.2 min went through Final Upgraded: Sep 27 2024|11:56 PM IST.Property control firm SBI Management has bought office space extending 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Complicated (BKC) for Rs 103 crore, according to property records system Propstack.The firm did certainly not reply to a question from Service Requirement. Click here to associate with our team on WhatsApp.The offer comes with a time when India's office market is watching significant need.A couple of times earlier, Adar Poonawalla, ceo of Serum Principle of India as well as owner of Rising Sun Holdings, purchased the first flooring of Cerebrum IT Playground in Pune for Rs 395 crore. According to latest reports, ICICI Prudential Property Control Company got into a big office bargain near Mumbai International Airport for Rs 315 crore. In one more mega bargain, Kinnteista, client Rekha Jhunjhunwala's firm, apparently acquired commercial space in BKC as well as Chandivali in Mumbai for Rs 740 crore. Also, Reddish Fox IT Infra, a subsidiary of Redbrick Offices, is actually know to have actually bought numerous workplace in Mumbai in a Rs 260-crore offer..Nevertheless, most of the office offers remain in leasing. Building working as a consultant Cushman & Wakefield, in a recent document, stated that leasing across the leading 8 cities is actually expected to exceed 80 thousand straight feets in 2024. This is actually being actually steered through a mixture of elements, consisting of the continuous growth of markets like IT and also economic solutions.Among others, Deloitte Shared Companies leased 80,000 square foot of office in Oberoi Commerz III, Mumbai, earlier this month. The lease is actually assumed to start on Nov 1.Morgan Stanley also rented 1 thousand square feet of workplace in the same complicated in Mumbai just recently. The yearly rent, crossing a 10-year time period, is actually approximated at Rs 192 crore, with a security deposit of Rs 104.9 crore, depending on to records.In Bengaluru, real estate gamer RMZ Firm rented 360,000 square feet of workplace to Chevron Global Modern Technology and also Companies at RMZ Ecoworld 30-series lately. Chevron is actually assumed to set up a design and advancement superiority facility within this area.In the 1st fifty percent of 2024 alone, leasing task arrived at 41.9 thousand sq ft, standing for the best leasing edition captured for the very first half of any type of year so far, depending on to field information. This figure make up 56 per-cent of the complete gross leasing quantity (GLV) for 2023.Initial Published: Sep 27 2024|11:56 PM IST.