.2 minutes reviewed Final Updated: Sep 27 2024|11:56 PM IST.Resource management agency SBI Funds Monitoring has purchased office space stretching over 67,870 square feet at Parinee Cresenzo in Mumbai's Bandra-Kurla Complex (BKC) for Rs 103 crore, according to real estate data platform Propstack.The firm carried out not reply to a concern coming from Service Criterion. Click here to associate with us on WhatsApp.The bargain comes with an opportunity when India's workplace market is actually experiencing notable requirement.A couple of days back, Adar Poonawalla, chief executive officer of Cream Institute of India and also manager of Increasing Sun Holdings, purchased the first floor of Cerebrum IT Park in Pune for Rs 395 crore. According to current reports, ICICI Prudential Possession Monitoring Business entered a big workplace deal near Mumbai International Airport for Rs 315 crore. In one more mega offer, Kinnteista, entrepreneur Rekha Jhunjhunwala's organization, apparently bought commercial area in BKC and Chandivali in Mumbai for Rs 740 crore. Additionally, Reddish Fox IT Infra, a subsidiary of Redbrick Offices, is know to have actually gotten a number of workplace in Mumbai in a Rs 260-crore offer..Nonetheless, many of the office packages are in leasing. Property working as a consultant Cushman & Wakefield, in a latest report, said that leasing around the best eight urban areas is expected to go beyond 80 million straight feets in 2024. This is actually being actually steered by a combo of variables, featuring the continuous development of sectors including IT and financial services.Among others, Deloitte Shared Companies leased 80,000 sq ft of office space in Oberoi Commerz III, Mumbai, earlier this month. The lease is anticipated to start on November 1.Morgan Stanley additionally rented 1 million square foot of workplace in the same facility in Mumbai lately. The annual lease, crossing a 10-year period, is actually estimated at Rs 192 crore, with a down payment of Rs 104.9 crore, depending on to documents.In Bengaluru, realty gamer RMZ Company leased 360,000 sq ft of office space to Chevron Global Technology and Companies at RMZ Ecoworld 30-series recently. Chevron is actually assumed to set up an engineering as well as development superiority center within this space.In the initial one-half of 2024 alone, leasing activity reached 41.9 thousand sq ft, working with the greatest leasing edition videotaped for the 1st one-half of any sort of year up until now, depending on to field data. This amount make up 56 per cent of the complete gross leasing quantity (GLV) for 2023.First Published: Sep 27 2024|11:56 PM IST.