HomeLatestApple Leases 64,125 Sq Ft Hyderabad Office For Rs 80.15 Lakh Monthly

Apple Leases 64,125 Sq Ft Hyderabad Office For Rs 80.15 Lakh Monthly

Global technology giant Apple has taken a significant step to strengthen its presence in India by leasing a large office space in Hyderabad. The company has finalised a deal to occupy 64,125 square feet of prime office area, with a monthly rental outlay of ₹80.15 lakh.

According to property documents, the lease agreement has been signed for a long-term period, underlining Apple’s commitment to expand operations in the country. The office space, located in Hyderabad’s prominent IT corridor, is part of a Grade-A commercial building that already houses several multinational technology firms. Industry experts note that the high-value lease reflects Apple’s growing focus on the Indian market, both as a consumer base and as a hub for backend operations. The office deal translates to a per square foot rent of over ₹125, which is considered premium for the Hyderabad market. This highlights the demand for world-class office infrastructure among global companies looking to operate in India’s key IT hubs. The new facility is expected to accommodate teams involved in software development, cloud services, and data management, though Apple has not officially disclosed the specific functions that will be carried out from the premises.

Hyderabad has steadily emerged as one of India’s top destinations for global technology players. Over the past decade, the city has attracted companies such as Microsoft, Google, Amazon, and Meta, in addition to a growing number of semiconductor and hardware manufacturers. The availability of skilled talent, competitive rentals compared to Bengaluru and Mumbai, and strong government support for IT and electronics have made Hyderabad an attractive investment destination. Real estate analysts point out that Apple’s move comes at a time when commercial leasing activity in Hyderabad has been on the rise, driven by global firms diversifying their operations. Despite global economic headwinds, the Indian office market has remained resilient, with steady absorption of Grade-A spaces across key metros. Apple’s leasing of a large office in Hyderabad is being seen as a vote of confidence in India’s potential as both a technology hub and a market for its expanding ecosystem of products and services.

Apple has been gradually deepening its footprint in India over the past few years. The company opened its first flagship stores in Mumbai and Delhi in 2023 and has been scaling up manufacturing in partnership with Foxconn, Wistron, and Pegatron to expand local production of iPhones. Its Hyderabad office is expected to complement these initiatives, particularly in areas of engineering support, data services, and backend development. With this deal, Apple joins the list of major global technology companies that are betting big on Hyderabad’s real estate market. The move also signals that India will continue to play a strategic role in Apple’s global growth plans, as the company looks to diversify its operations beyond traditional markets.

Apple Leases 64,125 Sq Ft Hyderabad Office For Rs 80.15 Lakh Monthly
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

India Steel Growth Raises Sustainability Concerns

India Steel Growth Raises Sustainability Concerns

India’s rapid steel production expansion is increasingly colliding with climate and energy concerns, placing pressure on policymakers and manufacturers to align industrial growth with...
India Cement Sector Faces Slower Profit Growth

India Cement Sector Faces Slower Profit Growth

India’s cement industry is facing increasing profitability pressure despite continued infrastructure activity, as rising operational costs and uneven market demand reshape the financial performance...
India Paint Sector Eyes Urban Housing Recovery

India Paint Sector Eyes Urban Housing Recovery

India’s decorative paints and coatings sector is drawing renewed investor attention as urban housing demand, infrastructure expansion and sustainability-linked construction trends reshape growth expectations...
India Cement Producers Split On Capacity Growth

India Cement Producers Split On Capacity Growth

India’s cement industry is entering a phase of uneven investment strategy, with major producers taking sharply different approaches to expansion as urban infrastructure demand...
India Infrastructure Output Supported By Steel Demand

India Infrastructure Output Supported By Steel Demand

India’s core infrastructure sectors recorded modest growth in April, signalling a slower start to the financial year even as demand for cement, steel and...