Hyderabad Real Estate: JLL Leases 1.2 Lakh Sq Ft Office Space at Prestige Skytech

Jones Lang LaSalle Property Consultants India (JLL) has leased a substantial 1.2 lakh sq ft of office space in Hyderabad’s Prestige Skytech for a monthly rent of ₹64.1 lakh, as per registration documents accessed by CRE Matrix. This lease is for a five-year term, solidifying JLL's commitment to the thriving real estate market in Hyderabad.

The global property consultancy has secured the 5th and 6th floors of the Sky One building in Prestige Skytech, located in Poppalguda, Gandipet Mandal, Ranga Reddy District. The lease agreement includes a security deposit of ₹3.84 crore, further ensuring the financial stability of the transaction.

The transaction was registered on November 28, 2025, with the lease commencing on September 15, 2025. The rent will begin on April 15, 2026, and will be increased by 15% every three years. JLL will pay rent at ₹53 per square foot per month, with common area maintenance (CAM) charges fixed at ₹13 per square foot per month.

The lease includes 134 parking spaces, with the option to lease additional slots for ₹2,000 each. JLL will also receive a seven-month fit-out or rent-free period, and the transaction has a lock-in period of three years starting from the lease commencement date.

Prestige Skytech is a prominent Grade-A commercial development in Hyderabad’s western corridor, a region that continues to attract large occupiers seeking high-quality office space. The project is rapidly emerging as a magnet within the Financial District, a place where global firms choose to anchor themselves due to its Grade-A work environment, thoughtfully curated amenities, and upcoming fine-dining and lifestyle experiences.

Juggy Marwaha, CEO of Prestige Group, Office Ventures, expressed his delight over the lease, stating, “We’re delighted to welcome JBS (GCC of JLL Global) to Prestige Skytech. This lease underscores not just the strength of our partnership, but also the momentum of the fast-expanding GCC ecosystem in Hyderabad. Skytech is rapidly emerging as a magnet within the Financial District, a place where global firms choose to anchor themselves because of its Grade-A work environment, thoughtfully curated amenities, and upcoming fine-dining and lifestyle experiences.”

A list of queries has been sent to JLL, and the story will be updated if a response is received.

Hyderabad’s real estate market has seen several significant transactions in recent months. On December 2, 2025, WeWork India leased 1.75 lakh sq ft at Skyview 20, a Grade-A tech park, on a five-year term with a starting monthly rent of ₹1.72 crore. The company has sub-leased the entire two-floor space to JP Morgan Services India Pvt Ltd for a period of 60 months at a starting monthly rent of ₹4.38 crore, as per property documents accessed by CRE Matrix, a data-driven real estate consultancy firm.

In September, Apple India leased 64,125 sq ft of additional office space in Hyderabad for a monthly rent of ₹80.15 lakh for a five-year term, documents accessed by Propstack showed. According to Propstack, the company has taken several office spaces in the project, totaling over 5 lakh sq ft, through multiple leases. The first lease spanning 2.32 lakh sq ft was signed in 2016.

The additional space Apple recently leased is located in WaveRock Tower 2.1 in Nanakramguda. It has been leased from TSI Business Parks (Hyderabad) Private Limited, with the agreement starting on July 1, 2025.

Earlier, Mindspace Business Parks REIT, the owner and developer of a Grade A office portfolio located in four key office markets in the country, acquired an office complex spanning 8 lakh sq ft in Hyderabad for ₹512 crore. This acquisition further highlights the growing appeal of Hyderabad as a prime location for global capability centers and high-quality office spaces.

Hyderabad’s real estate market is witnessing a surge in demand, driven by its strategic location, robust infrastructure, and a favorable business environment. The city’s ability to attract major international companies like JLL, Apple, and WeWork underscores its potential to become a leading hub for global business operations.