.2 minutes checked out Last Updated: Sep 27 2024|11:56 PM IST.Resource management company SBI Finances Management has bought office reaching 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Complicated (BKC) for Rs 103 crore, depending on to real estate information system Propstack.The business carried out not respond to a query coming from Service Requirement. Click here to get in touch with our team on WhatsApp.The bargain comes at an opportunity when India's office market is actually witnessing considerable demand.A few days back, Adar Poonawalla, ceo of Serum Institute of India and manager of Rising Sun Holdings, purchased the very first floor of Brain IT Playground in Pune for Rs 395 crore. Depending on to latest reports, ICICI Prudential Resource Control Company entered a big office space bargain near Mumbai International Airport for Rs 315 crore. In one more mega deal, Kinnteista, real estate investor Rekha Jhunjhunwala's agency, reportedly bought office room in BKC and Chandivali in Mumbai for Rs 740 crore. Additionally, Reddish Fox IT Infra, a subsidiary of Redbrick Workplaces, is actually know to have actually bought many workplace in Mumbai in a Rs 260-crore package..However, much of the office packages are in leasing. Property working as a consultant Cushman & Wakefield, in a recent file, said that renting across the best 8 metropolitan areas is actually anticipated to go over 80 thousand straight feets in 2024. This is actually being actually driven by a blend of factors, featuring the continuing growth of markets such as IT and monetary companies.To name a few, Deloitte Shared Providers rented 80,000 square feet of workplace in Oberoi Commerz III, Mumbai, earlier this month. The lease is actually assumed to begin on November 1.Morgan Stanley likewise rented 1 thousand square feet of office in the very same complex in Mumbai lately. The annual rental fee, crossing a 10-year time frame, is actually estimated at Rs 192 crore, with a down payment of Rs 104.9 crore, depending on to reports.In Bengaluru, realty player RMZ Corporation leased 360,000 square foot of office to Chevron Global Technology and also Solutions at RMZ Ecoworld 30-series recently. Chevron is anticipated to set up a design and also development distinction center within this space.In the first one-half of 2024 alone, leasing task reached 41.9 million square feet, exemplifying the greatest leasing edition taped for the very first one-half of any type of year until now, according to market data. This body make up 56 percent of the complete gross leasing volume (GLV) for 2023.Initial Published: Sep 27 2024|11:56 PM IST.