.2 min checked out Last Updated: Sep 27 2024|11:56 PM IST.Property management organization SBI Dollars Monitoring has purchased office space stretching over 67,870 sq ft at Parinee Cresenzo in Mumbai's Bandra-Kurla Complex (BKC) for Rs 103 crore, depending on to real estate records system Propstack.The firm did not respond to a query from Company Specification. Visit here to associate with our company on WhatsApp.The package comes with a time when India's office market is seeing notable demand.A couple of times ago, Adar Poonawalla, chief executive officer of Serum Principle of India and owner of Rising Sunlight Holdings, got the initial flooring of Cerebrum IT Playground in Pune for Rs 395 crore. Depending on to recent documents, ICICI Prudential Resource Monitoring Firm got into a sizable workplace bargain near Mumbai International Flight Terminal for Rs 315 crore. In another mega package, Kinnteista, capitalist Rekha Jhunjhunwala's organization, supposedly acquired office room in BKC and also Chandivali in Mumbai for Rs 740 crore. Likewise, Reddish Fox IT Infra, a subsidiary of Redbrick Workplaces, is know to have actually bought several office spaces in Mumbai in a Rs 260-crore deal..Nonetheless, a lot of the workplace deals remain in leasing. Building consultancy Cushman & Wakefield, in a latest report, claimed that leasing throughout the top eight cities is actually assumed to surpass 80 thousand straight feet in 2024. This is actually being steered by a combination of variables, consisting of the ongoing development of markets like IT and monetary solutions.And many more, Deloitte Shared Solutions rented 80,000 square foot of workplace in Oberoi Commerz III, Mumbai, earlier this month. The lease is actually anticipated to start on November 1.Morgan Stanley additionally leased 1 million square feet of office in the same complicated in Mumbai recently. The annual lease, crossing a 10-year time frame, is predicted at Rs 192 crore, with a down payment of Rs 104.9 crore, according to records.In Bengaluru, real estate gamer RMZ Firm leased 360,000 square feet of workplace to Chevron Global Technology and Services at RMZ Ecoworld 30-series just recently. Chevron is actually assumed to establish an engineering and also development excellence center within this area.In the initial half of 2024 alone, leasing activity hit 41.9 million square feet, exemplifying the highest possible leasing edition videotaped for the very first half of any kind of year until now, according to industry data. This number represent 56 per-cent of the total gross leasing volume (GLV) for 2023.Initial Posted: Sep 27 2024|11:56 PM IST.