Apple Leases 2.7 Lakh Sq. Ft. Office Space in Bengaluru
Apple India has signed a long-term lease for about 2.7 lakh sq. ft. of office space in Bengaluru, with an initial monthly rent of Rs. 6.3 crore, according to real estate data firm Propstack. The space spans multiple floors in Embassy Zenith (Embassy Group) and includes parking facilities.
Lease Snapshot
| Total Area | ≈ 2.7 lakh sq. ft. |
| Location | Embassy Zenith, Bengaluru |
| Floors | 5th to 13th (nine floors) + parking |
| Lease Tenure | 120 months |
| Starting Rent | Rs. 235 per sq. ft. per month |
| Monthly Outgo (Start) | ≈ Rs. 6.3 crore |
| Annual Escalation | 4.5% |
| Security Deposit | Rs. 31.57 crore |
| Total Payout (Est.)* | Over Rs. 1,000 crore (rent + parking + maintenance) |
*Estimate based on Propstack’s review of registration documents.
What This Means
- Signals Apple’s continued expansion of engineering operations in India.
- Large multi-floor footprint suggests room for team growth and new projects.
- Long tenure and annual escalation indicate a stable, long-term commitment.
Propstack noted that Apple has leased the space from Embassy Group and spread its presence across nine consecutive floors, providing flexibility for different engineering teams. Apple did not comment on the transaction. Industry observers say the large footprint underscores India’s rising importance in Apple’s operations and talent strategy.
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