India, Dec. 9 -- Apple, which is set to open its fifth retail store in India on December 11, adding Noida to its rapidly expanding retail footprint, has leased 8,240.78 sq ft for 11 years at a full tenure rent of approximately Rs.65 crore, according to sublease documents accessed by CRE Matrix.

The iPhone maker's upcoming outlet at DLF Mall of India will mark the company's second official store in the Delhi NCR region, following its store in Saket.

According to the sublease document shared by CRE Matrix, Apple has leased six units on the ground floor of the Noida mall, totalling approximately 8,240.78 sq ft (carpet area) of retail space, at Rs.263.15 per sq ft per month for an 11-year period which includes one year of rent free period. ...