.2 min read Final Updated: Sep 27 2024|11:56 PM IST.Resource management company SBI Dollars Administration has acquired workplace stretching over 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Complicated (BKC) for Rs 103 crore, depending on to real estate data system Propstack.The business performed certainly not react to a concern coming from Company Standard. Visit here to get in touch with us on WhatsApp.The deal comes with a time when India's office market is actually seeing substantial demand.A handful of days ago, Adar Poonawalla, chief executive officer of Lotion Principle of India and also proprietor of Rising Sun Holdings, got the 1st floor of Brain IT Park in Pune for Rs 395 crore. According to current reports, ICICI Prudential Asset Control Company went into a huge office space offer near Mumbai International Airport Terminal for Rs 315 crore. In yet another huge package, Kinnteista, financier Rekha Jhunjhunwala's agency, supposedly acquired office space in BKC and also Chandivali in Mumbai for Rs 740 crore. Also, Reddish Fox IT Infra, a subsidiary of Redbrick Offices, is actually know to have actually acquired many office in Mumbai in a Rs 260-crore deal..Nonetheless, most of the office bargains reside in leasing. Home working as a consultant Cushman & Wakefield, in a current file, said that renting around the best eight urban areas is actually anticipated to go beyond 80 million straight feets in 2024. This is being actually steered through a mix of variables, including the continuous development of sectors like IT and economic companies.And many more, Deloitte Shared Services leased 80,000 sq ft of office space in Oberoi Commerz III, Mumbai, previously this month. The lease is actually assumed to begin on November 1.Morgan Stanley likewise rented 1 million square foot of office in the exact same complex in Mumbai just recently. The annual rental payment, extending over a 10-year time period, is approximated at Rs 192 crore, with a security deposit of Rs 104.9 crore, according to files.In Bengaluru, realty gamer RMZ Organization leased 360,000 square feet of office space to Chevron Global Technology as well as Services at RMZ Ecoworld 30-series lately. Chevron is actually assumed to put together an engineering as well as advancement quality centre within this space.In the first fifty percent of 2024 alone, leasing activity arrived at 41.9 thousand square foot, exemplifying the highest possible leasing edition captured for the very first one-half of any type of year so far, depending on to industry information. This figure make up 56 per cent of the total gross leasing quantity (GLV) for 2023.1st Posted: Sep 27 2024|11:56 PM IST.