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Apple India has expanded its corporate presence in Hyderabad by leasing an additional approximately 57,000 sq ft of Grade A office space at the prominent WaveRock IT Park in the city's Financial District. The new lease, taken on a five-year term, brings the company's total footprint at the WaveRock campus to around 6.34 lakh sq ft of office space, according to property documents accessed by Propstack. The space is in Tower 2.1 of the campus and includes a security deposit and an annual rental escalation clause, reflecting a continuing commitment to Hyderabad as a key technology and innovation hub. Apple's incremental expansion at the site, which it first entered in 2016, aligns with broader trends of multinational firms deepening operations in the southern Indian city, contributing to robust office leasing activity and strengthening Hyderaba's appeal within India's commercial real estate market.
Apple India has reinforced its long-term presence in Hyderabad with the lease of an additional approximately 57,000 sq ft of office space at WaveRock IT Park, an established technology campus in the city's Financial District. The latest lease was reportedly signed for a five-year term with standard provisions, including an annual rental escalation and a security deposit, according to property registration documents cited by real estate data platforms. Advertisement
The new space is located in Tower 2.1 of the WaveRock campus and forms part of Apple's continuing incremental expansion at the site. With the latest addition, the company's total footprint at the campus has reached around 6.34 lakh sq ft, consolidating its position as one of the larger tenants in one of Hyderabad's key Grade A office hubs.
The lease reflects Apple's deepening operational commitments in Hyderabad, where its teams support software development, services and backend technology functions among other activities. Apple's initial entry into the WaveRock campus dates back to 2016 with a sizeable lease and has seen multiple follow-on transactions over the years as the company scaled its presence.
Under the terms of the latest lease agreement, the monthly rent is reported to be in line with prevailing premium office rents in the Financial District, with an escalation clause factored in. The transaction also includes a specified number of car parking slots, with options for additional spaces at agreed rates, underlining the comprehensive nature of the lease for corporate use.
Hyderabad's office market has seen significant interest from multinational corporations and information technology companies, driven by strong talent pools, competitive cost structures and robust urban infrastructure. The continued expansion by Apple adds to broader demand trends in the city's commercial real estate segment, where Grade A office occupancy remains high and leasing activity has been supported by a mix of global and domestic occupiers.
Apple's growing footprint in Hyderabad aligns with its broader India strategy and underscores the city's appeal as a technology and innovation hub, even as commercial leasing markets across Indian metros evolve amid changing workspace dynamics.
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