Apple Expands Mumbai Office with Major Lease Deal, Strengthening India Growth Plans

Apple Secures Larger Presence in Mumbai

Apple Inc. has taken another step to strengthen its presence in India by expanding office space in Mumbai’s Bandra Kurla Complex (BKC), one of the country’s most premium business districts. The company has leased 37,549 square feet across five floors at Maker Maxity, a commercial property that also houses several global banks, consulting majors, and multinational corporations.

The new agreement marks a 55-month lease tenure, with a 4% annual rental escalation built into the contract. Apple has paid a security deposit of ₹22.76 crore to lessor Agni Commex LLP, securing long-term occupancy in the prestigious BKC location.

Details of the Deal

While Apple has been operating out of Maker Maxity since 2021, the latest expansion adds new capacity for its growing operations. According to lease terms, the company will take possession of the 10th floor and terrace from January 1, 2026, under a five-year lock-in period. This ensures stability of operations in one of India’s most expensive commercial hubs.

By committing to additional space at Maker Maxity, Apple has signaled its intent to consolidate and grow its Indian corporate presence in step with its retail and manufacturing expansion.

A Nationwide Expansion Strategy

The Mumbai lease is part of Apple’s broader India growth strategy. Over the past two years, the company has scaled up its presence in both retail and backend operations:

• Retail growth: Apple opened its first two company-owned flagship stores in Mumbai (BKC) and Delhi in 2023. This year, it added a third exclusive outlet in Bengaluru, with new stores planned in Pune, Noida, and Borivali.
• Corporate footprint: Beyond Mumbai, Apple runs a large office in Bengaluru, has leased 64,000 sq ft in Hyderabad, and maintains offices in Gurugram.
• Manufacturing partnerships: The tech giant is working closely with suppliers like Foxconn, Wistron, and Pegatron to increase local production, aligning with the government’s Make in India push and Apple’s strategy to diversify its supply chain away from China.
   

Together, these moves show how India has emerged as both a key market and strategic hub for Apple.

Mumbai’s Premium Office Market
 

Apple’s choice of Maker Maxity reflects its preference for high-grade commercial spaces that mirror its premium global brand. BKC has become Mumbai’s most sought-after office hub, hosting financial giants like JPMorgan, Citi, and Deutsche Bank, as well as top consulting and tech firms.

With limited availability of Grade-A office supply, rentals in BKC are among the highest in India, rivaling prime business districts in other Asian cities. Apple’s expansion underscores both the confidence multinationals have in India’s long-term growth and the continued demand for premium real estate in Mumbai.

Why This Matters

Apple’s latest lease signals more than just office expansion. It reflects:

• Commitment to India: By locking into a long-term lease, Apple is strengthening its roots in one of its fastest-growing markets.
• Integration of operations: The Mumbai office will support both customer-facing retail functions and corporate back-end activities, creating synergy with Apple’s nationwide offices.
• Talent ecosystem: With Mumbai’s status as a financial and commercial capital, Apple can access a large pool of skilled professionals to support its India operations.

Looking Ahead
 

India has quickly risen to become one of Apple’s top growth markets, driven by rising disposable incomes, government incentives for local production, and increasing consumer appetite for premium devices. Analysts expect Apple to continue expanding its retail footprint, office presence, and manufacturing base in India over the next five years.

By anchoring itself in BKC’s Maker Maxity, Apple has made a clear statement: India is central to its future strategy, both as a market and as an operations hub.