Apple Expands Office Lease in Mumbai’s Bandra Kurla Complex

Apple India has renewed its lease at Maker Maxity in Mumbai’s Bandra Kurla Complex (BKC), according to documents accessed by Propstack. The company has been occupying the 5th, 6th, 7th, and 8th floors since 2021. It has now signed an agreement for the 10th floor and terrace. The new lease is valid from January 1, 2025, while the renewals are valid from June 2026.

Rental Terms

From June 2026, Apple will pay a rent of ₹2.55 crore per month to landlord Agni Commex LLP. This is calculated at ₹660 per sq ft per month, higher than the average BKC rentals of ₹500-550 per sq ft. The agreement covers a period of 55 months with a 4% annual escalation. A ₹22.76 crore security deposit has also been placed.

Office Space Details

With the new lease, Apple’s total chargeable area at Maker Maxity comes to 37,549 sq ft. The documents show that the company has retained its existing office floors while adding more space. The expansion includes access to the terrace along with the full 10th floor.

Other City Expansions

In Bengaluru, Apple has taken up 2.7 lakh sq ft at Embassy Group’s Embassy Zenith project. The lease is for 10 years with a rental outlay of over ₹1,000 crore, at about ₹235 per sq ft per month. In Hyderabad, the company leased 64,125 sq ft at ₹80.15 lakh per month to expand its Apple Maps development centre.

Retail and Manufacturing

Apple has added new retail stores in Pune and Bengaluru, apart from its outlets in Mumbai and Delhi. Another store is expected at Borivali in Mumbai. In manufacturing, Foxconn has begun producing AirPods at its Hyderabad facility for export.

Read more: Apple To Open Its Fourth Retail Store In Pune!

Conclusion

Apple has increased its leased office space in Mumbai while also expanding in Bengaluru and Hyderabad. Along with its growing retail network and manufacturing tie-ups, the company continues to add to its presence in India.

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