Apple will pay ₹2.09 crore annual rent for Bengaluru store
Apple will open its first retail store in Bengaluru at the Phoenix Mall of Asia. The company signed a 10-year lease for nearly 8,000 square feet, with a revenue-sharing model of ₹2.09 crore annual rental. Marking its third outlet in India after Mumbai and Delhi, this move aligns with their broader expansion in India.