Bengaluru: Apple India has registered a fresh office lease of over 65,000 square feet at WaveRock IT campus in Hyderabad’s Financial District, taking its total footprint at the Xander-owned property to nearly 6.3 lakh square feet, according to documents accessed by the publication .
The latest transaction involves a 65,168 sq ft lease registered earlier this week between Apple India Private Limited and TSI Business Parks (Hyderabad) Private Limited, the landlord entity for WaveRock. This follows an earlier lease of 64,125 sq ft signed in July 2025, taking Apple’s incremental addition at the campus to around 1.3 lakh sq ft during 2025.
As per the registered lease deed shared by Propstack, the agreement is for a five-year term with a three-year lock-in period, at a monthly rent of ₹125 per square foot. The lease also includes an option to renew for an additional five years on mutually agreed terms . The document indicates that the space will be used for Apple’s India operations, further consolidating its long-standing presence at the campus.
With this expansion, Apple now occupies close to 27% of the total leasable area at WaveRock, making it one of the largest tenants at the Grade A office campus. Apple has been operating out of WaveRock since 2016, housing teams across maps, software development, services and backend technology functions.
Spread across approximately 2.4 million sq ft in Gachibowli, WaveRock is currently operating at nearly 99% occupancy, driven by strong demand from large global occupiers, market sources said. Other major tenants at the campus include DBS, GAP, DuPont, Accenture and Tata Consultancy Services, among others.
The property was acquired by global private equity firm Xander in May 2024 for around ₹2,200 crore and is managed under its pan-India office platform, X Office Parks. Xander declined to comment on the latest transaction, while queries sent to Apple remained unanswered until press time.
Apple’s continued expansion at WaveRock underscores Hyderabad’s growing role as a key hub for global capability centres (GCCs), even as core micro-markets such as Hitec City approach saturation. Over the past year, the city has seen sustained demand from multinational technology and healthcare companies setting up or expanding GCC operations.
Industry experts say Gachibowli and the Financial District are emerging as Hyderabad’s next major office growth corridors, supported by infrastructure upgrades, metro connectivity and a deep technology talent pool. According to a recent JLL report, Hyderabad recorded gross office leasing of 2.94 million sq ft in Q3 2025, with fresh supply additions concentrated in Hitec City and Gachibowli, and annual office supply expected to remain at 13–14 million sq ft in the near term.
The latest transaction involves a 65,168 sq ft lease registered earlier this week between Apple India Private Limited and TSI Business Parks (Hyderabad) Private Limited, the landlord entity for WaveRock. This follows an earlier lease of 64,125 sq ft signed in July 2025, taking Apple’s incremental addition at the campus to around 1.3 lakh sq ft during 2025.
As per the registered lease deed shared by Propstack, the agreement is for a five-year term with a three-year lock-in period, at a monthly rent of ₹125 per square foot. The lease also includes an option to renew for an additional five years on mutually agreed terms . The document indicates that the space will be used for Apple’s India operations, further consolidating its long-standing presence at the campus.
With this expansion, Apple now occupies close to 27% of the total leasable area at WaveRock, making it one of the largest tenants at the Grade A office campus. Apple has been operating out of WaveRock since 2016, housing teams across maps, software development, services and backend technology functions.
Spread across approximately 2.4 million sq ft in Gachibowli, WaveRock is currently operating at nearly 99% occupancy, driven by strong demand from large global occupiers, market sources said. Other major tenants at the campus include DBS, GAP, DuPont, Accenture and Tata Consultancy Services, among others.
The property was acquired by global private equity firm Xander in May 2024 for around ₹2,200 crore and is managed under its pan-India office platform, X Office Parks. Xander declined to comment on the latest transaction, while queries sent to Apple remained unanswered until press time.
Apple’s continued expansion at WaveRock underscores Hyderabad’s growing role as a key hub for global capability centres (GCCs), even as core micro-markets such as Hitec City approach saturation. Over the past year, the city has seen sustained demand from multinational technology and healthcare companies setting up or expanding GCC operations.
Industry experts say Gachibowli and the Financial District are emerging as Hyderabad’s next major office growth corridors, supported by infrastructure upgrades, metro connectivity and a deep technology talent pool. According to a recent JLL report, Hyderabad recorded gross office leasing of 2.94 million sq ft in Q3 2025, with fresh supply additions concentrated in Hitec City and Gachibowli, and annual office supply expected to remain at 13–14 million sq ft in the near term.
