Apple has inaugurated its third official retail store in India at Phoenix Mall of Asia, Hebbal, Bengaluru, on September 2, 2025. The move follows the launch of Apple BKC in Mumbai’s Bandra Kurla Complex and Apple Saket in Delhi in 2023, marking a strategic expansion to deepen the company’s footprint in India.
The Hebbal store covers approximately 7,998 sq ft under a 10-year lease agreement signed in November 2024. Annual rent is set at ₹2.09 crore, with a security deposit of ₹1.046 crore. The lease includes a 15% rent escalation every three years. In addition to the fixed lease, Apple has incorporated a revenue-sharing model, amounting to 2% of revenue for the first 36 months and 2.5% thereafter, capped at twice the annual minimum guaranteed rent.
This expansion aligns with Apple CEO Tim Cook’s earlier commitment to strengthening the company’s presence in India, a market considered central to its long-term growth strategy. The new store demonstrates Apple’s dual focus on premium retail presence and localized operations.
The Hebbal outlet is staffed by 70 specialists from 15 Indian states, reflecting Apple’s focus on inclusivity and local hiring. The store operates entirely on renewable energy, maintaining a carbon-neutral footprint in line with Apple’s global sustainability initiatives.
Customers can explore the full Apple product portfolio, including the recently launched iPhone 16 series, iPads, AirPods, and various accessories. The store features a Genius Bar for technical support and dedicated Business Pros to assist small businesses and entrepreneurs in leveraging Apple technology. Daily “Today at Apple” sessions are conducted to enhance customer engagement and foster creativity.
For digital-savvy customers, the store includes a dedicated pickup zone for collecting online orders efficiently, integrating both in-store and digital retail experiences.
Apple India has previously signed some of the country’s most notable commercial lease agreements. In December 2024, the company secured 6,526 sq ft at Maker Maxity-5, Bandra Kurla Complex, Mumbai, with a five-year lease at ₹738 per sq ft per month, amounting to a monthly rent of ₹48.19 lakh. The lease included a substantial security deposit of ₹4.33 crore and two lock-in periods, ensuring stability for both the landlord and tenant.
Similarly, the Apple Saket store at Select Citywalk Mall in Delhi spans 22,000 sq ft, with an initial monthly rent of ₹40 lakh, further reflecting the company’s commitment to premium retail spaces in key Indian cities.
The Hebbal store is part of Apple’s broader India strategy, focusing on high-footfall locations in metropolitan areas. By expanding retail operations alongside its ongoing investment in manufacturing and local supply chains, Apple aims to cater to growing consumer demand while strengthening its brand visibility in India.
This expansion also highlights a broader trend of multinational companies investing in India’s commercial real estate and retail markets, particularly in high-value urban corridors with strategic visibility and accessibility.
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