Archive · 31 May 2025
Apple to Open New Store in Bengaluru, India
Apple is opening a new store in Bengaluru, India.
This will be their third retail store in the country, after locations in Mumbai and Delhi.
The new store will be located in the Phoenix Mall of Asia.
Apple has leased a large space for the store, with rent starting in August 2025.
The company is also planning to open more stores across India in Mumbai, Delhi, and Pune, alongside the new Bengaluru location, expanding its retail footprint significantly.
This expansion follows increased manufacturing in India.
Apple is opening a new retail store in Bengaluru, India.
The store is located in the Phoenix Mall of Asia in North Bengaluru.
The lease agreement is for 10 years with an annual rent of Rs 2.09 crore.
Rent payments will begin on August 8, 2025, with a revenue-sharing component.
This new store is part of Apple's expansion plan in India, with multiple stores planned.
- Who
- Apple
- What
- Opening a new retail store.
- When
- Lease commenced November 8, 2024, rent starts August 8, 2025.
- Where
- Phoenix Mall of Asia, Bengaluru, India.
- Why
- To expand retail presence and tap into the growing Indian market, supported by manufacturing partnerships in the region.
Real Estate & Investment
Apple's Strategy
Location
Real Estate & Investment
Commercial real estate is in high demand. Securing space in high-traffic locations like the Phoenix Mall of Asia represents a significant financial investment for Apple.
Apple's Strategy
Apple is focused on establishing a significant presence in India to increase market share and serve a growing customer base.
- Location
- Phoenix Mall of Asia, Bengaluru
- Lease Term
- 10 years
- Annual Rent
- Rs 2.09 crore
- Lease Start Date
- November 8, 2024
- Rent Payment Start Date
- August 8, 2025
- Store Size
- 7,997.8 sq ft
Sources
Apple opening its 3rd store in India in Bengaluru, Phoenix Mall is the place
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