Apple, the iPhone maker, is planning to set up a flagship Apple Store in India. It is expected that the store will be on the lines of the famous one on the Fifth Avenue in New York. Apple is also planning to open a string of smaller outlets in the country.
Many leading real estate brokerage companies are already looking out for 15,000-20,000 square feet space on high streets and in malls. For Apple’s first phase of company-owned stores, real estate brokerage companies are also scouting for prime retail locations in Mumbai, NCR, Bengaluru and Pune.
Apple is eyeing to set up most of the Apple Stores of over 2,000-3,000 sq ft in India, including space for technical support and holding small workshops. The design and architectural grandeur of the Apple store will remain the same just like its other stores
For revamping the outlets, Apple has a direct involvement. It includes new fixtures and design and more space for tablets and wearables.
Recently, the smartphone maker has also re-filed its foreign direct investment application to set up company-owned stores in the country after the government had sought some clarifications.