JLL Secures Premium Office Space in Hyderabad’s Prestige Skytech for ₹64.1 Lakh Monthly Rent

Jones Lang LaSalle Property Consultants India (JLL) has secured 1.2 lakh sq ft of office space in Hyderabad’s Prestige Skytech, located in Poppalguda, Gandipet Mandal, Ranga Reddy District. The lease agreement, registered on November 28, 2025, comes with a monthly rent of ₹64.1 lakh for a five-year term. The rent will commence on April 15, 2026, following a seven-month fit-out or rent-free period. The agreement includes a security deposit of ₹3.84 crore, as per registration documents accessed by CRE Matrix.

The global property consultancy has leased the 5th and 6th floors of the Sky One building in Prestige Skytech. The rent is set at ₹53 per square foot per month, with common area maintenance (CAM) charges fixed at ₹13 per square foot per month. The transaction also includes 134 parking spaces, with the option to lease additional slots for ₹2,000 each. The lease agreement has a lock-in period of three years from the commencement date.

Prestige Skytech is among the Grade-A commercial developments in Hyderabad’s western corridor, a region that continues to attract large occupiers seeking high-quality office space. The property is rapidly emerging as a magnet within the Financial District, known for its Grade-A work environment and thoughtfully curated amenities.

Juggy Marwaha, CEO of Prestige Group, Office Ventures, expressed delight at the lease agreement: “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. For us, this is yet another validation of the Prestige vision: building workplaces that enable talent, elevate productivity, and become true destinations for global capability centres.”

The transaction is part of a series of significant office space leases in Hyderabad. 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. The additional space, located in WaveRock Tower 2.1 in Nanakramguda, was leased from TSI Business Parks (Hyderabad) Private Limited, with the agreement starting on July 1, 2025. According to Propstack, Apple has taken several office spaces in the project, totaling over 5 lakh sq ft, through multiple leases, with the first lease spanning 2.32 lakh sq ft signed in 2016.

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 underscores the growing importance of Hyderabad in the real estate market, particularly for global capability centers.

Hyderabad’s real estate market continues to attract significant interest from multinational companies, driven by the city’s strategic location, robust infrastructure, and a highly skilled workforce. The leasing activity in the city is expected to remain strong, with more global firms likely to establish or expand their presence in the region.