Apple India extends leases for its office in Bandra-Kurla Complex

21 Sep 2021 CW Team

Apple India has extended its leases for its nearly 16,000 square foot office in Bandra-Kurla Complex (BKC) for another five years at higher rents.

The office is located on three floors of the 5 North Avenue tower, which is part of the Maker Maxity commercial project.

The company has renewed its leases on the 6th, 7th, and 8th floors of the tower through three agreements with landlord Agni Commex LLP.

The lease rentals have been set between Rs 400 and Rs 402 per sq ft per month, up from Rs 374 per sq ft per month previously.

Apple India has renewed its lease for its office on the sixth floor, which spans nearly 9,000 square feet and costs Rs 400 per square foot per month. This lease has a 55-month term that begins in mid-October and ends in May 2026.

According to documents obtained through real estate analytics firm Propstack, all three leases have a clause that allows rents to increase by 4% every year, and Apple has paid a security deposit worth nine months rent for each of these leases.

Apple has agreed to pay Rs 402 per sq ft in monthly rentals for its nearly 4,100-square-foot office on the seventh floor.

The lease for the 8th-floor office, which spans over 2,900 square feet, has been renewed at a monthly rate of Rs 400 per square foot.

The leases for the offices on the 7th and 8th floors will be for 60 months, beginning in June 2021 and ending in May 2026.

Maker Maxity, a project developed by the Maker Group, consists of five office towers as part of an integrated development that also includes a luxury mall and a drive-in movie theatre.

Maker Maxity is a high-end fine-dining complex located at the entrance to the Bandra-Kurla Complex.

Image Source

Also read: Major cities in India see surge in office leasing to 66% in FY21

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..