Apple Expands in Hyderabad, Leases Additional 64,125 sq ft Office Space
Apple has leased an additional 64,125 sq ft of office space in WaveRock Tower, Hyderabad, at ₹125 per sq ft, expanding its footprint to over 5 lakh sq ft.
AppleHyderabadOffice SpaceReal EstateWaverock TowerReal EstateSep 01, 2025
The additional space Apple recently leased is located in WaveRock Tower 2.1 in Nanakramguda. The lease agreement, which started on July 1, 2025, covers the upper ground and third floors of the tower and is signed for 60 months. Apple will pay a monthly rent of ₹80.15 lakh at a rate of ₹125 per sq ft, which includes a warm shell rent of ₹74.18 per sq ft and a fit out rent of ₹50.82 per sq ft.
A warm shell rent refers to the rental cost for office space that comes with basic interior work already done, making it nearly ready to occupy. Apple has also paid a security deposit of ₹4.8 crore, and the rent will increase by 4.77% annually over the lease period.
Apple has been designated 64 car parking spaces (1 reserved space for every 1,000 sq. ft. of leasable area) at no additional cost. Each space can be used for either one car or up to six two-wheelers. The agreement also states that additional parking spaces may be provided, subject to availability and payment of extra rent.
The lease has a lock-in period of three years from the rent commencement date. During this time, neither party can terminate the lease, except under the specific conditions mentioned in the agreement. Apple’s Hyderabad office, officially inaugurated by CEO Tim Cook in May 2016, serves as a key development hub for Apple Maps, specializing in geospatial technology and data modeling.
An email query has been sent to Apple India Private Limited and TSI Business Parks. The story will be updated if a response is received.
Previous Real Estate Transactions by Apple
Last month, Apple leased around 2.7 lakh sq ft of office space in real estate developer Embassy Group’s project Embassy Zenith in Bengaluru for a 10-year term, with a total rental outlay of over ₹1,000 crore, setting a benchmark with lease rates touching almost ₹235 per sq ft per month.
In May 2025, Apple India leased 7997.8 sq ft of retail space in North Bengaluru's upscale Phoenix Mall of Asia for an annual rent of ₹2.09 crore for 10 years, according to documents accessed by Propstack. The lease has a tenure of 10 years with a 15% escalation in both rent and security deposit every three years. Apple has paid a security deposit of ₹1.046 crore, the document showed.
Real estate experts say Foxconn’s new facility in Bengaluru is driving demand for homes and commercial spaces in Devanahalli, supported by job creation and improving infrastructure. Foxconn is the largest manufacturer of iPhones, and the second-biggest facility outside China in Devanahalli near Bengaluru, being set up at an investment of $2.8 billion (about ₹25,000 crore). The Taiwanese electronics major has recently begun small-scale production of the iPhone 17 at the plant, which is its second-largest manufacturing unit, according to sources cited by PTI.
Frequently Asked Questions
Why did Apple lease additional office space in Hyderabad?
Apple leased additional office space in Hyderabad to expand its operations and accommodate growing teams, particularly in areas like geospatial technology and data modeling.
What is the monthly rent for the new office space?
The monthly rent for the new office space in WaveRock Tower, Hyderabad, is ₹80.15 lakh.
How long is the lease agreement for the new office space?
The lease agreement for the new office space is for 60 months, starting from July 1, 2025.
What is a warm shell rent?
A warm shell rent refers to the rental cost for office space that comes with basic interior work already done, making it nearly ready to occupy.
What other real estate transactions has Apple made recently in India?
Apple recently leased around 2.7 lakh sq ft of office space in Bengaluru for a 10-year term and 7997.8 sq ft of retail space in North Bengaluru's Phoenix Mall of Asia for 10 years.
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