Apple India’s BIG move as iPhone-maker leases 2.7 lakh sq ft office space in…; check key details
The technology giant Apple has invested 31.57 RS as a security amount, and the agreement includes annual rent increase according to the property documents related to the agreement. Continue reading to learn more details.
It is developed by the Embassy Group rented by Apple.
Apple’s Indian branch rented an office area of approximately 2.7 lakh square meters in Bengaluru for 10 years. According to the property certificates accessed by Propstack, a real estate analysis company, the agreement was concluded at almost 235 RS rental per square meter per month. This continues the total leasing expenditure of the agreement more than 1,000 RS. According to the documents, the technology giant will pay a 1.010 RS for 10 years, including rent, parking and common area maintenance fees.
What are the basic details of Apple India’s rent agreement?
According to the documents, Apple rented nine floors with a 7.96 Lakh SQ FT carpet area and a 2,68 Lakh SQ FT area, the project on the Sankey Road of the Real Estate Developer Breastfeeding Group is on the bean Zenith. The documents said that the American company will pay 6.31 Crore per month. Under the agreement, a total of 362 parking slots will receive. According to the documents, Apple has invested 31,57 RS Crore as a security amount and the agreement includes an annual rent increase.
Has Apple rented other properties in Bengaluru before?
The property, which was rented by Apple, is developed by the Embassy Group, which bought years ago. According to the above -mentioned property papers, the tower consists of two basements, ground floor and 13 upper floor. Earlier this year, Apple rented 7997 square meters of retail area for the annual rent of RS 2 Crore in Bengaluru’s luxury Phoenix Mall of Asia. According to the documents accessed by Propstack, this rental has a 10 -year term.
