.2 min reviewed Last Upgraded: Sep 27 2024|11:56 PM IST.Property administration agency SBI Finances Management has actually acquired workplace covering 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Complex (BKC) for Rs 103 crore, according to realty information system Propstack.The provider carried out not react to a query from Company Specification. Click here to associate with our team on WhatsApp.The deal comes with an opportunity when India's office market is actually witnessing substantial demand.A few times earlier, Adar Poonawalla, ceo of Serum Principle of India and also owner of Rising Sunshine Holdings, purchased the 1st floor of Brain IT Park in Pune for Rs 395 crore. Depending on to current files, ICICI Prudential Resource Management Company entered a large office offer near Mumbai International Airport for Rs 315 crore. In one more ultra offer, Kinnteista, client Rekha Jhunjhunwala's firm, supposedly bought office space in BKC as well as Chandivali in Mumbai for Rs 740 crore. Additionally, Reddish Fox IT Infra, a subsidiary of Redbrick Offices, is know to have acquired many workplace in Mumbai in a Rs 260-crore bargain..Having said that, many of the office bargains remain in leasing. Residential property working as a consultant Cushman & Wakefield, in a recent document, mentioned that renting all over the best 8 urban areas is anticipated to exceed 80 thousand square feet in 2024. This is being driven through a mix of elements, consisting of the continuing growth of fields including IT and also monetary services.And many more, Deloitte Shared Solutions rented 80,000 square foot of office in Oberoi Commerz III, Mumbai, previously this month. The lease is actually anticipated to begin on Nov 1.Morgan Stanley likewise rented 1 million square feet of workplace in the exact same complicated in Mumbai recently. The annual rental payment, extending over a 10-year duration, is actually approximated at Rs 192 crore, with a security deposit of Rs 104.9 crore, according to reports.In Bengaluru, realty gamer RMZ Company rented 360,000 sq ft of office space to Chevron Global Technology as well as Provider at RMZ Ecoworld 30-series lately. Chevron is expected to establish an engineering and innovation distinction center within this room.In the initial half of 2024 alone, leasing activity reached 41.9 thousand square feet, standing for the highest possible leasing volume taped for the 1st fifty percent of any type of year so far, according to market data. This figure make up 56 per cent of the complete gross leasing volume (GLV) for 2023.1st Posted: Sep 27 2024|11:56 PM IST.