.2 minutes went through Last Improved: Sep 27 2024|11:56 PM IST.Asset monitoring firm SBI Funds Management has actually bought workplace extending 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Facility (BKC) for Rs 103 crore, depending on to real estate data system Propstack.The provider performed certainly not react to a concern from Business Criterion. Visit here to connect with our company on WhatsApp.The deal comes with an opportunity when India's office market is experiencing notable need.A few times ago, Adar Poonawalla, president of Product Principle of India as well as owner of Rising Sunshine Holdings, got the initial floor of Cerebrum IT Playground in Pune for Rs 395 crore. Depending on to current files, ICICI Prudential Possession Management Provider got into a sizable office offer near Mumbai International Airport for Rs 315 crore. In one more mega offer, Kinnteista, investor Rekha Jhunjhunwala's company, reportedly got industrial room in BKC as well as Chandivali in Mumbai for Rs 740 crore. Also, Reddish Fox IT Infra, a subsidiary of Redbrick Workplaces, is actually learnt to have actually purchased a number of office spaces in Mumbai in a Rs 260-crore offer..However, most of the office deals remain in leasing. Residential or commercial property working as a consultant Cushman & Wakefield, in a current report, pointed out that renting across the top eight cities is actually assumed to go over 80 million square feets in 2024. This is actually being steered by a combo of aspects, consisting of the continuous development of sectors such as IT as well as economic companies.Among others, Deloitte Shared Companies leased 80,000 sq ft of office in Oberoi Commerz III, Mumbai, previously this month. The lease is actually assumed to begin on Nov 1.Morgan Stanley additionally leased 1 million sq ft of office space in the very same complex in Mumbai lately. The annual rent, extending over a 10-year duration, is determined at Rs 192 crore, along with a security deposit of Rs 104.9 crore, according to files.In Bengaluru, realty gamer RMZ Company leased 360,000 square foot of office space to Chevron Global Innovation and also Solutions at RMZ Ecoworld 30-series just recently. Chevron is actually expected to put together an engineering and advancement excellence centre within this room.In the first half of 2024 alone, leasing task arrived at 41.9 thousand square foot, working with the highest leasing volume taped for the first half of any type of year up until now, depending on to sector records. This figure accounts for 56 per-cent of the complete gross leasing quantity (GLV) for 2023.1st Published: Sep 27 2024|11:56 PM IST.