.2 minutes checked out Last Improved: Sep 27 2024|11:56 PM IST.Asset administration firm SBI Funds Monitoring has bought office extending 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Complex (BKC) for Rs 103 crore, according to real estate information system Propstack.The provider performed not react to an inquiry from Service Requirement. Visit here to connect with our team on WhatsApp.The deal comes at an opportunity when India's workplace market is watching notable requirement.A couple of times earlier, Adar Poonawalla, ceo of Product Institute of India and also proprietor of Climbing Sun Holdings, acquired the initial floor of Cerebrum IT Park in Pune for Rs 395 crore. Depending on to latest reports, ICICI Prudential Possession Control Provider entered a huge office space bargain near Mumbai International Airport for Rs 315 crore. In yet another ultra bargain, Kinnteista, capitalist Rekha Jhunjhunwala's firm, supposedly acquired commercial room in BKC and Chandivali in Mumbai for Rs 740 crore. Additionally, Reddish Fox IT Infra, a subsidiary of Redbrick Offices, is actually learnt to have actually gotten several workplace in Mumbai in a Rs 260-crore offer..Nonetheless, a number of the office packages reside in leasing. Building consultancy Cushman & Wakefield, in a latest file, stated that renting around the leading eight urban areas is actually anticipated to exceed 80 thousand straight feet in 2024. This is being steered through a combo of aspects, including the ongoing development of sectors such as IT and financial services.Among others, Deloitte Shared Solutions leased 80,000 sq ft of office space in Oberoi Commerz III, Mumbai, earlier this month. The lease is actually expected to start on Nov 1.Morgan Stanley additionally leased 1 thousand square feet of office space in the very same complicated in Mumbai recently. The yearly rental fee, extending over a 10-year time period, is determined at Rs 192 crore, with a down payment of Rs 104.9 crore, depending on to reports.In Bengaluru, realty gamer RMZ Corporation leased 360,000 sq ft of office space to Chevron Global Modern Technology and Companies at RMZ Ecoworld 30-series just recently. Chevron is expected to set up a design and also development distinction facility within this room.In the very first one-half of 2024 alone, leasing task got to 41.9 thousand sq ft, representing the greatest leasing edition documented for the initial one-half of any sort of year up until now, depending on to business data. This amount represent 56 per-cent of the total gross leasing volume (GLV) for 2023.Initial Posted: Sep 27 2024|11:56 PM IST.