Apple is likely to get 3.5-lakh sqft of office space in Bengaluru.

India’s pandemic-crushed in and around Bengaluru and Hyderabad commercial property renting market that is being sprouted up by deals also major cities such as Mumbai and NCR see changes going back to normal.

Negotiation with builders is done by Apple for a 350,000 sqft office space in Bengaluru which will work its global markets, and also ideas to open a huge retail centre in the city, people discussed with the source.

Wells Fargo a US-based financial company has another big deal in work has been in talks for 1.4 million sqft of office space in Hyderabad to expand operations. The people said, both the deals are expected to be signed in the next few days and both cases, the companies are expanding their footprint in India,” “These facilities will be up by 2021.”

  New Bengaluru office of Apple is anticipated to come up at Prestige Mink Square. The company is also appearing to put forward manufacturing in the country. Last month at Chennai plant Apple’s top-end started assembling at Foxconn.

 “Wells Fargo already occupies around 1.2 million sqft in Hyderabad and is looking to further expand the business,” said by a person who was well known of the deal. An email query sent to Apple wasn’t answered until the press time.

 Wells Fargo’s communication head too didn’t respond to phone calls and messages. For its future growth MNC’s Walmart, Amazon and Microsoft have either taken or are being taken of leasing large office spaces across Bengaluru, Hyderabad and Chennai.

 In the first half of 2020, the southern property markets accounted for about 48% of the total office renting in India as compared with 51% in the same time a year ago.

 According to Knight Frank’s report, Bengaluru had around 4.8 million sqft of office space renting in the country, while Hyderabad had 2.2 million sqft.