.2 minutes read Last Upgraded: Sep 27 2024|11:56 PM IST.Possession monitoring agency SBI Dollars Management has actually purchased workplace extending 67,870 sq ft at Parinee Cresenzo in Mumbai's Bandra-Kurla Complex (BKC) for Rs 103 crore, according to property records platform Propstack.The company performed not reply to a question coming from Business Requirement. Visit this site to associate with us on WhatsApp.The package comes with a time when India's office market is witnessing significant need.A couple of days earlier, Adar Poonawalla, chief executive officer of Cream Institute of India and owner of Rising Sun Holdings, got the initial floor of Cerebrum IT Park in Pune for Rs 395 crore. Depending on to current reports, ICICI Prudential Resource Administration Firm got into a sizable office space package near Mumbai International Flight Terminal for Rs 315 crore. In yet another mega deal, Kinnteista, financier Rekha Jhunjhunwala's agency, supposedly got office room in BKC as well as Chandivali in Mumbai for Rs 740 crore. Also, Reddish Fox IT Infra, a subsidiary of Redbrick Offices, is discovered to have acquired several workplace in Mumbai in a Rs 260-crore package..Nonetheless, many of the office deals remain in leasing. Building working as a consultant Cushman & Wakefield, in a current file, claimed that leasing throughout the top 8 urban areas is actually anticipated to go beyond 80 million straight feets in 2024. This is being driven by a mix of elements, consisting of the continuing development of markets like IT as well as economic companies.To name a few, Deloitte Shared Companies rented 80,000 square feet of office in Oberoi Commerz III, Mumbai, previously this month. The lease is actually assumed to start on November 1.Morgan Stanley likewise leased 1 million square feet of workplace in the exact same complex in Mumbai lately. The yearly rental fee, extending over a 10-year time frame, is actually approximated at Rs 192 crore, along with a security deposit of Rs 104.9 crore, according to records.In Bengaluru, real estate player RMZ Firm rented 360,000 square foot of office space to Chevron Global Modern Technology as well as Solutions at RMZ Ecoworld 30-series lately. Chevron is actually anticipated to put together an engineering and also innovation superiority center within this space.In the initial half of 2024 alone, leasing activity got to 41.9 million square feet, embodying the greatest leasing volume documented for the very first half of any type of year up until now, according to field information. This number make up 56 percent of the complete gross leasing quantity (GLV) for 2023.Very First Posted: Sep 27 2024|11:56 PM IST.