Apple India has renewed and expanded its office lease in Mumbai's prestigious BKC, adding new floors to its existing tenancy with a substantial INR 22.76 crore security deposit, signaling strong confidence in India's commercial real estate market.

Apple launched its first South Indian retail store in Bengaluru's Phoenix Mall with a ₹2.09 crore annual lease, marking a significant expansion in India's tech and commercial real estate landscape.

Apple Inc.'s newest location in Bengaluru, India's innovation hub, has greatly increased its footprint in the nation. This shows the U.S. company's increasing commitment to India, the second-largest smartphone market, and its diversification outside China.

Apple India renewed its 52,000-square-foot contract with The Executive Centre, a flexible office operator. In July 2022, Propstack extended the leasing arrangement for 36 months with a 16-month lock-in.