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As per news report, the premium segment smartphone maker, Apple has leased a commercial area of about 4 lakh sqft in Bengaluru’s central business district.
The lease has been signed with Prestige Estates at its Minsk Square building. Apple will pay a rent of Rs 170 per sqft, which works out annually to Rs 82 crore.
This is the US-based tech giant’s biggest real estate deal in the country.
The deal has coincided with the iPhone-maker launching its online retail store in the country, which it did last month. The company, which is already making smartphones in India, has also announced it will open its first physical store in Mumbai next month.
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