.2 minutes checked out Final Upgraded: Sep 27 2024|11:56 PM IST.Resource control firm SBI Funds Administration has actually purchased office covering 67,870 sq ft at Parinee Cresenzo in Mumbai's Bandra-Kurla Complicated (BKC) for Rs 103 crore, according to real estate records platform Propstack.The business carried out not respond to a query from Organization Criterion. Visit here to connect with us on WhatsApp.The deal comes at a time when India's workplace market is seeing considerable need.A few times back, Adar Poonawalla, president of Product Institute of India and also owner of Rising Sunlight Holdings, acquired the first flooring of Cerebrum IT Playground in Pune for Rs 395 crore. According to recent files, ICICI Prudential Resource Management Provider entered into a large office package near Mumbai International Airport Terminal for Rs 315 crore. In another ultra offer, Kinnteista, capitalist Rekha Jhunjhunwala's agency, supposedly got commercial area in BKC and Chandivali in Mumbai for Rs 740 crore. Likewise, Reddish Fox IT Infra, a subsidiary of Redbrick Offices, is actually learnt to have actually purchased many office in Mumbai in a Rs 260-crore bargain..However, a number of the workplace offers are in leasing. Residential or commercial property consultancy Cushman & Wakefield, in a recent record, said that leasing throughout the leading eight metropolitan areas is actually anticipated to go beyond 80 million straight feet in 2024. This is being actually driven by a combination of factors, featuring the continuous development of fields including IT and also economic solutions.To name a few, Deloitte Shared Providers rented 80,000 square foot of office space in Oberoi Commerz III, Mumbai, earlier this month. The lease is anticipated to start on Nov 1.Morgan Stanley additionally rented 1 thousand square feet of office space in the same complicated in Mumbai recently. The yearly rental payment, extending over a 10-year duration, is predicted at Rs 192 crore, along with a down payment of Rs 104.9 crore, according to reports.In Bengaluru, realty gamer RMZ Corporation leased 360,000 square feet of workplace to Chevron Global Technology as well as Solutions at RMZ Ecoworld 30-series just recently. Chevron is actually assumed to put together a design and advancement excellence facility within this space.In the first half of 2024 alone, leasing activity reached 41.9 million square feet, exemplifying the best leasing edition tape-recorded for the initial fifty percent of any year so far, depending on to business records. This figure accounts for 56 per cent of the complete gross leasing amount (GLV) for 2023.Very First Published: Sep 27 2024|11:56 PM IST.