First Apple Store in Uttar Pradesh: Monthly Rent Revealed

Apple Noida Store

Source: aajtak

Apple Store Noida

Source: aajtak

The iPhone maker launches its inaugural store in Uttar Pradesh. With this, Apple marks its fifth store in India. The store opens to the public on December 11 at 1 PM.

(Photo: ITG)
Apple Store Noida

Source: aajtak

Previously, Apple established stores in Saket, Delhi, BKC Mumbai, Koregaon, Pune, and Hebbal, Bengaluru. These stores promise the exclusive Apple experience, offering a complete range of Apple products.

(Photo: ITG)
Apple Store Noida

Source: aajtak

Apple entered the Indian retail market with its first store in 2023, beginning with Mumbai BKC, followed by Saket in Delhi. This year also saw store openings in Pune and Bengaluru.

(Photo: ITG)
Apple Store Noida

Source: aajtak

Apple’s fifth storefront is located in Noida, occupying the ground floor of DLF Mall of India. Reports indicate a 11-year lease agreement has been signed for this vibrant location.

(Photo: ITG)
Apple Store Noida

Source: aajtak

The store spans an area of 8,240.78 square feet. Interestingly, Apple has negotiated a rent-free first year, after which they will pay INR 263.15 per square foot.

(Photo: ITG)
Apple Store Noida

Source: aajtak

This translates to a monthly rent of approximately INR 4.53 million, with a yearly total of about INR 54 million. According to the agreement, rent is set to increase by 15% every three years.

(Photo: ITG)
Apple Store Noida

Source: aajtak

At the Apple Store, you'll access products quicker than through resellers, and enjoy exclusive offers. Plus, unlike many, Apple doesn't push unnecessary accessories, addressing a common consumer grievance.

(Photo: ITG)
You might also like