Apple India has expanded its footprint in Mumbai by securing a significant office lease of 37,500 square feet at Maker Maxity, located in the prominent Bandra Kurla Complex (BKC). This strategic move underlines Apple’s commitment to scaling its operations in one of India’s leading commercial hubs.
Expansion in a Prime Location
Apple’s new lease covers approximately 37,500 square feet spread across five floors in Maker Maxity, a premium Grade A office building situated in Mumbai’s BKC.
- Maker Maxity is recognised for its superior infrastructure and connectivity.
- BKC is Mumbai’s financial nucleus and a preferred destination for multinational corporations.
- This expansion aligns with Apple’s strategy to strengthen its presence in key Indian metros.
Lease Terms Reflect Market Confidence
The lease agreement details include:
- A duration of 55 months.
- A substantial monthly rent that reflects premium rental rates in Mumbai’s commercial real estate market.
- A security deposit aligned with market standards.
- Increased office capacity to support Apple’s growing operations in the region.
Context within India’s Growing Market
This lease forms part of Apple’s wider growth strategy and is consistent with similar expansions seen in other metros like Bengaluru.
- It highlights the rising demand for premium office spaces driven by global tech firms.
- This trend is pushing up rental yields and occupancy rates in Mumbai’s prime commercial districts.
The Flexinsights Take
Apple’s significant lease at Maker Maxity is a testament to Mumbai’s standing as a leading commercial real estate market in India. The company’s expansion consolidates its operational capabilities in the region while reinforcing BKC’s appeal as a premium business locale. Such high-profile leases signal positive momentum for developers and landlords, highlighting sustained interest from global corporates in Mumbai’s office sector. This development reinforces expectations of continued growth in both rental values and demand for Grade A office spaces in the city.
