.2 min checked out Last Upgraded: Sep 27 2024|11:56 PM IST.Property administration company SBI Control has acquired office space covering 67,870 square feet at Parinee Cresenzo in Mumbai's Bandra-Kurla Complicated (BKC) for Rs 103 crore, depending on to real estate information platform Propstack.The provider did certainly not respond to a concern coming from Company Standard. Visit here to get in touch with us on WhatsApp.The offer comes with a time when India's workplace market is seeing significant demand.A couple of days ago, Adar Poonawalla, president of Lotion Principle of India as well as manager of Increasing Sunlight Holdings, acquired the first floor of Brain IT Playground in Pune for Rs 395 crore. Depending on to current records, ICICI Prudential Resource Administration Business entered a sizable office space package near Mumbai International Flight Terminal for Rs 315 crore. In yet another huge offer, Kinnteista, capitalist Rekha Jhunjhunwala's firm, reportedly bought office room in BKC and Chandivali in Mumbai for Rs 740 crore. Also, Red Fox IT Infra, a subsidiary of Redbrick Workplaces, is actually learnt to have actually acquired numerous office in Mumbai in a Rs 260-crore package..Having said that, many of the office bargains reside in leasing. Home consultancy Cushman & Wakefield, in a current record, stated that leasing all over the leading 8 areas is actually expected to go beyond 80 million straight feets in 2024. This is being actually driven by a combination of elements, featuring the continuing growth of fields such as IT and economic services.To name a few, Deloitte Shared Services rented 80,000 square feet of workplace in Oberoi Commerz III, Mumbai, previously this month. The lease is expected to start on Nov 1.Morgan Stanley also leased 1 thousand sq ft of office space in the exact same facility in Mumbai recently. The yearly rent, extending over a 10-year time period, is actually estimated at Rs 192 crore, with a down payment of Rs 104.9 crore, depending on to records.In Bengaluru, realty player RMZ Organization leased 360,000 square feet of office space to Chevron Global Modern Technology and Services at RMZ Ecoworld 30-series lately. Chevron is anticipated to put together a design as well as innovation superiority center within this area.In the very first fifty percent of 2024 alone, leasing activity arrived at 41.9 thousand sq ft, working with the highest possible leasing volume tape-recorded for the first one-half of any type of year thus far, depending on to business records. This amount represent 56 percent of the total gross leasing amount (GLV) for 2023.Initial Published: Sep 27 2024|11:56 PM IST.