Apple has officially launched its third retail store in India, opening doors at Phoenix Mall of Asia in Hebbal, North Bengaluru, on September 2. This follows the successful openings of Apple BKC in Mumbai and Apple Saket in Delhi in 2023, further cementing the tech giant’s commitment to the Indian market.
Also Read:- GST on Cement Slashed from 28% to 18%: A Big Boost for Real Estate and Affordable Housing
Massive Investment in Bengaluru Real Estate
The Bengaluru outlet spans 7,997.8 sq. ft. and is secured under a 10-year lease agreement signed in November 2024. According to documents accessed by Propstack:
- The annual rent is set at ₹2.09 crore, with payments starting August 2025.
- Apple placed a security deposit of ₹1.046 crore, subject to a 15% hike every three years.
- The deal also includes a revenue-sharing model: 2% of revenue for the first 36 months and 2.5% thereafter, capped at twice the annual minimum guaranteed rent.
This high-value lease demonstrates Apple’s growing confidence in India’s retail potential, aligning with CEO Tim Cook’s vision of making India a central hub for long-term growth.
Also Read:- Which Property Investment is Best, Under-Construction or Ready Possession
Inside the Apple Hebbal Store
The store is more than just a retail outlet—it’s an immersive Apple experience. Key highlights include:
- A team of 70 specialists from 15 Indian states, showcasing diversity and inclusivity.
- A carbon-neutral, fully renewable-energy-powered space, in line with Apple’s global sustainability standards.
- The complete Apple lineup on display—from the latest iPhone 16 series to iPads, AirPods, Macs, and accessories.
- A Genius Bar for technical support and Business Pros to guide startups and small businesses.
- Today at Apple sessions, offering daily workshops to inspire creativity and help customers get the most out of their devices.
- A dedicated online order pickup zone, simplifying the shopping experience for digital-first customers.
Also Read:- Kartik Aaryan Buys ₹2 Crore Plot in Alibaug, Joins Bachchan & Kriti Sanon as Neighbour
Apple’s Landmark Rental Deals in India
Apple’s Bengaluru investment follows a series of high-profile leases in India:
- Mumbai (BKC): In December 2023, Apple signed one of India’s costliest commercial deals—6,526 sq. ft. at Maker Maxity-5 at ₹738 per sq. ft. per month. The deal translated to ₹48.19 lakh monthly rent and a ₹4.33 crore security deposit.
- Delhi (Saket): Apple’s store at Select Citywalk Mall spans a massive 22,000 sq. ft. with an initial rent of ₹40 lakh per month.
These flagship stores highlight Apple’s aggressive retail push to reach more Indian consumers directly, instead of relying solely on third-party resellers.
Bottom Line
With the Bengaluru Hebbal store, Apple has not only expanded its footprint but also showcased its confidence in India’s role as a major growth market. By combining premium real estate deals with immersive customer experiences, Apple is setting the tone for the next chapter of retail innovation in the country.
Apple has officially launched its third retail store in India, opening doors at Phoenix Mall of Asia in Hebbal, North Bengaluru, on September 2. This follows the successful openings of Apple BKC in Mumbai and Apple Saket in Delhi in 2023, further cementing the tech giant’s commitment to the Indian market.
Also Read:- GST on Cement Slashed from 28% to 18%: A Big Boost for Real Estate and Affordable Housing
Massive Investment in Bengaluru Real Estate
The Bengaluru outlet spans 7,997.8 sq. ft. and is secured under a 10-year lease agreement signed in November 2024. According to documents accessed by Propstack:
- The annual rent is set at ₹2.09 crore, with payments starting August 2025.
- Apple placed a security deposit of ₹1.046 crore, subject to a 15% hike every three years.
- The deal also includes a revenue-sharing model: 2% of revenue for the first 36 months and 2.5% thereafter, capped at twice the annual minimum guaranteed rent.
This high-value lease demonstrates Apple’s growing confidence in India’s retail potential, aligning with CEO Tim Cook’s vision of making India a central hub for long-term growth.
Also Read:- Which Property Investment is Best, Under-Construction or Ready Possession
Inside the Apple Hebbal Store
The store is more than just a retail outlet—it’s an immersive Apple experience. Key highlights include:
- A team of 70 specialists from 15 Indian states, showcasing diversity and inclusivity.
- A carbon-neutral, fully renewable-energy-powered space, in line with Apple’s global sustainability standards.
- The complete Apple lineup on display—from the latest iPhone 16 series to iPads, AirPods, Macs, and accessories.
- A Genius Bar for technical support and Business Pros to guide startups and small businesses.
- Today at Apple sessions, offering daily workshops to inspire creativity and help customers get the most out of their devices.
- A dedicated online order pickup zone, simplifying the shopping experience for digital-first customers.
Also Read:- Kartik Aaryan Buys ₹2 Crore Plot in Alibaug, Joins Bachchan & Kriti Sanon as Neighbour
Apple’s Landmark Rental Deals in India
Apple’s Bengaluru investment follows a series of high-profile leases in India:
- Mumbai (BKC): In December 2023, Apple signed one of India’s costliest commercial deals—6,526 sq. ft. at Maker Maxity-5 at ₹738 per sq. ft. per month. The deal translated to ₹48.19 lakh monthly rent and a ₹4.33 crore security deposit.
- Delhi (Saket): Apple’s store at Select Citywalk Mall spans a massive 22,000 sq. ft. with an initial rent of ₹40 lakh per month.
These flagship stores highlight Apple’s aggressive retail push to reach more Indian consumers directly, instead of relying solely on third-party resellers.
Bottom Line
With the Bengaluru Hebbal store, Apple has not only expanded its footprint but also showcased its confidence in India’s role as a major growth market. By combining premium real estate deals with immersive customer experiences, Apple is setting the tone for the next chapter of retail innovation in the country.
