Apple Leases 2.7 Lakh Sq Ft Office Space in Bengaluru’s Embassy Zenith for ₹1,000 Crore
Apple has taken a significant step in strengthening its India presence by leasing 2.7 lakh square feet of premium office space in Bengaluru’s Embassy Zenith tower. The long-term deal, valued at nearly ₹1,000 crore over 10 years, highlights the tech giant’s growing commitment to India as a global innovation and operations hub.
According to lease details, the space has been taken at an average rent of around ₹235 per sq ft, translating into a monthly rental outgo of ₹6.3 crore. The agreement also includes a 4.5% annual escalation clause, making it one of the most notable commercial real estate deals in recent times.
The office, located in Embassy Group’s Grade-A business park, is expected to house teams working across engineering, product development, and operations. This expansion aligns with Apple’s broader India strategy, which includes boosting local manufacturing, strengthening R&D operations, and supporting the country’s fast-growing iPhone export ecosystem.
Bengaluru has been witnessing strong demand from multinational companies for high-grade office spaces, and Apple’s entry further cements the city’s position as India’s leading tech and innovation hub. Industry experts note that such large-scale leasing by global players not only indicates confidence in India’s talent pool but also boosts commercial real estate activity in the region.
With India becoming a crucial market and a key base for exports, Apple’s decision to lock in a decade-long lease reflects a strategic move to deepen its operational roots in the country.