Overview

• Registration documents reviewed by Propstack show Apple will occupy the 5th through 13th floors of Embassy Zenith on Sankey Road, Vasanth Nagar, under a 120‑month term effective April 3, 2025.
• The deal starts at ₹6.31 crore a month (about ₹235 per sq ft) with a 4.5% annual escalation, includes a ₹31.57 crore security deposit and 362 parking slots, and totals roughly ₹1,010 crore with maintenance and parking; the lease was registered in July with ₹1.5 crore in stamp duty.
• Apple holds an option to add about 1.21 lakh sq ft across the ground to fourth floors, which would take its footprint near 4 lakh sq ft; industry reports say the site could seat more than 1,200 employees and rank among Bengaluru’s largest single‑tenant leases.
• PTI has reported, citing sources, that Foxconn recently began small‑scale iPhone 17 production at its new Bengaluru plant, complementing existing output in Chennai.
• Trade reporting cited by outlets notes Apple exported roughly ₹1.5 lakh crore of iPhones from India in FY 2024–25, and the company is also preparing a third Bengaluru retail store at Phoenix Mall of Asia on a 10‑year lease.