.2 min reviewed Last Upgraded: Sep 27 2024|11:56 PM IST.Property management agency SBI Dollars Management has acquired workplace extending 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Complicated (BKC) for Rs 103 crore, depending on to real property data platform Propstack.The provider carried out certainly not reply to a concern from Organization Standard. Visit here to connect with our company on WhatsApp.The deal comes at an opportunity when India's office market is actually watching significant demand.A handful of times earlier, Adar Poonawalla, ceo of Lotion Principle of India and manager of Increasing Sunshine Holdings, bought the 1st flooring of Cerebrum IT Playground in Pune for Rs 395 crore. According to current reports, ICICI Prudential Possession Administration Company went into a sizable office offer near Mumbai International Airport Terminal for Rs 315 crore. In yet another mega offer, Kinnteista, client Rekha Jhunjhunwala's organization, reportedly purchased business room in BKC and Chandivali in Mumbai for Rs 740 crore. Additionally, Red Fox IT Infra, a subsidiary of Redbrick Workplaces, is actually discovered to have bought several workplace in Mumbai in a Rs 260-crore deal..Nonetheless, a number of the workplace bargains remain in leasing. Residential or commercial property consultancy Cushman & Wakefield, in a current document, stated that renting all over the best eight areas is actually expected to go beyond 80 thousand straight feet in 2024. This is being driven by a combination of factors, consisting of the continuous development of sectors like IT and financial services.Among others, Deloitte Shared Companies leased 80,000 square foot of office space in Oberoi Commerz III, Mumbai, previously this month. The lease is actually anticipated to start on November 1.Morgan Stanley additionally leased 1 million square foot of office space in the exact same complex in Mumbai lately. The yearly lease, extending over a 10-year time period, is estimated at Rs 192 crore, with a down payment of Rs 104.9 crore, according to records.In Bengaluru, real estate player RMZ Organization leased 360,000 sq ft of office to Chevron Global Technology as well as Provider at RMZ Ecoworld 30-series just recently. Chevron is anticipated to establish an engineering and also advancement distinction center within this area.In the very first half of 2024 alone, leasing activity arrived at 41.9 million sq ft, working with the greatest leasing volume recorded for the 1st fifty percent of any sort of year so far, depending on to sector records. This figure accounts for 56 per-cent of the total gross leasing quantity (GLV) for 2023.Very First Posted: Sep 27 2024|11:56 PM IST.