Apple is opening its 5th retail store in India, located in Noida’s DLF Mall of India. While the store opening brings huge excitement among people, the Noida store comes with a huge price tag. The lease details of the store have been accessed by CRE Matrix and reported by Hindustan Times, revealing the significant monthly rent and long-term lease Apple has signed for the space. Advertisement

As per the sublease documents, Apple has acquired 8,240 square feet of space inside DLF Mall of India. The entire space is spread across six units, which together make a big space for the Apple store. The space area is similar to what we have seen in Mumbai’s BKC, Delhi’s Saket, Pune’s Koregaon Park and Bengaluru’s Hebbal.

In terms of rent, Apple will be paying Rs 263.15 per square foot, which means

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