.2 minutes checked out Final Upgraded: Sep 27 2024|11:56 PM IST.Property management agency SBI Finances Monitoring has acquired workplace extending 67,870 square foot at Parinee Cresenzo in Mumbai's Bandra-Kurla Facility (BKC) for Rs 103 crore, depending on to realty information platform Propstack.The firm carried out not respond to a query from Company Specification. Visit this site to connect with us on WhatsApp.The offer comes at an opportunity when India's workplace market is actually seeing notable need.A handful of times earlier, Adar Poonawalla, ceo of Cream Principle of India and also owner of Increasing Sun Holdings, got the initial flooring of Cerebrum IT Park in Pune for Rs 395 crore. According to latest records, ICICI Prudential Resource Management Firm entered into a sizable office space package near Mumbai International Flight Terminal for Rs 315 crore. In yet another mega bargain, Kinnteista, entrepreneur Rekha Jhunjhunwala's organization, apparently purchased business area in BKC and Chandivali in Mumbai for Rs 740 crore. Likewise, Red Fox IT Infra, a subsidiary of Redbrick Offices, is learnt to have actually gotten numerous workplace in Mumbai in a Rs 260-crore offer..Having said that, most of the workplace bargains reside in leasing. Property consultancy Cushman & Wakefield, in a current file, mentioned that renting throughout the top eight areas is anticipated to go beyond 80 thousand square feets in 2024. This is being steered by a combination of variables, including the continuous growth of fields such as IT as well as financial services.To name a few, Deloitte Shared Solutions rented 80,000 square feet of workplace in Oberoi Commerz III, Mumbai, previously this month. The lease is actually assumed to start on Nov 1.Morgan Stanley additionally rented 1 thousand square feet of workplace in the same facility in Mumbai recently. The annual rent, crossing a 10-year duration, is predicted at Rs 192 crore, with a security deposit of Rs 104.9 crore, depending on to files.In Bengaluru, real estate gamer RMZ Firm leased 360,000 square foot of workplace to Chevron Global Modern Technology as well as Provider at RMZ Ecoworld 30-series lately. Chevron is assumed to put together a design and also advancement quality centre within this area.In the initial one-half of 2024 alone, leasing activity hit 41.9 million sq ft, embodying the highest possible leasing edition captured for the initial half of any year so far, depending on to business information. This number make up 56 per-cent of the total gross leasing quantity (GLV) for 2023.1st Published: Sep 27 2024|11:56 PM IST.