Jones Lang LaSalle Property Consultants India (JLL) has leased 1.2 lakh sq ft of office space at Hyderabad’s Prestige Skytech for a monthly rent of ₹64.1 lakh, marking one of the city’s significant Grade-A commercial transactions this year, according to 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, situated in Poppalguda, Gandipet Mandal, Ranga Reddy District. The agreement includes a security deposit of ₹3.84 crore, the document showed.

The transaction was registered on November 28, 2025, and the lease commenced on September 15, 2025. The rent will commence on April 15, 2026, for a period of five years, as per the document.

As per the documents, the rent will be increased by 15% every three years. The company paid rent at ₹53 per square foot per month, and the common area maintenance (CAM) charges were fixed at ₹13 per square foot per month, the document showed.

The transaction includes 134 parking spaces, and the company can lease additional parking slots for ₹2,000 each. JLL will receive a seven-month fit-out or rent-free period, and the transaction has a lock-in period of three years starting from the lease commencement date, the document showed.

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.

A list of queries has been sent to JLL and Prestige Group. The story will be updated if a response is received.

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.