Apple has entered into a long-term lease agreement for office space in Bengaluru, securing approximately 2.7 lakh square feet across nine floors in the Embassy Zenith building. The lease spans from the 5th to the 13th floor and will remain valid for 10 years, starting on April 3, 2025. As part of the deal, the company has deposited a security amount of ₹31.57 crore. Reports from data analytics firm Propstack, cited by news agency PTI, highlight that Apple has agreed to pay an initial monthly rent of ₹6.3 crore for the property. The agreement also includes dedicated car parking facilities, leased from the real estate developer Embassy Group.
The financial details of the agreement suggest that Apple’s commitment is substantial. According to Propstack’s review of the registered lease documents, Apple’s expenditure over the entire 120-month period will exceed ₹1,000 crore. This amount covers not only the monthly rent but also parking fees and maintenance charges. The rent has been calculated at ₹235 per square foot each month, with a clause ensuring an annual escalation of 4.5%. This yearly increase is projected to push Apple’s overall financial outgo to more than ₹1,000 crore by the end of the lease term, underlining the scale of the company’s investment in India’s technology capital.
Apple’s decision to expand office space in Bengaluru is a continuation of its growing presence in the Indian market. The company already has engineering and development teams based in Bengaluru and Hyderabad, and the newly leased space is expected to further strengthen its operations in the region. This expansion also comes at a time when Apple is the largest exporter of mobile phones from India, with iPhone exports valued at nearly ₹1.5 lakh crore in the financial year 2024–25. The move reflects Apple’s increasing reliance on India not only as a manufacturing hub but also as a key player in its global business strategy.
However, the expansion has drawn political attention. Former U.S. President Donald Trump, during a business event in Doha, expressed his displeasure with Apple’s plans to expand in India. Addressing Apple CEO Tim Cook, Trump stated that despite his favorable treatment of the company in the U.S., he did not want Apple to continue investing in India. He criticized India for being one of the highest-tariff nations and argued that selling products in the Indian market was not an easy task. Trump emphasized that Apple should focus its resources in the U.S. rather than increasing its presence abroad, remarking, “We are not interested in you building in India. India can take care of itself.”
Despite these political remarks, Apple’s expansion in Bengaluru underscores its confidence in India’s role as a global technology and manufacturing hub. With its teams already spread across major Indian cities and exports reaching record levels, the new lease agreement in Embassy Zenith marks another significant step in Apple’s long-term strategy for strengthening its foothold in the country.
