.2 minutes read Last Improved: Sep 27 2024|11:56 PM IST.Asset administration firm SBI Control has actually acquired office extending 67,870 square feet at Parinee Cresenzo in Mumbai's Bandra-Kurla Complex (BKC) for Rs 103 crore, according to real estate records platform Propstack.The firm did certainly not respond to a concern coming from Organization Specification. Visit here to connect with our company on WhatsApp.The package comes with a time when India's workplace market is actually seeing substantial demand.A handful of days back, Adar Poonawalla, president of Cream Principle of India and proprietor of Increasing Sun Holdings, bought the 1st flooring of Cerebrum IT Park in Pune for Rs 395 crore. Depending on to latest documents, ICICI Prudential Resource Management Provider got into a large office deal near Mumbai International Airport Terminal for Rs 315 crore. In one more huge bargain, Kinnteista, entrepreneur Rekha Jhunjhunwala's organization, apparently purchased business room in BKC as well as Chandivali in Mumbai for Rs 740 crore. Also, Red Fox IT Infra, a subsidiary of Redbrick Offices, is discovered to have actually bought numerous workplace in Mumbai in a Rs 260-crore deal..Having said that, a lot of the office packages remain in leasing. Home consultancy Cushman & Wakefield, in a recent report, mentioned that renting across the leading 8 metropolitan areas is anticipated to go beyond 80 million square feet in 2024. This is actually being driven through a mix of elements, including the ongoing development of industries such as IT and economic solutions.To name a few, Deloitte Shared Services leased 80,000 square foot of office space in Oberoi Commerz III, Mumbai, earlier this month. The lease is actually expected to begin on November 1.Morgan Stanley likewise leased 1 million sq ft of workplace in the same complex in Mumbai just recently. The yearly lease, crossing a 10-year period, is actually predicted at Rs 192 crore, with a down payment of Rs 104.9 crore, depending on to files.In Bengaluru, realty gamer RMZ Firm rented 360,000 square feet of office space to Chevron Global Modern Technology and Companies at RMZ Ecoworld 30-series lately. Chevron is actually assumed to establish an engineering and also advancement distinction center within this room.In the 1st fifty percent of 2024 alone, leasing activity reached 41.9 thousand sq ft, embodying the highest possible leasing volume tape-recorded for the very first fifty percent of any sort of year up until now, depending on to field records. This amount make up 56 percent of the complete gross leasing amount (GLV) for 2023.Very First Published: Sep 27 2024|11:56 PM IST.