Apple Noida Store: Rs 45.3 Lakh Monthly Rent, Rs 65 Cr Lease

• Apple will open its fifth Indian retail store in Noida's DLF Mall of India on December 11, its second in the Delhi-NCR region.
• The store occupies 8,240 sq ft on an 11-year lease, with the first year being rent-free.
• After the rent-free period, Apple will pay approximately Rs 45.3 lakh per month, totaling around Rs 65 crore over the 11-year lease, excluding periodic increases.
• The Noida store will offer an immersive experience, featuring hands-on access to devices, creative learning sessions, and in-person support from Specialists.
• Apple plans to further expand its presence in India with a second Mumbai store expected to open next year at Sky City Mall in Borivali.

Why It Matters: This reveals Apple's significant investment in India's retail landscape.