Apple leases space in Mumbai, to open its 4th store in India
Tech major Apple has plans to open its 4th store in India. For the store, the firm has picked up an over 12,616 sq ft retail space in Borivali through a long-term lease of 10 years and 10 months. As per updates, the space is located in a mall located off the Western Express Highway.
The 10-month period is a rent-free period, post which the starting monthly rent of Rs 17.35 lakh, followed by a structured rent escalation with revenue sharing.
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