Apple Expands Hyderabad Presence: New Leasing at WaveRock IT Park

Hyderabad continues to strengthen its position as a preferred destination for global technology companies expanding their operations in India. Stable policy support, a deep talent pool, and modern commercial infrastructure have made the city attractive for long-term office investments. In this context, Apple has further expanded its footprint in Hyderabad by leasing additional office space at WaveRock IT Park. This move highlights growing confidence in Hyderabad real estate and the city’s ability to support large-scale multinational operations.

In a recent development, Apple expands Hyderabad presence with new office lease by adding approximately 57,000 square feet at WaveRock IT Park. The transaction increases Apple’s total footprint at the campus to nearly 6.34 lakh square feet. The lease is for a five-year period and reflects Apple’s continued commitment to Hyderabad as a key operational base. This transaction adds momentum to Hyderabad office leasing activity in the technology sector.

The additional space has been leased in Tower 2.1 of Phase II at WaveRock IT Park, located in Nanakramguda’s Financial District. The premises are owned by TSI Business Parks. Apple has taken five floors under this agreement, which commenced in December 2025. According to documents, the total chargeable area is 57,343 square feet, with a monthly rent of around ₹71.6 lakh, strengthening Apple India WaveRock lease records.

The effective rental rate works out to approximately ₹125 per square foot per month. This includes a warm shell rent and a fit-out rent component. Warm shell offices offer basic interior readiness, enabling quicker occupancy. The lease also includes an annual escalation of 4.77 percent and a lock-in period of three years. Apple has paid a security deposit exceeding ₹4 crore, reflecting standard practices in Hyderabad commercial real estate transactions.

Along with office space, the agreement includes 57 designated parking slots. Additional parking can be secured at a fixed monthly cost per vehicle. Such operational facilities are critical for large occupiers managing significant employee strength. The availability of adequate infrastructure enhances the appeal of IT park leasing Hyderabad, particularly for multinational firms requiring scalable work environments.

WaveRock IT Park is among Hyderabad’s most prominent technology campuses. Its location within the Financial District provides excellent connectivity to business hubs, residential zones, and transport corridors. The campus has attracted several global firms due to its modern design and integrated facilities. This makes it a strong choice for companies like Apple Hyderabad, seeking long-term operational stability and access to skilled professionals.

Apple’s relationship with WaveRock dates back to 2016, when it first leased over two lakh square feet at the campus. Since then, the company has steadily expanded through multiple transactions. The latest addition reinforces Apple office expansion Hyderabad as a gradual and planned strategy rather than a one-time move. This phased approach allows the company to scale operations in line with business growth.

Beyond Hyderabad, Apple has been active in other Indian markets. The company leased large office spaces in Bengaluru and launched multiple retail stores across major cities. These transactions highlight Office space demand by multinational tech firms in India, where long-term leases and premium locations are preferred. Hyderabad, however, stands out for offering competitive rentals and high-quality infrastructure.

Apple’s expansion sends a strong signal to investors and developers. Large global occupiers validate market fundamentals and encourage further supply development. This strengthens Hyderabad emerging hub for global technology offices, attracting additional technology and innovation-driven companies. Such transactions also contribute to steady absorption rates, supporting long-term market stability.

Technology companies continue to favour campuses offering flexibility, modern amenities, and efficient layouts. As work models evolve, firms prefer spaces that can adapt to changing needs. Technology companies office demand remains resilient, driven by digital transformation and global service delivery models. Hyderabad’s commercial market is well positioned to benefit from these trends.

Large leasing deals enhance the city’s reputation as a reliable destination for global enterprises. They support job creation, infrastructure investment, and ancillary services growth. Apple’s decision to expand reinforces confidence in Hyderabad real estate and underlines the city’s ability to support complex, long-term corporate requirements.

Apple’s latest office lease at WaveRock IT Park highlights Hyderabad’s growing appeal as a technology and services hub. By adding 57,000 square feet, Apple has expanded its total campus footprint to over 6.3 lakh square feet. The transaction reflects strong demand from global technology firms for high-quality office space. Supported by modern infrastructure, competitive rentals, and talent availability, Hyderabad continues to attract multinational occupiers and strengthen its position in India’s commercial real estate landscape.