Hyderabad Real Estate Booms with JLL's Major Office Lease at Prestige Skytech
Hyderabad’s commercial real estate sector has witnessed a landmark deal as Jones Lang LaSalle (JLL) signed a five-year lease for 1.2 lakh sq ft of office space at Prestige Skytech, Poppalguda. The agreement, which includes a security deposit of ₹3.84 crore, 134 parking slots, and a seven-month fit-out period, underscores the growing demand for Grade-A offices in the city’s western corridor, attracting global capability centres and multinational firms.
The lease covers the 5th and 6th floors of Sky One in Gandipet Mandal, Ranga Reddy District, with the rent set at ₹53 per sq ft per month and common area maintenance (CAM) charges of ₹13 per sq ft. The agreement includes a 15% rental escalation every three years and a three-year lock-in, reflecting a structured and investor-friendly framework.
Industry experts note that Hyderabad’s western corridor continues to emerge as a preferred destination for global corporate hubs due to its modern infrastructure, connectivity, and curated amenities. “This lease illustrates the city’s appeal for multinational companies seeking high-quality, sustainable workspaces that support both operational efficiency and talent retention,” said an urban real estate analyst.
Prestige Skytech has positioned itself as a Grade-A commercial hub, combining thoughtfully designed offices with lifestyle-oriented amenities. Developers in Hyderabad are increasingly focusing on workplaces that align with sustainability and net-zero initiatives, integrating energy-efficient designs, green spaces, and inclusive planning to enhance employee experience while promoting long-term urban resilience.
Recent leasing activity further underscores Hyderabad’s momentum. WeWork India leased 1.75 lakh sq ft at Skyview 20, later sub-leased to JP Morgan Services India, while Apple India expanded its footprint by 64,125 sq ft at WaveRock Tower 2.1. Mindspace Business Parks REIT’s acquisition of 8.1 lakh sq ft of Grade-A office space demonstrates investor confidence in the city’s commercial real estate market.
Analysts attribute this surge to Hyderabad’s strategic positioning as a Global Capability Centre hub, supported by government policies, robust infrastructure, and a growing pool of skilled professionals. The demand for premium, energy-efficient office spaces is shaping not only the real estate market but also the broader urban development landscape, encouraging inclusive, sustainable, and technologically advanced workplaces.
As Hyderabad continues to attract multinational corporations and large-scale office occupiers, the city’s Grade-A real estate segment is expected to see continued expansion, cementing its status as a leading destination for corporate investment and sustainable urban growth.
