What is the total area JLL leased in Hyderabad?

JLL leased approximately 1.21 lakh square feet of office space in Hyderabad.

Where is the new JLL office space located?

The new JLL office space is located at Prestige Skytech, Building Sky One, in Poppalguda, Gandipet mandal of Rangareddy district.

What is the lease term and rent for the JLL property?

The lease tenure is 60 months with a lock-in of 36 months, starting at a monthly rent of ₹64.13 lakh.

Home / Business and Economy / JLL Leases Huge Hyderabad Office Space

JLL Leases Huge Hyderabad Office Space

8 Dec

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Summary

JLL leased nearly 1.21 lakh sq ft office space.
The lease is at Prestige Skytech, Poppalguda, Rangareddy.
The deal includes 134 car parking spaces and a 60-month tenure.

Real estate consultancy Jones Lang LaSalle Property Consultants India (JLL) has finalized a significant office space lease, securing approximately 1.21 lakh square feet at Prestige Skytech in Poppalguda, Rangareddy district. The lease agreement commences on April 15, 2026, with a term of 60 months and a lock-in period of 36 months.

The monthly rent begins at ₹64.13 lakh, translating to ₹53 per square foot, with an additional common area maintenance charge of ₹13 per sq ft. The transaction, which includes 134 dedicated car parking spaces, highlights the growing appeal of emerging micro-markets like Poppalguda and Gandipet for large-scale commercial leasing.

This move by JLL reflects a sustained demand for Grade A office spaces in Hyderabad's western corridor. The expanding infrastructure and improving ecosystem in these areas are attracting significant corporate interest, indicating continued long-term commitment to physical office spaces despite evolving work models.