.2 min reviewed Last Upgraded: Sep 27 2024|11:56 PM IST.Possession administration organization SBI Dollars Administration has bought workplace covering 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Facility (BKC) for Rs 103 crore, according to real estate data platform Propstack.The firm carried out not react to a query coming from Service Specification. Click on this link to get in touch with us on WhatsApp.The package comes with a time when India's office market is watching considerable need.A few days ago, Adar Poonawalla, president of Lotion Principle of India and proprietor of Climbing Sunlight Holdings, purchased the initial floor of Brain IT Playground in Pune for Rs 395 crore. Depending on to latest documents, ICICI Prudential Property Control Business got in a large office space deal near Mumbai International Airport Terminal for Rs 315 crore. In one more mega deal, Kinnteista, entrepreneur Rekha Jhunjhunwala's organization, supposedly got industrial room in BKC and also Chandivali in Mumbai for Rs 740 crore. Also, Reddish Fox IT Infra, a subsidiary of Redbrick Workplaces, is actually found out to have purchased several workplace in Mumbai in a Rs 260-crore bargain..Nonetheless, a number of the workplace deals remain in leasing. Property working as a consultant Cushman & Wakefield, in a recent report, stated that leasing around the leading eight cities is actually expected to exceed 80 thousand square feets in 2024. This is actually being actually steered by a blend of variables, featuring the continued development of fields including IT and financial companies.To name a few, Deloitte Shared Services rented 80,000 square foot of office space in Oberoi Commerz III, Mumbai, previously this month. The lease is expected to start on November 1.Morgan Stanley also rented 1 thousand sq ft of workplace in the exact same complex in Mumbai just recently. The annual rental fee, crossing a 10-year duration, is actually approximated at Rs 192 crore, with a down payment of Rs 104.9 crore, depending on to documents.In Bengaluru, real estate player RMZ Organization leased 360,000 sq ft of office space to Chevron Global Innovation as well as Services at RMZ Ecoworld 30-series lately. Chevron is anticipated to set up an engineering as well as innovation excellence center within this room.In the very first half of 2024 alone, leasing activity got to 41.9 million square foot, standing for the best leasing edition documented for the first half of any year up until now, according to field information. This figure represent 56 per-cent of the overall gross leasing quantity (GLV) for 2023.1st Released: Sep 27 2024|11:56 PM IST.