As per the official announcement, Apple BKC, will open in Mumbai on April 18 at 11am, while the second, Apple Saket, will be thrown open to the public in Delhi at 10am on April 20.
Ambani-owned mall in Mumbai has an 11-year deal with Apple for a space of around 20,800 square feet. The rent of the store will increase by 15% every three years and the company will pay a minimum monthly payment of Rs 42 lakh along with a 2% revenue.
As per the agreement, Apple will have a lease of over 11 years with the Mukesh Ambani-owned Jio World Drive Mall. The Apple Store will be located in a space of around 20,800 square feet.