Apple sets a new India office property market benchmark with record lease deal

MUMBAI: Mumbai’s office property market set a new record in terms of highest-ever lease rentals anywhere in the country. Apple Inc has picked up an office spread over 6,526 sq ft in the business district Bandra-Kurla Complex (BKC) through a lease at monthly rentals of Rs 738 per sq ft surpassing the earlier benchmark of Rs 700 per sq ft.