.2 minutes checked out Last Updated: Sep 27 2024|11:56 PM IST.Asset control company SBI Dollars Management has bought office extending 67,870 square feet at Parinee Cresenzo in Mumbai's Bandra-Kurla Complex (BKC) for Rs 103 crore, depending on to property data platform Propstack.The business performed not react to a question coming from Service Requirement. Click on this link to get in touch with our team on WhatsApp.The deal comes at an opportunity when India's office market is actually experiencing notable requirement.A couple of days back, Adar Poonawalla, chief executive officer of Serum Institute of India and proprietor of Climbing Sun Holdings, purchased the very first floor of Cerebrum IT Park in Pune for Rs 395 crore. According to recent records, ICICI Prudential Property Administration Business went into a big office deal near Mumbai International Flight Terminal for Rs 315 crore. In yet another huge package, Kinnteista, investor Rekha Jhunjhunwala's organization, apparently got industrial space in BKC and also Chandivali in Mumbai for Rs 740 crore. Likewise, Red Fox IT Infra, a subsidiary of Redbrick Workplaces, is learnt to have actually gotten many workplace in Mumbai in a Rs 260-crore package..Nonetheless, much of the workplace deals reside in leasing. Building working as a consultant Cushman & Wakefield, in a recent report, said that renting throughout the leading 8 metropolitan areas is anticipated to exceed 80 million straight feet in 2024. This is actually being actually driven through a combo of elements, including the continued growth of industries such as IT and financial solutions.And many more, Deloitte Shared Solutions leased 80,000 sq ft of workplace in Oberoi Commerz III, Mumbai, earlier this month. The lease is expected to begin on Nov 1.Morgan Stanley additionally leased 1 thousand sq ft of workplace in the same complex in Mumbai recently. The annual rent, crossing a 10-year time period, is actually approximated at Rs 192 crore, with a security deposit of Rs 104.9 crore, according to documents.In Bengaluru, real estate player RMZ Corporation rented 360,000 sq ft of office to Chevron Global Innovation and also Provider at RMZ Ecoworld 30-series lately. Chevron is actually expected to set up an engineering and technology superiority facility within this space.In the 1st fifty percent of 2024 alone, leasing task hit 41.9 thousand square feet, exemplifying the highest possible leasing edition taped for the 1st one-half of any kind of year until now, depending on to field data. This number represent 56 per-cent of the complete gross leasing volume (GLV) for 2023.Very First Published: Sep 27 2024|11:56 PM IST.