Apple India Expands Hyderabad Footprint with New 57,000 Sq Ft Office Lease

• Apple India has leased an additional 57,000 sq ft office space at Waverock IT SEZ in Gachibowli, Hyderabad.
• The new lease brings Apple's total development centre space in Hyderabad to 634,000 sq ft.
• The company will pay Rs 125 per sq ft per month, with a yearly escalation of 4.77 percent, for a five-year term.
• The Waverock campus is owned by Xander Real Estate and Singapore's GIC.
• Hyderabad's Gachibowli office is Apple's largest development centre in India, focusing on Apple Maps and geospatial technology.

Why It Matters: Apple significantly expands its largest Indian development center in Hyderabad, boosting its mapping operations.