.2 min went through Last Upgraded: Sep 27 2024|11:56 PM IST.Property control firm SBI Funds Management has bought workplace covering 67,870 sq ft at Parinee Cresenzo in Mumbai's Bandra-Kurla Complex (BKC) for Rs 103 crore, depending on to real property data platform Propstack.The company performed certainly not reply to a question coming from Organization Specification. Click here to get in touch with our company on WhatsApp.The offer comes with a time when India's office market is seeing notable requirement.A couple of times ago, Adar Poonawalla, president of Lotion Institute of India as well as owner of Increasing Sun Holdings, bought the first flooring of Brain IT Park in Pune for Rs 395 crore. Depending on to recent reports, ICICI Prudential Property Monitoring Business got in a huge office deal near Mumbai International Airport for Rs 315 crore. In one more mega package, Kinnteista, entrepreneur Rekha Jhunjhunwala's company, apparently purchased office space 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 bought numerous office in Mumbai in a Rs 260-crore deal..Nonetheless, a number of the office offers are in leasing. Building consultancy Cushman & Wakefield, in a recent document, pointed out that renting across the leading eight urban areas is assumed to surpass 80 million square feets in 2024. This is actually being steered through a combo of aspects, featuring the ongoing development of sectors including IT and also economic services.And many more, Deloitte Shared Providers leased 80,000 sq ft of office space in Oberoi Commerz III, Mumbai, previously this month. The lease is anticipated to start on Nov 1.Morgan Stanley also rented 1 million square foot of workplace in the same complicated in Mumbai lately. The annual lease, crossing a 10-year period, is estimated at Rs 192 crore, with a security deposit of Rs 104.9 crore, according to records.In Bengaluru, realty gamer RMZ Organization leased 360,000 square feet of workplace to Chevron Global Innovation and Solutions at RMZ Ecoworld 30-series lately. Chevron is actually expected to set up a design and also technology superiority center within this space.In the 1st fifty percent of 2024 alone, leasing activity got to 41.9 thousand square feet, representing the highest leasing volume tape-recorded for the 1st one-half of any sort of year up until now, according to market data. This amount represent 56 per-cent of the total gross leasing volume (GLV) for 2023.First Released: Sep 27 2024|11:56 PM IST.