Apple Expands Mumbai BKC Office Amid iPhone 17 Launch

25 Sep 2025 CW Team

Apple has expanded its office footprint in Mumbai’s Bandra Kurla Complex (BKC), renewing a 31,023 sq ft space at a monthly rent of Rs 20.4 million, according to data from Propstack. Previously, the company leased 6,526 sq ft at Rs 5 million per month. The smaller space was priced at Rs 7,680 per sq ft, while the larger space is leased at Rs 6,600 per sq ft per month.

The expansion coincides with the launch of the highly anticipated iPhone 17 series in India, which drew massive queues outside retail stores for the iPhone 17, iPhone 17 Pro Max, and iPhone Air.

Apple renewed leases for office units on the 5th, 6th, 7th, and 8th floors of Maker Maxity 4, owned by Agni Commex LLP, and also signed a new lease for the entire 10th floor and terrace area for five years. The company’s total chargeable area in Mumbai now stands at 37,549 sq ft.

Overall, Apple will pay Rs 25.5 million per month from June 2026, with a 4 per cent annual escalation built into the 55-month lease. The agreement includes a security deposit of Rs 227.6 million.

Apple India Pvt Ltd has also leased around 270,000 sq ft in Bengaluru at Embassy Zenith for 10 years, with a total rental outlay exceeding Rs 10 billion and lease rates near Rs 2,350 per sq ft per month. In Hyderabad, Apple has leased 64,125 sq ft for a monthly rent of Rs 8.015 million for five years.

On the retail front, Apple opened its Bengaluru store at Phoenix Mall of Asia in Hebbal on 2 September, its third store in India following Apple BKC in Mumbai and Apple Saket in Delhi, both launched in 2023. The Bengaluru outlet spans 7,998 sq ft under a 10-year lease signed in November 2024. Rent payments began in August 2025 at an annual Rs 20.9 million, with a Rs 10.46 million security deposit. Both rent and deposit will rise by 15 per cent every three years.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..