**Apple Renews Lease, Expands Office Space in Mumbai’s BKC**
*By Akash Pandey | Sep 19, 2025, 01:31 PM*
**Overview**
Tech giant Apple has renewed and expanded its office lease at Maker Maxity, a prominent commercial tower located in Mumbai’s Bandra-Kurla Complex (BKC). This move underscores Apple’s growing business operations in India and its commitment to strengthening its presence in the country’s financial capital.
**Lease Expansion Details**
Apple now occupies five floors at Maker Maxity. The renewed lease covers office units on the 5th, 6th, 7th, and 8th floors of the building. Additionally, the company has signed a new lease agreement for the entire 10th floor, including the terrace area.
In total, Apple’s leased area in the building has expanded to 37,549 square feet across these five floors.
**Rental Agreement and Terms**
According to the lease agreement, Apple will pay a monthly rent of ₹2.55 crore starting June 2026. This rate translates to ₹660 per square foot per month. The lease term is set for 55 months with an annual rental escalation of 4%.
Apple has also paid a security deposit of ₹22.76 crore to the lessor, Agni Commex LLP, as part of the deal.
**Strategic Growth in India**
Apple’s expansion in Mumbai is part of its broader strategy to increase its footprint in India. Over the past two years, the company has opened two company-owned retail stores in Mumbai and Delhi.
In line with its global supply-chain diversification strategy, Apple has also been strengthening manufacturing partnerships within the country.
**Growing Presence Across India**
Beyond Mumbai and Delhi, Apple recently launched a third exclusive retail store in Bengaluru and plans to open additional outlets in Pune, Noida, and Borivali.
On the corporate front, the company maintains a large office in Bengaluru, has leased over 64,000 square feet in Hyderabad, and operates offices in Gurugram and Mumbai.
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Apple’s lease renewal and expansion at Maker Maxity signify the company’s continued confidence and long-term commitment to the Indian market as it deepens its operational and retail footprint across the country.
https://www.newsbytesapp.com/news/business/apple-strengthens-mumbai-presence-with-lease-renewal-new-floor/story