.2 min reviewed Last Upgraded: Sep 27 2024|11:56 PM IST.Possession management organization SBI Dollars Control has actually obtained office covering 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Facility (BKC) for Rs 103 crore, depending on to realty data platform Propstack.The business performed not respond to a concern coming from Service Criterion. Click on this link to get in touch with our company on WhatsApp.The deal comes with a time when India's office market is actually witnessing notable need.A few days back, Adar Poonawalla, chief executive officer of Lotion Institute of India and also owner of Increasing Sunshine Holdings, got the first flooring of Brain IT Playground in Pune for Rs 395 crore. Depending on to latest files, ICICI Prudential Asset Control Company got in a large office space package near Mumbai International Airport Terminal for Rs 315 crore. In an additional ultra package, Kinnteista, client Rekha Jhunjhunwala's organization, apparently got business room in BKC and also Chandivali in Mumbai for Rs 740 crore. Likewise, Red Fox IT Infra, a subsidiary of Redbrick Offices, is know to have acquired a number of office spaces in Mumbai in a Rs 260-crore offer..Nonetheless, most of the workplace deals are in leasing. Building working as a consultant Cushman & Wakefield, in a latest report, stated that renting across the best eight areas is actually assumed to surpass 80 million straight feet in 2024. This is being actually steered by a combo of variables, consisting of the continuous growth of industries like IT as well as monetary companies.Among others, Deloitte Shared Companies leased 80,000 square feet of workplace in Oberoi Commerz III, Mumbai, previously this month. The lease is actually expected to start on Nov 1.Morgan Stanley also leased 1 thousand square feet of office space in the same complex in Mumbai recently. The annual rental payment, extending over a 10-year time period, is actually predicted at Rs 192 crore, with a down payment of Rs 104.9 crore, depending on to reports.In Bengaluru, realty gamer RMZ Corporation leased 360,000 sq ft of office space to Chevron Global Modern Technology as well as Services at RMZ Ecoworld 30-series lately. Chevron is expected to establish a design as well as technology superiority facility within this room.In the initial half of 2024 alone, leasing task hit 41.9 thousand square feet, working with the greatest leasing volume documented for the very first fifty percent of any kind of year up until now, according to sector data. This number represent 56 per-cent of the overall gross leasing quantity (GLV) for 2023.First Posted: Sep 27 2024|11:56 PM IST.