.2 min read through Last Improved: Sep 27 2024|11:56 PM IST.Possession monitoring agency SBI Monitoring has purchased workplace reaching 67,870 sq ft at Parinee Cresenzo in Mumbai's Bandra-Kurla Facility (BKC) for Rs 103 crore, according to property records system Propstack.The business did certainly not reply to a query from Organization Specification. Click on this link to get in touch with our company on WhatsApp.The offer comes with an opportunity when India's workplace market is seeing significant demand.A few times earlier, Adar Poonawalla, chief executive officer of Serum Principle of India and owner of Climbing Sunlight Holdings, got the very first floor of Brain IT Playground in Pune for Rs 395 crore. Depending on to recent records, ICICI Prudential Property Monitoring Business entered a big office space package near Mumbai International Airport for Rs 315 crore. In another ultra bargain, Kinnteista, entrepreneur Rekha Jhunjhunwala's organization, reportedly acquired industrial space in BKC and also Chandivali in Mumbai for Rs 740 crore. Likewise, Reddish Fox IT Infra, a subsidiary of Redbrick Offices, is actually found out to have actually gotten many workplace in Mumbai in a Rs 260-crore package..However, much of the office bargains remain in leasing. Home consultancy Cushman & Wakefield, in a recent record, pointed out that leasing throughout the best 8 urban areas is actually expected to exceed 80 thousand straight feet in 2024. This is actually being driven by a mix of variables, featuring the continuous growth of sectors such as IT as well as economic companies.Among others, Deloitte Shared Solutions rented 80,000 square foot of office in Oberoi Commerz III, Mumbai, previously this month. The lease is assumed to start on Nov 1.Morgan Stanley additionally leased 1 thousand sq ft of workplace in the exact same complicated in Mumbai lately. The annual rent, extending over a 10-year duration, is approximated at Rs 192 crore, along with a security deposit of Rs 104.9 crore, according to records.In Bengaluru, real estate player RMZ Enterprise rented 360,000 square foot of workplace to Chevron Global Modern Technology and Solutions at RMZ Ecoworld 30-series lately. Chevron is actually assumed to put together a design and also advancement excellence center within this space.In the initial one-half of 2024 alone, leasing task arrived at 41.9 thousand square foot, working with the greatest leasing edition captured for the 1st one-half of any type of year so far, depending on to field information. This amount make up 56 percent of the complete gross leasing volume (GLV) for 2023.First Posted: Sep 27 2024|11:56 PM IST.