Apple India has expanded its corporate presence in Mumbai’s Bandra Kurla Complex (BKC), signing a lease for an additional 31,023 sq ft of office space at Maker Maxity 4. The expansion, alongside renewal of existing space, takes the company’s total footprint in the commercial hub to 37,549 sq ft, with a monthly rental outlay of ₹2.55 crore. Officials said the lease includes a five-year tenure with a 4% annual escalation and a security deposit of ₹22.76 crore.
Industry experts note that Apple’s strategic expansion coincides with the launch of the iPhone 17 series in India, signalling the company’s long-term commitment to the Mumbai office market. The company now occupies the 5th, 6th, 7th, 8th, and 10th floors of the Maker Maxity 4 building, utilising both office and terrace spaces. Rental costs for the newly leased floor have been negotiated at ₹660 per sq ft per month, reflecting premium pricing for Grade A commercial real estate in BKC, while the earlier smaller space was leased at ₹768 per sq ft. Commercial property analysts highlight that Apple’s lease deal underscores BKC’s continued appeal to global technology firms seeking high-quality office infrastructure in India. “This expansion demonstrates confidence in Mumbai’s commercial real estate sector. Corporates are increasingly valuing operational flexibility and premium workspaces that align with ESG principles, including energy-efficient design and sustainable building practices,” said an expert from a leading real estate advisory firm.
The lease also reflects the broader trend of multinational technology companies securing large footprints across India’s top commercial hubs. Apple India currently occupies over 2.7 lakh sq ft in Bengaluru’s Embassy Zenith, leased for a decade at premium rates, alongside additional office space in Hyderabad’s WaveRock IT Park. These expansions are complemented by flagship retail stores, including outlets in BKC, Delhi, and the Phoenix Mall of Asia in Bengaluru. Officials from Agni Commex LLP, the property owner, confirmed that the lease agreement includes provisions for maintenance, security, and compliance with corporate sustainability standards. Experts say such deals provide a benchmark for rental rates in premium zones, with long-term agreements offering stability for property owners and tenants alike.
Mumbai’s commercial property market has seen sustained demand for Grade A spaces in BKC, driven by multinational expansions, retail growth, and infrastructure upgrades. The Apple lease is likely to influence market sentiment and encourage other global firms to consider Mumbai for strategic operations. Analysts also note that the lease reflects careful planning to align corporate office growth with urban sustainability initiatives, ensuring minimal environmental impact and equitable access to workplace amenities. As Mumbai continues to position itself as a leading technology and business hub, high-profile expansions such as Apple’s signal confidence in the city’s infrastructure, commercial leasing market, and long-term urban planning. While rental costs remain high, the demand for premium office space is expected to grow steadily, driven by global corporates seeking operational efficiency and sustainable work environments.
Mumbai Apple Expands Office Footprint And Renews Lease In Bandra Kurla Complex BKC
