{"id":827896,"date":"2024-07-01T08:56:02","date_gmt":"2024-07-01T03:26:02","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=827896"},"modified":"2024-07-01T08:56:09","modified_gmt":"2024-07-01T03:26:09","slug":"apple-to-establish-major-presence-in-bengaluru-with-new-office-tower-lease","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/01\/apple-to-establish-major-presence-in-bengaluru-with-new-office-tower-lease\/","title":{"rendered":"Apple to establish major presence in Bengaluru with new office tower lease"},"content":{"rendered":"<p>Apple Inc has made a significant move in Bengaluru&#8217;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&#8217;s Silicon Valley with lease rates exceeding Rs 220 per sq ft per month. <\/p>\n<p>This latest addition underscores Apple&#8217;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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple Inc has made a significant move in Bengaluru&#8217;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&#8217;s Silicon Valley with lease rates exceeding Rs 220 per sq ft per month. This latest addition underscores Apple&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,4,35],"tags":[],"class_list":["post-827896","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-telecom-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/827896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=827896"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/827896\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=827896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=827896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=827896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}