Apple Secures Rs 1000 Crore Office Space in Bengaluru, Preparing for iPhone 17 Launch
Apple India has finalized a major office lease agreement in Bengaluru, securing nearly 2.7 lakh sq ft of space at the Embassy Zenith project. This deal, valued at over Rs 1,000 crore, sets a new benchmark in the city's commercial real estate market and highlights Apple's commitment to making India a key hub for iPhone manufacturing.
AppleIphone 17BengaluruCommercial Real EstateManufacturingReal Estate NewsAug 18, 2025
Lease records sourced from Propstack reveal that Apple India will be taking up space from the 5th to the 13th floors of Embassy Zenith, spanning a carpet area of 196,179 sq ft, which extends to 268,737 sq ft when including the chargeable area. For this, the iPhone maker will pay a monthly rent of Rs 6.31 crore, which works out to Rs 235 per sq ft. As part of the agreement, Apple will also have access to 362 parking slots. The company has placed a security deposit of Rs 31.57 crore, with the lease contract stipulating an annual rent increase of 4.5%.
The lease papers further reveal Apple’s plans to scale up within Embassy Zenith by taking over the ground through fourth floors, adding another 1.21 lakh sq ft of space. Once completed, this expansion would push Apple’s total office area in Bengaluru close to 4 lakh sq ft, reinforcing its position in India’s corporate real estate landscape.
Foxconn, the Taiwanese electronics major and one of Apple’s biggest suppliers, has kicked off production of the upcoming iPhone 17 at its newly built plant in Bengaluru. This milestone positions the site as Foxconn’s second-largest iPhone manufacturing hub outside of China, developed with an investment of nearly $2.8 billion (approximately Rs 25,000 crore). This move underscores Apple’s strategic focus on diversifying its manufacturing footprint and strengthening its presence in India.
Frequently Asked Questions
What is the value of Apple's lease agreement in Bengaluru?
The lease agreement is valued at over Rs 1,000 crore.
How much space has Apple secured at Embassy Zenith?
Apple has secured nearly 2.7 lakh sq ft of space, spanning from the 5th to the 13th floors.
What is the monthly rent for the leased space?
The monthly rent is Rs 6.31 crore, which works out to Rs 235 per sq ft.
What are Apple's future plans for expansion at Embassy Zenith?
Apple plans to take over the ground through fourth floors, adding another 1.21 lakh sq ft of space, bringing the total to close to 4 lakh sq ft.
Where is Foxconn producing the iPhone 17 in India?
Foxconn is producing the iPhone 17 at its newly built plant in Bengaluru.
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