{"id":1210,"date":"2025-12-09T14:22:20","date_gmt":"2025-12-09T08:52:20","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=1210"},"modified":"2026-03-10T16:32:21","modified_gmt":"2026-03-10T11:02:21","slug":"jll-leases-1-2-lakh-sq-ft-at-prestige-skytech-hyderabad-for-%e2%82%b964-lakh-a-month","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/jll-leases-1-2-lakh-sq-ft-at-prestige-skytech-hyderabad-for-%e2%82%b964-lakh-a-month\/","title":{"rendered":"JLL Leases 1.2 Lakh Sq Ft at Prestige Skytech, Hyderabad for \u20b964 Lakh a Month"},"content":{"rendered":"\n

Global real estate consultancy Jones Lang LaSalle Property Consultants India (JLL) has leased 1.21 lakh sq ft of office space at Prestige Skytech \u2013 Sky One in Poppalguda, Gandipet mandal, Hyderabad. The deal highlights growing confidence in the city\u2019s western office corridor.<\/p>\n\n\n\n

According to property registration data accessed from CRE Matrix<\/a>, JLL leased the space from Mrs. Prahathi Madhu at a starting monthly rent of \u20b964.13 lakh. The agreement was registered on November 28, 2025, with a security deposit of \u20b93.85 crore.<\/p>\n\n\n\n

Transaction Details<\/strong><\/h2>\n\n\n\n

The lease covers 1,20,993 sq ft at a starting rent of \u20b953 per sq ft per month. This translates to a monthly outgo of \u20b964.13 lakh. The agreement runs for 60 months and includes a 36-month lock-in period. The deal also provides 134 car parking spaces. In addition, JLL will pay CAM charges of \u20b913 per sq ft per month.<\/p>\n\n\n\n

The property was scheduled for handover on September 15, 2025. However, the rent will start from April 15, 2026, giving JLL a seven-month fit-out or rent-free period. The lease includes a 15% rental escalation after three years from the rent start date.<\/p>\n\n\n\n

Western Corridor Continues to Attract Grade A Demand<\/strong><\/h2>\n\n\n\n

The transaction highlights steady demand for Grade A office space in Hyderabad. Emerging micro-markets such as Poppalguda and Gandipet continue to gain traction. Improved infrastructure and close access to the Financial District support this shift.<\/p>\n\n\n\n

Large office leases by global real estate firms show that corporate occupiers still prefer long-term, high-quality assets. This trend continues despite the rise of hybrid work models. Hyderabad\u2019s western corridor is now strengthening its position as a key hub for large office mandates and institutional-grade developments.<\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights.\u00a0Book a demo now<\/a>!<\/p>\n\n\n\n

Media Mentions<\/em><\/strong><\/h3>\n\n\n\n