Apple leases a ₹220/sq ft office tower in Bengaluru for $2.93M/month, expanding its presence in India to support iPhone manufacturing goals.
Apple Inc. leases an entire office tower from Embassy Group in Bengaluru, India, for a record-setting ₹220 per sq ft per month (~$2.93). The 400,000 sq ft space in India's Silicon Valley is part of Apple's growing presence in the country, which also includes locations in Mumbai, Hyderabad, and Gurugram. This move supports Apple's goal to manufacture 25% of iPhones within India by the next 3-4 years.
June 28, 2024
3 Articles