.2 min read Last Upgraded: Sep 27 2024|11:56 PM IST.Resource monitoring agency SBI Dollars Monitoring has actually bought workplace reaching 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Facility (BKC) for Rs 103 crore, according to realty records platform Propstack.The firm performed not respond to a question from Company Criterion. Visit this site to associate with us on WhatsApp.The bargain comes with an opportunity when India's office market is experiencing considerable need.A few times ago, Adar Poonawalla, chief executive officer of Serum Institute of India and proprietor of Increasing Sunshine Holdings, acquired the 1st flooring of Brain IT Park in Pune for Rs 395 crore. Depending on to current records, ICICI Prudential Resource Monitoring Company went into a huge office space package near Mumbai International Airport for Rs 315 crore. In another huge offer, Kinnteista, capitalist Rekha Jhunjhunwala's company, reportedly got industrial area in BKC and Chandivali in Mumbai for Rs 740 crore. Likewise, Reddish Fox IT Infra, a subsidiary of Redbrick Offices, is actually know to have acquired numerous office spaces in Mumbai in a Rs 260-crore package..Nonetheless, much of the workplace bargains remain in leasing. Residential or commercial property consultancy Cushman & Wakefield, in a current record, claimed that renting around the top 8 metropolitan areas is actually assumed to go beyond 80 million square feets in 2024. This is actually being actually steered by a mix of factors, featuring the ongoing growth of sectors including IT as well as economic services.Among others, Deloitte Shared Providers leased 80,000 square foot of workplace in Oberoi Commerz III, Mumbai, earlier this month. The lease is actually assumed to begin on November 1.Morgan Stanley likewise leased 1 million square feet of office space in the same facility in Mumbai recently. The yearly rental fee, extending over a 10-year duration, is actually predicted at Rs 192 crore, along with a down payment of Rs 104.9 crore, according to reports.In Bengaluru, real estate player RMZ Enterprise rented 360,000 sq ft of office space to Chevron Global Innovation and also Services at RMZ Ecoworld 30-series just recently. Chevron is assumed to put together a design and development superiority center within this room.In the first one-half of 2024 alone, leasing task reached 41.9 million square foot, exemplifying the highest possible leasing edition videotaped for the very first one-half of any type of year until now, depending on to business data. This figure represent 56 per cent of the complete gross leasing amount (GLV) for 2023.First Posted: Sep 27 2024|11:56 PM IST.