Apple Expands Office Lease at Bandra Kurla Complex, Strengthening Mumbai Presence
Apple India has renewed and expanded its office lease at the Bandra Kurla Complex in Mumbai, adding a unit on the 10th floor and a terrace, signaling a continued commitment to the Indian market.
AppleBandra Kurla ComplexOffice LeaseExpansionMumbaiReal Estate NewsSep 19, 2025
While Apple India had leased the units on the fifth, sixth, seventh, and eighth floors of the building since 2021, it has now expanded to lease an additional unit on the 10th floor of the building, as well as a terrace. The new lease component is valid from January 1, 2025, while the lease renewals come into force from June 2026.
Starting June 2026, Apple India is expected to pay the landlords, Agni Commex LLP, a rent of Rs 2.55 crore per month, translating to a per square foot rate of Rs 660 per month. According to property brokers, this rate is higher than the average rentals in the area, which range between Rs 500-550 per square foot.
The rentals are expected to escalate by 4 percent every year through its 55-month tenure, according to the lease documents. Moneycontrol has reached out to Apple India for comment on the matter, and the story will be updated once a response is received.
Despite concerns regarding global trade wars, especially the US' 50 percent tariffs on Indian exports, Apple has continued to scale up in India, both in manufacturing through its partners and in research and development functions and company-owned store additions.
In Hyderabad, Apple India expanded its development center for Apple Maps earlier this month, leasing additional space of around 64,000 square feet, while it has also expanded its office presence in Bengaluru. As for company-owned stores, Apple has expanded beyond Mumbai and Delhi, and has now opened stores in Pune and Bengaluru as well. Another Mumbai store, at Oberoi Realty's new mall in Borivali (East), is expected to open soon.
Apple's key contract manufacturing partner Foxconn has commenced production of AirPods at its Hyderabad facility, meant for exports. This expansion underscores Apple's commitment to India as a strategic market and a hub for both manufacturing and innovation.
Frequently Asked Questions
Why did Apple renew its lease at the Bandra Kurla Complex?
Apple renewed its lease at the Bandra Kurla Complex to continue and expand its operations in Mumbai, reflecting its commitment to the Indian market.
What additional space has Apple leased at the Bandra Kurla Complex?
Apple has leased an additional unit on the 10th floor of the building and a terrace at the Bandra Kurla Complex.
What is the expected monthly rent for Apple's new lease at the Bandra Kurla Complex?
Starting June 2026, Apple is expected to pay a monthly rent of Rs 2.55 crore to the landlords, Agni Commex LLP.
How is Apple expanding its presence in other Indian cities?
Apple has expanded its development center for Apple Maps in Hyderabad and its office presence in Bengaluru. It has also opened new stores in Pune and Bengaluru, with another store planned in Mumbai.
What is the significance of Foxconn's AirPod production in Hyderabad?
Foxconn's commencement of AirPod production at its Hyderabad facility highlights Apple's commitment to manufacturing in India and its role as a strategic hub for both production and innovation.
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