Hyderabad’s Grade-A office market continues to deepen its appeal to global occupiers, with a leading international property consultancy finalising a significant lease at a major commercial development in the western corridor. The 1.2 lakh sq ft agreement at Prestige Skytech reflects the city’s rising preference for high-quality, future-ready workspaces aligned with the needs of growing capability centres.
According to registration documents reviewed by market trackers, the consultancy has taken two contiguous floors in the Sky One block for a five-year term at a monthly rent exceeding Rs 64 lakh. The deal was registered in late November, while the rental cycle begins in mid-April next year, following a seven-month fit-out period. Sector analysts say the structured lease timeline reflects a broader shift toward long-term occupancy planning in India’s technology hubs, particularly as firms seek efficient and equitable work environments. The agreement carries a security deposit of Rs 3.84 crore and includes the provision of 134 parking spaces, with the option to secure additional slots at a fixed charge. Rents will escalate by 15% every three years, in line with prevailing commercial norms. An industry expert noted that such escalations indicate steady confidence in Hyderabad’s office absorption capacity, even as companies rethink workplace density and sustainability outcomes. Prestige Skytech, located in the fast-growing Financial District, is part of a cluster of Grade-A assets drawing multinational occupiers. A senior executive associated with the project said the development aims to offer an inclusive, well-serviced ecosystem that supports productivity while reducing long-term environmental impact through energy-efficient design and mixed-use amenities. The emphasis, they added, is on creating equitable and low-carbon spaces that can accommodate a diverse workforce.
Hyderabad has seen a consistent flow of sizeable office transactions this year. Earlier in December, a major co-working operator secured 1.75 lakh sq ft at a leading tech park and subsequently sub-leased the space to a global financial services major. The deal, valued at over Rs 1.7 crore in monthly rentals, underscores the continued relevance of flexible workspace providers in large occupier strategies. Similarly, a prominent technology company expanded its footprint by taking more than 64,000 sq ft at a business park in Nanakramguda, reinforcing the area’s status as a preferred location for global capability centres. Market experts attribute the sustained momentum to Hyderabad’s infrastructure expansion, diverse talent base, and the growing emphasis on resilient office design.
As Indian cities transition towards low-carbon, socially inclusive growth, leasing patterns are increasingly shaped by occupiers’ need for accessible, sustainable workplaces. Hyderabad’s latest round of deals suggests that its commercial districts are evolving in this direction prioritising energy efficiency, safe public access, and integrated urban amenities. The city’s ability to keep offering fair, flexible and high-quality office space will determine how equitably it can support its expanding workforce in the years ahead.
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