Apple has leased around 2.7 lakh sq. ft. in Embassy Zenith, Bengaluru, for 10 years, starting at a monthly rent of Rs 6.3 crore. The deal covers nine floors and parking, taking total payouts above Rs 1,000 crore and strengthening India’s role as a key export, engineering and innovation hub.
Apple’s latest real estate move in India underscores how seriously it is betting on the country as both a production and an innovation base. The iPhone maker has leased around 2.7 lakh sq. ft. of office space at Embassy Zenith in Bengaluru for 10 years, with a starting monthly rent of Rs 6.3 crore, according to data analytics firm Propstack.
A landmark lease in Bengaluru’s office market
The deal covers multiple floors and car parking in a Grade-A office project developed by Embassy Group, one of India’s most prominent commercial landlords. The lease runs for 120 months from April 3, 2025, locking Apple into a long-term presence in India’s leading tech hub. Propstack estimates that Apple will pay “more than Rs 1,000 crore in rent, car park and maintenance charge” over the duration of the agreement.
The starting rent has been pegged at Rs 235 per sq. ft. per month, backed by a security deposit of Rs 31.57 crore. The contract also includes an annual rental escalation of 4.5%, which will steadily push up Apple’s total outgo over the decade. The company has reportedly taken nine contiguous floors, from the 5th to the 13th, giving it a sizeable, vertically integrated campus-style footprint.
Deepening India as an export and engineering hub
Apple is already the biggest exporter of mobile phones from India, having shipped iPhones worth about Rs 1.5 lakh crore in FY 2024–25. The new Bengaluru lease gives the company additional room to scale engineering, operations, and support teams that power this manufacturing and export engine. Apple already has several teams spread across Bengaluru and Hyderabad; the new block strengthens this multi-city footprint.
While the company declined to comment on the transaction, the commitment signals confidence in India’s talent pool and operating environment. It comes “despite… openly calling out the company for expanding operations in India” in past years by former U.S. President Donald Trump, underlining how Apple’s long-term calculus now tilts in favour of India’s role in its global value chain.
What this means for India’s flex and office ecosystem
For the wider office market, the transaction underscores continued demand for high-quality, institutionally owned assets in Bengaluru. Large-format, multi-floor leases from global occupiers validate the city’s position as a core hub for big tech, product development and export-led operations. They also support rentals in key micro-markets where the supply of premium space remains tight.
Apple’s 10-year commitment is likely to be read as a positive signal by other global and domestic occupiers evaluating expansion in India. As more corporations lock into long-term leases, it creates spillover demand for managed offices, flex campuses and satellite centres that serve partners, vendors and project-based teams.
A long-term bet, not a tactical move
Taken together, the lease structure, tenure and investment quantum make it clear that this is not a tactical space grab. Instead, Apple is building a serious India backbone—one that combines manufacturing scale with deep engineering and on-the-ground operational capacity. For Bengaluru’s commercial real-estate ecosystem, this is another marquee occupier doubling down on the city for the decade ahead.
