Shopping cart

Subtotal $0.00

View cartCheckout

Magazines cover a wide array subjects, including but not limited to fashion, lifestyle, health, politics, business, Entertainment, sports, science,

Shopping cart

Subtotal $0.00

View cartCheckout

Magazines cover a wide array subjects, including but not limited to fashion, lifestyle, health, politics, business, Entertainment, sports, science,

Company Updates

Apple expands Hyderabad presence with 64,000 sq ft lease at Waverock campus

Waverock campus
Email :261

Apple has expanded its footprint in Hyderabad’s technology hub, leasing over 64,000 sq ft of office space at the Waverock campus in Nanakramguda for ₹80.15 lakh a month with a tenure of 60 months, strengthening its largest talent hub in India amid growing global uncertainties.

The expansion comes at a time of heightened geopolitical tensions, with US President Trump raising tariffs on Indian imports and pressing Apple to shift some of its manufacturing back home. The tariff push had even prompted Apple CEO Tim Cook to commit $100 billion of investment in the US.

According to registration documents accessed by Propstack, Apple is expected to pay a starting rent of Rs 125 per square foot per month, including a ‘warmshell’ rent of Rs 74.18 and a fitout rent of Rs 50.82. This translates to a starting monthly rent of Rs 80.15 lakh, with the tenure of the lease at 60 months and a deposit of Rs 4.80 crore. The rent carries an escalation of 4.77 percent per year.

“Hyderabad has long been Apple’s largest talent hub in India and a major development center for Apple Maps. With ongoing engineering expansion, it continues to be a key city for the company,” one source said.

Hyderabad has emerged as one of India’s leading technology hubs. It is attracting multinational corporations due to its modern infrastructure, skilled talent availability, and proactive government policies. The leased space is located in a prime IT corridor, home to companies such as Google, Amazon, Microsoft, and Meta, placing Apple at the heart of India’s technology ecosystem.

Industry experts believe this move is not just about expansion but about creating deeper integration with Apple’s global technology functions. Hyderabad is already home to Apple’s Map Development Centre, which plays a crucial role in enhancing Apple Maps and related services. The additional office space could enable Apple to diversify its work in India, possibly extending to artificial intelligence, machine learning, and enterprise solutions.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Join

To Receive Daily Updates