Bengaluru, August 2025 – In one of India’s boldest real estate moves in recent memory, Apple India Pvt Ltd has signed a 10-year lease covering multiple floors at the prestigious Embassy Zenith building in Bengaluru. Valued at a staggering ₹1,010 crore—including rent, maintenance, and parking—this deal marks a significant chapter in the company’s India expansion story MoneycontrolHindustan TimesThe Times of India.
Lease Snapshot and Timing
Spanning approximately 2.7 lakh square feet across the 5th to 13th floors, Apple will pay a monthly rent of about ₹6.31 crore, translating to ₹235 per square foot. The company has also deposited ₹31.57 crore as security and will face a 4.5% annual rent escalation through the lease term. The lease kicked off on April 3, 2025, and was officially registered in July Moneycontrol.
A Landmark Deal
This arrangement is believed to be one of the largest single-tenant office leases in Bengaluru. Comprising around 1.96 lakh square feet of carpet area and about 2.68 lakh square feet of chargeable area, it sets a new benchmark in India’s commercial property scene The Times of IndiaHindustan Times+1.
Strategic Expansion Intent
Industry watchers see this as more than just securing office space—it reflects Apple’s long-term ambitions in India. Bengaluru is fast becoming Apple’s engineering and innovation stronghold, with teams working across hardware design, software development, testing, services, operations, and more.
Several sources report that Apple may further expand into the ground through fourth-floor spaces, adding roughly 1.2 lakh square feet and potentially bringing its total footprint in the building close to 4 lakh square feet The Times of IndiaHindustan Times.
Context: Why Bengaluru?
Often dubbed the “Silicon Valley of India,” Bengaluru has long been a magnet for tech giants and startups. It hosts major IT and R&D hubs, nurtures innovation, and offers a robust talent pool. Apple’s decision to anchor its operations in this city underscores its strategic value beyond retail—here, India’s tech talent intersects with global ambition Wikipedia.
What This Means for Apple and India
- Scale and Confidence: A ₹1,010 crore, decade-long lease signals strong confidence in both the Indian market and Bengaluru’s ecosystem.
- Operational Amplification: This expansion supports Apple’s growing engineering operations, enabling collaboration and scaling in a premier location.
- Real Estate Momentum: Deals like these suggest rising demand in Bengaluru’s commercial property space, driven by global firms anchoring in India.
- Broader India Strategy: The move complements Apple’s other India initiatives—ramping up local manufacturing, expanding retail presence, and deepening supply chain integration The Economic TimesAppleosophy.
A Quick Wrap-Up
Apple India has inked a 10-year lease for 2.7 lakh sq ft at Embassy Zenith in Bengaluru, shelling out around ₹1,010 crore. This is more than just real estate—it’s a power move with operational, strategic, and economic ramifications.
With this lease, Apple signals it’s here to stay—and it’s placing Bengaluru, and India, firmly at the center of its evolving global playbook.
