.2 minutes reviewed Final Upgraded: Sep 27 2024|11:56 PM IST.Resource administration organization SBI Funds Control has actually acquired office spanning 67,870 sq ft at Parinee Cresenzo in Mumbai's Bandra-Kurla Facility (BKC) for Rs 103 crore, depending on to property records system Propstack.The provider performed certainly not react to a query coming from Business Standard. Visit here to associate with us on WhatsApp.The offer comes with an opportunity when India's workplace market is actually watching considerable demand.A few days earlier, Adar Poonawalla, president of Cream Principle of India and proprietor of Rising Sunshine Holdings, purchased the initial floor of Brain IT Park in Pune for Rs 395 crore. According to current reports, ICICI Prudential Property Administration Firm went into a large workplace deal near Mumbai International Flight Terminal for Rs 315 crore. In yet another ultra package, Kinnteista, client Rekha Jhunjhunwala's firm, apparently bought commercial space in BKC and Chandivali in Mumbai for Rs 740 crore. Likewise, Red Fox IT Infra, a subsidiary of Redbrick Offices, is know to have actually gotten several office spaces in Mumbai in a Rs 260-crore package..Nonetheless, many of the office deals are in leasing. Residential property consultancy Cushman & Wakefield, in a latest record, mentioned that leasing across the leading eight metropolitan areas is expected to exceed 80 thousand square feet in 2024. This is actually being steered by a mixture of elements, including the ongoing growth of industries like IT and also financial solutions.To name a few, Deloitte Shared Services rented 80,000 square feet of office space in Oberoi Commerz III, Mumbai, earlier this month. The lease is anticipated to start on Nov 1.Morgan Stanley also rented 1 thousand sq ft of office space in the exact same complex in Mumbai recently. The yearly lease, extending over a 10-year duration, is actually approximated at Rs 192 crore, along with a down payment of Rs 104.9 crore, depending on to records.In Bengaluru, real estate player RMZ Company leased 360,000 sq ft of workplace to Chevron Global Technology and also Services at RMZ Ecoworld 30-series just recently. Chevron is assumed to put together an engineering and also development excellence facility within this space.In the very first one-half of 2024 alone, leasing task hit 41.9 million square foot, working with the best leasing edition recorded for the first half of any sort of year up until now, depending on to business records. This number make up 56 per cent of the total gross leasing volume (GLV) for 2023.First Posted: Sep 27 2024|11:56 PM IST.