Apple’s New Bengaluru Office to Seat Over 1,200 Employees, Larget in India Yet: Report

In what’s being seen as a major Vote of confidence in Bengaluru’s Premium Commercial Real Estate, Apple India has locked in a Massive 2.7 Lakh Sq Ft Office Spaice in the Heart of the Caitian.

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The upcoming office, houseed in embassy zenith on sankey road, vasanth Nagar, will definitely become apple’s largest workplace in India, with space to Seat Over 1,200 Emplooyes. The long-term lease, stretching over 10 years, come with a staggering 1,010 Crore Commitment, Making It One of the Larget Single-Teenant Commercial Lease Deals in Bengaluru’s Recent Memory, The Business Standard Reported.

According to Documents Accessed Via Propstack, Apple India Will Occupy The 5th to 13th Floors of the High-Rise, Covering a Carpet Area of 1.96 Lakh Sq Ft, with a Total Chargeable Area Neering 2.7 Lakh SQ Ft. The lease kicks off with a monthly Rental of 6.3 Crore, Pegued at 235 per square foot and includes a Built -in 4.5 per cent Annual Escalation clause – ENSURING RENT BUMPS Over the Decade.

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In addition, the tech giant has shelled out a hefty 31.57 Crore as a Security Deposit, Apart from Recurring Payments for Common Area Maintenance and Parking.

Some Sources Told The Publication that the company is already eye speech with the same building, with plans to potentially an added 1.2 lakh sq ft spanning the grinds Move that count take its total footprint at embassy zenith close to 4 lakh sq ft.

The building is owned by mac charles (India) Ltd, an entity tied to embassy group, one of Bengaluru’s most prominent commercial real estate developers.

This marks apple’s second Major Office Space in the City. In 2021, the company had leased 1.16 Lakh Sq Ft in Prestige Minsk Square on Cubbon Road, where it began operations in 2023.