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.
Related News Articles
Mumbai's Sky-High Ambitions: Exploring the City's Love for Skyscrapers
As Mumbai continues to grow
Mumbai Records Third-Highest Surge in Luxury Housing Prices Globally
Mumbai's prime residential prices surge 11.5% year-on-year, ranking third globally, as India's economic growth drives demand in luxury housing market.
Affordable Housing Supply Dries Up as Builders Focus on Premium Projects
The latest data from JLL India reveals a 21% decline in affordable housing supply below Rs 50 lakh, while premium projects saw a significant surge in demand.
Priyanka Chopra's Real Estate Empire: A Peek into Her Investments
Priyanka Chopra Jonas is a keen investor in the real estate space, owning multiple properties in India and the US. Here's a look at her recent transactions.
Uber and Heads Up for Tails Expand Pet-Friendly Rides in Delhi and Mumbai
Uber has partnered with Heads Up for Tails to offer pet-friendly rides in Delhi and Mumbai, making travel more convenient and comfortable for pet owners.
Blackstone and Sattva-backed REIT Files Draft Papers for ₹7000 Cr IPO
A real estate investment trust (REIT) backed by asset manager Blackstone Group and Bengaluru developer Sattva Group has filed its draft papers with the Securities and Exchange Board of India (SEBI) for a ₹7000 crore initial public offering (IPO).