Apple Leases Retail Space in Mumbai’s Sky City Mall: Jeetendra Kapoor Sells Andheri Land for Rs 855 Crore
Apple India has leased a premium retail space in Mumbai’s Sky City Mall, while Bollywood actor Jeetendra Kapoor’s firms have sold a prime land parcel in Andheri for Rs 855 crore. This marks significant moves in the real estate sector in Mumbai.
Apple IndiaReal EstateSky City MallJeetendra KapoorAndheri Land DealReal Estate MumbaiJun 05, 2025
The space is situated off the Western Express Highway in Borivali East, within the upscale Sky City Mall. The unit includes five car parkings, and the starting monthly rent is pegged at Rs 138 per sq. ft., translating to a minimum payable monthly rent of Rs 17,35,104.
Abhishek Kiran Gupta, CEO & Co-founder of CRE Matrix, commented, “From flagship stores in BKC and Saket to now leasing at Rs 138 per sq. ft. in Borivali’s Sky City Mall, Apple’s retail strategy in India is clearly evolving. This Rs 17 lakh-a-month lease with a Rs 1 crore-plus deposit shows that the brand sees value not just in prestige locations, but in high-potential suburban hubs. As real estate data analysts, we view this as a turning point—global brands are starting to chase footfalls and formats over just pin codes.”
In another significant property transaction, Bollywood actor Jeetendra Kapoor and his family’s firms have closed a major land deal in Andheri worth Rs 855 crore, as per property registration records reviewed by Square Yards. Two firms owned by veteran actor Jeetendra and his family, Pantheon Buildcon Pvt. Ltd. and Tusshar Infra Developers Pvt. Ltd., have sold a prime land parcel in Andheri to NTT Global Data Centers & Cloud Infrastructure India Pvt. Ltd. for a staggering Rs 855 crore. The land area is nearly 2.39 acres with a built-up area of 4,90,534 sq. ft. The stamp duty of Rs 8.69 crore was paid.
These transactions highlight the dynamic nature of the real estate market in Mumbai, with both international brands and local developers making strategic moves to capitalize on high-potential locations and emerging trends.
Frequently Asked Questions
What is the size of the retail space Apple has leased in Sky City Mall?
Apple has leased a 12,616 sq. ft. carpet area unit in Sky City Mall, Borivali.
What is the monthly rent for the space leased by Apple in Sky City Mall?
The starting monthly rent for the space leased by Apple in Sky City Mall is Rs 17,35,104.
Which companies are involved in the land deal in Andheri?
The land deal in Andheri involves Pantheon Buildcon Pvt. Ltd. and Tusshar Infra Developers Pvt. Ltd., owned by Jeetendra Kapoor and his family, selling to NTT Global Data Centers & Cloud Infrastructure India Pvt. Ltd.
What is the value of the land deal in Andheri?
The land deal in Andheri is worth Rs 855 crore.
What is the significance of Apple leasing space in Borivali?
The significance of Apple leasing space in Borivali is that it marks a shift in the brand's retail strategy, focusing on high-potential suburban hubs rather than just prestige locations.
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