Apple India Leases 2.7 Lakh sq ft in Bengaluru – One of the Largest Single-Tenant Deals

[{"selector":"#anim-575bcbbc-0466-457d-819f-06e45002acc1","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c7d18e7b-214c-4397-8c9e-8e1a0a6398ad","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Apple India Leases 2.7 Lakh sq ft in Bengaluru – One of the Largest Single-Tenant Deals

[{"selector":"#anim-36e12b8a-0f2f-4539-9164-898c133895b0","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7ea282c8-10b7-46a6-ae8e-4fb888bd30d9","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Lease Details & Expansion Plan – Lease Duration: 10 years, total outlay of ₹1,010 crore – Location: Embassy Zenith, Sankey Road, Vasanth Nagar, Bengaluru The Times of IndiaBusiness Standard – Floors Occupied: 5th to 13th (carpet area ~196,179 sq ft; gross/chargeable ~268,737 sq ft)

[{"selector":"#anim-89d0a27c-4459-49f7-b579-5a7e68264b40","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-064ee608-41ef-42d6-aed9-24ce71fa7a24","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Financial Terms & Capacity – Monthly Rent: ₹6.315 crore (~₹235 per sq ft) The Times of IndiaBusiness Standard – Annual Escalation: 4.5% – Security Deposit: ₹31.57 crore – Capacity: Can house 1,200+ employees – Includes common area maintenance (CAM) and parking charges

[{"selector":"#anim-15e5afc7-48c3-4713-9620-67b192aa60bd","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4a0dc5a0-c5df-46ad-95b5-8cba23579b68","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Future Expansion & Strategy – Expansion Plan: Considering leasing ground through 4th floors (~121,203 sq ft), which would take the total to nearly 4 lakh sq ft Strategic Insights – Second (and potentially largest) office in Bengaluru – Part of Apple’s broader push for increased presence in India (including retail expansion and local production)