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In a move that underscores its growing footprint in India, Apple India has signed a premium lease deal worth Rs 22.76 crore to expand its office space in Mumbai’s Bandra Kurla Complex (BKC). The tech giant has taken up five floors in the prestigious Godrej BKC building, signaling its commitment to deepening operations in one of Asia’s fastest-growing digital markets.
The transaction, finalized in September 2025, marks a significant milestone in Apple’s India strategy, following the launch of its flagship retail stores in Mumbai and Delhi earlier this year. The leased space spans nearly 16,000 square feet and is expected to house key business functions including sales, marketing, and enterprise operations.
Key Highlights from the Expansion Deal
Apple India has leased five floors in the Godrej BKC building, covering approximately 15,934 square feet.
The lease tenure is set for five years, with a monthly rent of Rs 37.93 lakh.
The deal includes a security deposit of Rs 2.27 crore and a lock-in period of 36 months.
The property is owned by Godrej & Boyce Manufacturing Company Ltd and is located in one of Mumbai’s most sought-after commercial zones.
Strategic Importance of BKC Location
Premium Business District
Bandra Kurla Complex is home to top multinational corporations, financial institutions, and luxury retail brands.
Its proximity to the airport and central business hubs makes it ideal for global firms seeking operational efficiency and brand visibility.
Apple’s presence in BKC places it alongside peers like Google, Amazon, and Meta, reinforcing its stature in India’s tech ecosystem.
Infrastructure and Amenities
Godrej BKC offers Grade A office infrastructure, including high-speed elevators, energy-efficient systems, and advanced security.
The building is LEED Platinum certified, aligning with Apple’s sustainability goals.
The location also provides access to upscale dining, hospitality, and transport facilities.
Apple’s Broader India Strategy
The expansion follows Apple’s aggressive push into the Indian market, which includes retail, manufacturing, and enterprise services.
Apple BKC, the company’s first official store in India, opened in April 2025 and has seen strong footfall and sales.
India is now among Apple’s top five global markets for iPhone sales, driven by rising middle-class demand and local production.
The company is also working with suppliers like Foxconn and Tata Electronics to scale up manufacturing in Tamil Nadu and Karnataka.
Lease Deal Specifics and Financials
The lease agreement was registered on September 18, 2025, with stamp duty and registration charges paid upfront.
Apple will occupy units 801 to 805 on the eighth floor of the building.
The monthly rent translates to approximately Rs 238 per square foot, reflecting the premium nature of the property.
The deal was facilitated by property consultants specializing in tech-sector real estate.
Market Impact and Industry Reactions
Real estate analysts view the deal as a bullish signal for Mumbai’s commercial property market, especially in BKC.
Apple’s expansion is expected to attract ancillary businesses and boost demand for high-end office space.
The move also reflects growing investor confidence in India’s digital economy and its role in global tech supply chains.
Conclusion
Apple India’s Rs 22.76 crore lease in Mumbai’s BKC is more than a real estate transaction—it’s a strategic investment in India’s future. As the company deepens its roots in the country, the new office space will serve as a hub for innovation, collaboration, and growth. With India emerging as a key market for global tech giants, Apple’s expansion signals a new chapter in its journey toward becoming an integral part of the nation’s digital transformation.
Sources: Moneycontrol, The Economic Times, Hindustan Times, RealtyNXT
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