedicated lab space, areas of collaboration and a place for wellness and its interior features locally-sourced materials.

 This 15-floor facility is Apple’s latest addition to the company’s corporate office footprint in Bengaluru, Mumbai, Hyderabad and Gurugram.
 
An Apple spokesperson had said during the new office opening that the company is thrilled to expand in India.

Apple employs nearly 3,000 people in India and has two new retail locations in India- Apple BKC in Mumbai and Apple Saket in Delhi.