Overview

• The 120-month lease took effect on April 3, 2025, covering nine floors (5th–13th) with a chargeable area of about 268,737 sq ft.
• Apple will pay a monthly base rent of ₹6.31 crore (approximately ₹235 per sq ft) with a 4.5% annual escalation and has deposited ₹31.57 crore as security.
• The deal includes 362 dedicated parking slots and an option to lease an additional 1.21 lakh sq ft on the ground through fourth floors, potentially expanding its footprint to nearly 4 lakh sq ft.
• Reporting is based on Propstack’s review of registration and lease documents, and both Apple India and Embassy Group declined to comment on the transaction.
• This deal ranks among Bengaluru’s largest single-tenant commitments, establishes a new premium office-rent benchmark, aligns with Foxconn’s start of iPhone 17 production in the city.