.2 min read Final Updated: Sep 27 2024|11:56 PM IST.Property monitoring agency SBI Finances Control has actually bought office covering 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Facility (BKC) for Rs 103 crore, according to realty information platform Propstack.The provider did certainly not respond to a query from Business Requirement. Click on this link to connect with our company on WhatsApp.The offer comes with a time when India's workplace market is witnessing considerable requirement.A few days earlier, Adar Poonawalla, president of Cream Institute of India as well as proprietor of Climbing Sun Holdings, acquired the initial floor of Cerebrum IT Playground in Pune for Rs 395 crore. According to recent documents, ICICI Prudential Resource Monitoring Firm went into a sizable workplace package near Mumbai International Airport Terminal for Rs 315 crore. In one more huge bargain, Kinnteista, investor Rekha Jhunjhunwala's company, apparently purchased industrial space in BKC and also Chandivali in Mumbai for Rs 740 crore. Additionally, Red Fox IT Infra, a subsidiary of Redbrick Workplaces, is discovered to have acquired many office spaces in Mumbai in a Rs 260-crore deal..However, much of the workplace bargains remain in leasing. Building working as a consultant Cushman & Wakefield, in a current document, claimed that leasing throughout the best 8 areas is actually assumed to go beyond 80 thousand square feets in 2024. This is actually being actually driven by a blend of factors, featuring the continuing development of sectors like IT and monetary solutions.Among others, Deloitte Shared Solutions rented 80,000 sq ft of office space in Oberoi Commerz III, Mumbai, earlier this month. The lease is actually expected to begin on November 1.Morgan Stanley also leased 1 million square feet of workplace in the same complex in Mumbai recently. The yearly rental payment, crossing a 10-year time frame, is approximated at Rs 192 crore, with a down payment of Rs 104.9 crore, depending on to records.In Bengaluru, real estate player RMZ Company rented 360,000 square foot of office space to Chevron Global Technology and also Companies at RMZ Ecoworld 30-series lately. Chevron is actually anticipated to put together a design and also technology superiority centre within this space.In the first one-half of 2024 alone, leasing activity arrived at 41.9 million square foot, standing for the greatest leasing volume documented for the 1st fifty percent of any type of year up until now, according to field data. This body make up 56 per-cent of the total gross leasing volume (GLV) for 2023.Very First Published: Sep 27 2024|11:56 PM IST.