Brief by Shorts91 Newsdesk / 03:22pm on 18 Aug 2025,Monday Tech Today
Apple has signed a 10-year lease for 2.7 lakh sq ft of office space in Bengaluru. The company will pay more than ₹1,000 crore in rent, parking, and maintenance charges over the period. The lease, effective from April 3, 2025, covers nine floors in Embassy Zenith. Apple will pay a starting monthly rent of ₹6.3 crore, with a 4.5% yearly increase. The deposit is ₹31.57 crore. Apple is India’s largest mobile phone exporter, shipping iPhones worth ₹1.5 lakh crore in 2024-25. Despite criticism from US President Donald Trump, Apple continues to expand its presence in India. (PC: Business Today)
