Apple to establish major presence in Bengaluru with new office tower lease

Apple Inc has made a significant move in Bengaluru’s booming office space market by securing an entire tower from Embassy Group, according to a report in The Economic Times (ET). The tech giant, renowned for its iPhones and iPads, has agreed to lease over 400,000 sq ft on Sankey Road, setting a new benchmark in India’s Silicon Valley with lease rates exceeding Rs 220 per sq ft per month.

This latest addition underscores Apple’s expanding footprint across key Indian cities, including Bengaluru, Mumbai, Hyderabad, and Gurugram. Sources familiar with the deal told ET that a letter of intent has been signed, with lease rates set to escalate by 15 per cent every three years.