.2 min went through Last Improved: Sep 27 2024|11:56 PM IST.Resource management firm SBI Control has acquired workplace spanning 67,870 square feet at Parinee Cresenzo in Mumbai's Bandra-Kurla Complicated (BKC) for Rs 103 crore, depending on to real estate records system Propstack.The company performed not react to a concern from Company Standard. Visit this site to get in touch with our company on WhatsApp.The offer comes with a time when India's office market is seeing notable requirement.A couple of days ago, Adar Poonawalla, chief executive officer of Cream Principle of India and also manager of Increasing Sun Holdings, got the 1st flooring of Brain IT Playground in Pune for Rs 395 crore. According to current documents, ICICI Prudential Asset Management Company entered a huge workplace package near Mumbai International Flight Terminal for Rs 315 crore. In one more ultra deal, Kinnteista, entrepreneur Rekha Jhunjhunwala's organization, supposedly got industrial space in BKC and Chandivali in Mumbai for Rs 740 crore. Likewise, Reddish Fox IT Infra, a subsidiary of Redbrick Workplaces, is learnt to have gotten numerous workplace in Mumbai in a Rs 260-crore deal..Having said that, a lot of the office bargains are in leasing. Residential or commercial property working as a consultant Cushman & Wakefield, in a current record, said that leasing around the top eight cities is actually expected to go beyond 80 million square feet in 2024. This is being driven through a mix of aspects, consisting of the continuous growth of sectors including IT as well as monetary solutions.And many more, Deloitte Shared Companies leased 80,000 sq ft of office space in Oberoi Commerz III, Mumbai, previously this month. The lease is actually assumed to begin on Nov 1.Morgan Stanley likewise rented 1 thousand sq ft of office space in the very same facility in Mumbai recently. The yearly rental payment, extending over a 10-year time frame, is actually predicted at Rs 192 crore, along with a security deposit of Rs 104.9 crore, according to files.In Bengaluru, real estate gamer RMZ Organization rented 360,000 sq ft of office space to Chevron Global Technology as well as Companies at RMZ Ecoworld 30-series recently. Chevron is actually expected to set up an engineering as well as innovation superiority center within this room.In the first fifty percent of 2024 alone, leasing activity reached 41.9 thousand square feet, standing for the highest possible leasing edition documented for the very first half of any type of year up until now, depending on to field records. This amount make up 56 per cent of the complete gross leasing quantity (GLV) for 2023.Very First Posted: Sep 27 2024|11:56 PM IST.