Apple India has leased 64,125 sq ft in Hyderabad for Rs80.15 lakh a month on a five-year term, marking an expansion of Apple’s existing offices located in the project by TSI Business Parks Ltd in Hyderabad.
The additional space Apple recently leased is located in WaveRock Tower 2.1 in Nanakramguda. It has been leased from TSI Business Parks (Hyderabad) Private Limited, with the agreement starting on July 1, 2025, according to Propstack.
The lease covers the upper ground and third floors of the tower and has been signed for 60 months. Apple will pay a monthly rent of Rs80.15 lakh at a rate of Rs125 per sq ft. This includes a warm shell rent of Rs74.18 per sq ft and a fit out rent of Rs50.82 per sq ft, the documents showed.
The company has taken several office spaces in the project, totalling over 5 lakh sq ft, through multiple leases. The first lease spanning 2.32 lakh sq ft was signed in 2016.
The company paid the landlord a security deposit of Rs4.8 crore. The documents showed that the rent would 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 showed 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.
