Archive · 6 Jun 2025
Apple India Leases Mumbai Mall Space for New Store
Apple, the company that makes iPhones, is opening a new store in Mumbai, India.
They've rented a big space in a mall called Sky City.
The rent is over 17 lakh rupees each month.
This deal is for about 11 years, but they don't have to pay rent for the first 10 months.
Apple already has stores in Delhi and Mumbai.
They are also planning to open more stores in other cities.
Apple also makes some of their products in India, and they plan to make even more in the country.
Apple India leased 12,616 sq ft space in Mumbai's Sky City Mall.
The lease is for 10 years and 10 months with a 10-month rent-free period.
Monthly rent starts at ₹138 per sq ft, with a minimum of ₹17.35 lakh.
Apple currently operates two official stores in India.
The company plans to expand its retail presence and manufacturing in India.
- Who
- Apple India
- What
- Apple India leased space in Sky City Mall in Mumbai.
- When
- The lease was recently agreed upon.
- Where
- Sky City Mall, Mumbai
- Why
- To expand retail presence and manufacturing base in India.
- Tenant
- Apple India
- Location
- Sky City Mall, Mumbai
- Leased Space
- 12,616 sq ft
- Lease Duration
- 10 years, 10 months
- Rent-Free Period
- 10 months
- Starting Rent
- ₹138 per sq ft
- Minimum Monthly Rent
- ₹17.35 lakh
- Existing Stores
- 2 (Mumbai, New Delhi)