Ahead of iPhone 17 launch, Apple may open 4th India store in Mumbai’s Borivali: Details inside

Ahead of iPhone 17 launch, Apple India has secured a 12,616-square-foot space in Borivali (East) for what will be its second retail store in Mumbai. The upcoming Apple store will cover 12,616 square feet on the ground floor of Sky City Mall. The lease agreement spans nearly 11 years, with an initial monthly rent of ₹17.35 lakh. Rent is set to rise by 15% every three years, and Apple has already paid a security deposit exceeding Rs 1 crore, according to real estate data analytics firm CRE Matrix.