Jones Lang LaSalle Property Consultants India (JLL), a global real estate services firm, has secured a significant lease deal in Hyderabad’s western corridor. The consultancy has leased 1.2 lakh square feet of premium office space at Prestige Skytech for a monthly rental of ₹64.1 lakh.
Key Highlights
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Tenant: Jones Lang LaSalle Property Consultants India (JLL)
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Property: Prestige Skytech (Sky One Building), Poppalguda, Hyderabad
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Area: ~1.2 Lakh Sq Ft (5th and 6th Floors)
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Monthly Rent: ₹64.1 Lakh (approx. ₹53 per sq ft)
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Lease Term: 5 Years
Deal Structure & Financials
According to registration documents accessed by data analytics firm CRE Matrix, the transaction was registered on November 28, 2025.
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Rental Rate: The base rent is set at ₹53 per sq ft per month, with an additional Common Area Maintenance (CAM) charge of ₹13 per sq ft.
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Security Deposit: JLL has paid a security deposit of ₹3.84 crore.
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Escalation Clause: The agreement includes a rental escalation of 15% every three years.
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Timeline: The lease officially commenced on September 15, 2025, but the rent payment will begin on April 15, 2026, following a seven-month rent-free fit-out period.
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Amenities: The deal includes 134 parking spaces, with an option to lease additional slots at ₹2,000 each.
Market Context: Hyderabad’s Office Boom
This transaction highlights the continued demand for Grade-A office space in Hyderabad’s western corridor. It follows other recent high-profile deals in the city:
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WeWork & JP Morgan: WeWork India recently leased 1.75 lakh sq ft at Skyview 20, sub-leasing the entire space to JP Morgan Services India at a starting rent of ₹4.38 crore/month.
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Apple India: In September, Apple leased an additional 64,125 sq ft at WaveRock Tower 2.1 for ₹80.15 lakh/month.
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Mindspace REIT: The entity recently acquired an 8.1 lakh sq ft commercial complex in the city for ₹512 crore.
Source: Hindustan Times, CRE Matrix
Also read, JPMorgan Chase Leases 176,000 Sq Ft Office Space in Hyderabad for Major 2025 Expansion
