.2 minutes reviewed Last Upgraded: Sep 27 2024|11:56 PM IST.Asset monitoring organization SBI Finances Management has actually acquired workplace reaching 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Complicated (BKC) for Rs 103 crore, according to realty data platform Propstack.The business did certainly not reply to a query from Organization Standard. Click on this link to connect with us on WhatsApp.The package comes at an opportunity when India's office market is actually watching significant need.A couple of days back, Adar Poonawalla, chief executive officer of Cream Principle of India as well as proprietor of Increasing Sunlight Holdings, acquired the 1st flooring of Brain IT Park in Pune for Rs 395 crore. Depending on to current files, ICICI Prudential Possession Management Provider got into a big office bargain near Mumbai International Airport Terminal for Rs 315 crore. In an additional mega bargain, Kinnteista, capitalist Rekha Jhunjhunwala's firm, reportedly acquired industrial area in BKC and also Chandivali in Mumbai for Rs 740 crore. Likewise, Red Fox IT Infra, a subsidiary of Redbrick Workplaces, is actually learnt to have bought a number of office spaces in Mumbai in a Rs 260-crore deal..However, much of the office bargains are in leasing. Building consultancy Cushman & Wakefield, in a latest record, stated that leasing throughout the top 8 metropolitan areas is assumed to go over 80 million square feets in 2024. This is being actually driven by a mix of elements, consisting of the continuous growth of markets including IT as well as monetary solutions.To name a few, Deloitte Shared Solutions rented 80,000 square foot of office in Oberoi Commerz III, Mumbai, previously this month. The lease is actually assumed to start on November 1.Morgan Stanley additionally rented 1 thousand square feet of office in the exact same facility in Mumbai lately. The yearly rent, crossing a 10-year time frame, is actually predicted at Rs 192 crore, along with a security deposit of Rs 104.9 crore, according to documents.In Bengaluru, realty player RMZ Company rented 360,000 square feet of office to Chevron Global Technology as well as Provider at RMZ Ecoworld 30-series lately. Chevron is actually expected to put together an engineering as well as advancement quality centre within this space.In the initial fifty percent of 2024 alone, leasing activity arrived at 41.9 thousand square foot, representing the highest possible leasing edition tape-recorded for the initial one-half of any type of year so far, depending on to market information. This body make up 56 per cent of the overall gross leasing volume (GLV) for 2023.First Released: Sep 27 2024|11:56 PM IST.