US tech giant Apple has signed a 10-year lease for 2.7 lakh sq ft of premium office space at Embassy Zenith on Sankey Road, Vasanth Nagar, Bengaluru, in one of the city’s largest single-tenant real estate deals. The total rental outlay exceeds ₹1,000 crore, according to Propstack lease documents.
Apple has taken the 5th to 13th floors of the property at a monthly rent of ₹6.31 crore, with the agreement commencing on April 3, 2025, and registered in July. The facility, expected to accommodate over 1,200 employees, has a carpet area of 1.96 lakh sq ft and a chargeable area of 2.69 lakh sq ft. The company has paid a ₹31.57-crore security deposit, ₹1.5 crore in stamp duty, and agreed to a 4.5% annual rent escalation. The property is owned by Mac Charles (India) Ltd, part of the Embassy Group.
This is Apple’s second major office in Bengaluru. In 2021, it leased 1.16 lakh sq ft at Prestige Minsk Square on Cubbon Road for ₹2.43 crore per month, with operations beginning in 2023. The company is also eyeing further expansion within Embassy Zenith.
Apple’s retail footprint is expanding as well. It has leased 8,000 sq ft at Phoenix Mall of Asia in north Bengaluru for its third India store, at an annual rent of ₹2.09 crore. The 10-year lease, signed in November 2024, will take effect from August 2025. Additional space has been secured at Oberoi Sky City Mall in Borivali, Mumbai (12,600 sq ft) and in Batrayanpura, Bengaluru (8,000 sq ft).
The expansion underscores Apple’s growing commitment to India, now a key manufacturing hub for the iPhone. On its Q3 FY25 earnings call, CEO Tim Cook expressed excitement over upcoming store launches and highlighted that most iPhones sold in the US are now made in India. Meanwhile, Foxconn, Apple’s key partner, has started producing the iPhone 17 at its new Devanahalli facility near Bengaluru.
