Home / Business and Economy / JLL Leases Huge Hyderabad Office Space
JLL Leases Huge Hyderabad Office Space
8 Dec
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.
