NEW DELHI, 18 AUG

iPhone maker Apple India has leased around 2.7 lakh square feet of office space in Bengaluru for 10 years with a starting monthly rent of Rs 6.3 crore, according to data analytics firm Propstack.

Apple is the biggest exporter of mobile phones from India. It exported iPhones worth about Rs 1.5 lakh crore in the financial year 2024-25.

The company has taken multiple floors, including a car parking space, on lease from the real estate firm Embassy Group.

The iPhone maker is estimated to pay more than Rs 1,000 crore in rent, car park and maintenance charges over a period of 10 years, as per Propstack, which has reviewed the registration document of this leasing transaction.

Apple declined to comment on an email query.

The lease has been signed for a period of 120 months or 10 years, with effect from April 3, 2025.

The fresh investment from Apple comes despite US President Donald Trump openly calling out the company for expanding operations in India.

The starting rent of the premises is Rs 235 per square foot per month, and a deposit of Rs 31.57 crore. The rent will escalate by 4.5 per cent every year, thereby leading to a total payment of over Rs 1,000 crore.

According to the documents, the company has leased nine floors starting from the 5th till the 13th floor in Embassy Zenith.

Apple has several engineering teams spread across Bengaluru and Hyderabad.