.2 minutes reviewed Last Improved: Sep 27 2024|11:56 PM IST.Asset administration firm SBI Control has actually purchased office covering 67,870 sq ft at Parinee Cresenzo in Mumbai's Bandra-Kurla Complicated (BKC) for Rs 103 crore, according to realty information system Propstack.The firm did certainly not react to a query coming from Service Standard. Go here to get in touch with our team on WhatsApp.The bargain comes with an opportunity when India's office market is actually observing considerable requirement.A couple of times back, Adar Poonawalla, chief executive officer of Cream Principle of India as well as proprietor of Climbing Sun Holdings, got the initial floor of Brain IT Playground in Pune for Rs 395 crore. Depending on to recent reports, ICICI Prudential Resource Control Company went into a sizable office space bargain near Mumbai International Airport for Rs 315 crore. In an additional huge bargain, Kinnteista, client Rekha Jhunjhunwala's company, supposedly got commercial room in BKC as well as Chandivali in Mumbai for Rs 740 crore. Additionally, Reddish Fox IT Infra, a subsidiary of Redbrick Offices, is learnt to have actually purchased numerous office in Mumbai in a Rs 260-crore bargain..However, a number of the workplace packages reside in leasing. Home consultancy Cushman & Wakefield, in a recent file, pointed out that renting all over the leading eight metropolitan areas is anticipated to go over 80 thousand straight feets in 2024. This is actually being actually driven through a mix of elements, consisting of the continuous development of industries such as IT and also economic companies.And many more, Deloitte Shared Providers leased 80,000 square feet of workplace in Oberoi Commerz III, Mumbai, earlier this month. The lease is actually expected to begin on November 1.Morgan Stanley additionally rented 1 thousand sq ft of office in the very same complex in Mumbai lately. The annual rental fee, crossing a 10-year duration, is estimated at Rs 192 crore, with a down payment of Rs 104.9 crore, depending on to files.In Bengaluru, realty player RMZ Company rented 360,000 square feet of office space to Chevron Global Innovation and Companies at RMZ Ecoworld 30-series recently. Chevron is actually expected to put together an engineering and development superiority centre within this space.In the first fifty percent of 2024 alone, leasing task hit 41.9 thousand square feet, embodying the highest possible leasing volume documented for the first one-half of any type of year so far, according to sector data. This body make up 56 per cent of the total gross leasing volume (GLV) for 2023.Very First Posted: Sep 27 2024|11:56 PM IST.