Apple is set to open its first retail store in Noida on December 11, marking the company’s fifth official Apple Store in India and its second in the Delhi NCR region after Saket. The new outlet is located at DLF Mall of India, one of the country’s largest and most prominent shopping destinations.
According to sublease documents accessed by CRE Matrix, Apple India Private Ltd has leased 8,240.78 sq ft of retail space at the mall for 11 years. The total rental outgo over the full tenure stands at approximately ₹65 crore, reflecting a long-term commitment to the market.
Lease Details
The documents show that Apple has leased six ground-floor retail units at DLF Mall of India, together comprising 8,240.78 sq ft of carpet area. The agreed rental stands at ₹263.15 per sq ft per month. This translates to a monthly rent of around ₹45.3 lakh and an annual rent of about ₹5.4 crore.
Additionally, the lease includes a one-year rent-free period. It also features a 15% rent escalation every three years. Over the full 11-year tenure, the total rent aggregates to ₹64.9 crore. Apple India Private Ltd and Paliwal Real Estate Limited signed the sublease deed on February 25, 2025.
Meanwhile, queries have been sent to Apple India, DLF, and Paliwal Real Estate Limited. The story will be updated if responses are received.
Strengthening Apple’s NCR Presence
With this launch, Apple strengthens its footprint in the Delhi NCR region. The Noida outlet follows the Saket store that opened in 2023. Retail experts say the move signals Apple’s growing confidence in Noida as a high-consumption and high-growth market.
Although rents for smaller stores at DLF Mall of India typically range between ₹500 and ₹700 per sq ft, larger-format stores enjoy pricing advantages. Due to scale and negotiation leverage, brands like Apple secure lower effective rentals. Experts also note that Apple’s Noida rent aligns closely with its Saket store, reinforcing consistency in its leasing approach.
Location Advantage and Catchment
DLF Mall of India spans nearly one million sq ft, making it Noida’s largest mall. It is also more than twice the size of Select Citywalk, Saket. Importantly, it remains the only retail centre of this scale and category in the region.
As a result, the Noida store benefits from a wide regional catchment. This includes Ghaziabad, Greater Noida, South Delhi, Agra, Mathura, and several emerging demand hubs.
Brand Pull Reflected in Leasing Strategy
According to industry observers, Apple’s rental levels reflect more than just location quality. They also highlight the strong footfalls and brand value that Apple brings to large-format malls. In turn, the Noida lease enhances DLF Mall of India’s position as a marquee retail destination in North India.
Overall, with the Noida opening, Apple continues its measured and data-driven retail expansion in India. The strategy balances prime locations, uniform store formats, and long-term lease commitments across key urban markets.
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