Bengaluru: Apple India Pvt. Ltd has taken a further 1,21,203 sq ft on lease in a premium workplace tower named Embassy Zenith in Bengaluru for a ten-year interval, after the iPhone maker took up 268,000 sq. ft in the identical property final 12 months.
Apple has leased the house from MAC Charles (India) Ltd.
With this extra lease, Apple’s complete space in Embassy Zenith is now 389,000 sq. ft, with a month-to-month lease of ₹9.16 crore.
The full lease Apple can pay for this house over the 10-year tenure is ₹1,333 crore, as per actual property knowledge analytics platform Propstack.
“Apple’s determination to train its enlargement rights at Embassy Zenith, bringing its complete dedication to ₹1,333 crore over 10 years, is a large vote of confidence in India’s premium workplace market. This scale of funding additional cements Bengaluru’s place as a essential international hub for Apple’s engineering and operational development,” stated Raja Seetharaman, co-founder, Propstack.
Earlier in February, Embassy Workplace Parks REIT had stated it’s evaluating the acquisition of Embassy Zenith from sponsor Embassy Group.
Embassy and Apple spokespersons did not reply to Mint’s queries. MAC Charles couldn’t be instantly reached.
Know-how corporations and versatile workspace operators led workplace leasing exercise in 2025, which hit a report excessive of 82.6 million sq ft (in gross leasing) throughout India’s prime 9 cities, in comparison with 79 million sq ft in 2024, based on property advisory CBRE India.
The provision of Grade-A workplace areas within the Asia Pacific area is anticipated to hit a brand new peak of 61.3 million sq ft in 2026, and India alone is prone to account for 40% of it, based on CBRE’s 2026 Asia Pacific Actual Property Market Outlook.
In response to the report, workplace provide is anticipated to be the best in Bengaluru at 12.1 million sq ft, adopted by Shanghai (10 million sq ft) and Delhi-Nationwide Capital Area (7.1 million sq ft). In Bengaluru, the provision will proceed to be supported by international functionality centres.
“India’s rising dominance within the APAC workplace provide panorama displays the structural depth of the demand drivers within the nation,” stated Anshuman Journal, chairman and chief government officer—India, South-East Asia, Center East & Africa, CBRE. “Even amid international macroeconomic recalibration, occupiers are viewing India as a scalable, talent-rich vacation spot for multi-functional development.”