Overview

• Apple India has secured nine floors (5th–13th) at Embassy Zenith under a 10-year lease covering about 2.7 lakh sq ft of chargeable area.
• The total commitment stands at ₹1,010 crore over a decade, with monthly rent of ₹6.31 crore (₹235 per sq ft), a ₹31.57 crore security deposit and 4.5% annual escalation.
• The agreement includes 362 dedicated parking spaces and an option to lease an additional 1.21 lakh sq ft across the ground to fourth floors.
• Foxconn’s Bengaluru facility has begun small‐scale production of the iPhone 17, aligning local manufacturing capacity with Apple’s expanded corporate footprint.
• Market observers say the deal establishes a new benchmark for office rents in Bengaluru’s rapidly evolving tech district.