.2 min read through Last Updated: Sep 27 2024|11:56 PM IST.Resource management agency SBI Funds Monitoring has actually bought workplace covering 67,870 square feet at Parinee Cresenzo in Mumbai's Bandra-Kurla Facility (BKC) for Rs 103 crore, depending on to property information platform Propstack.The business carried out not react to an inquiry coming from Service Specification. Visit here to associate with us on WhatsApp.The offer comes at a time when India's workplace market is actually watching significant requirement.A few times ago, Adar Poonawalla, chief executive officer of Serum Principle of India as well as proprietor of Rising Sunshine Holdings, purchased the very first flooring of Brain IT Park in Pune for Rs 395 crore. Depending on to recent files, ICICI Prudential Asset Monitoring Business got into a sizable workplace deal near Mumbai International Airport for Rs 315 crore. In yet another ultra bargain, Kinnteista, financier Rekha Jhunjhunwala's company, apparently purchased business room in BKC and Chandivali in Mumbai for Rs 740 crore. Additionally, Red Fox IT Infra, a subsidiary of Redbrick Offices, is found out to have actually bought many workplace in Mumbai in a Rs 260-crore deal..However, a lot of the office offers remain in leasing. Building working as a consultant Cushman & Wakefield, in a current report, said that renting throughout the best 8 metropolitan areas is anticipated to go over 80 million square feets in 2024. This is actually being actually steered through a combo of factors, featuring the continuous growth of markets including IT and also economic companies.Among others, Deloitte Shared Solutions leased 80,000 square feet of office space in Oberoi Commerz III, Mumbai, previously this month. The lease is actually expected to start on November 1.Morgan Stanley likewise leased 1 million sq ft of office space in the very same complex in Mumbai just recently. The yearly rent, crossing a 10-year duration, is determined at Rs 192 crore, with a security deposit of Rs 104.9 crore, depending on to files.In Bengaluru, real estate player RMZ Firm leased 360,000 square foot of workplace to Chevron Global Technology and also Solutions at RMZ Ecoworld 30-series lately. Chevron is actually anticipated to put together an engineering and development distinction centre within this room.In the very first half of 2024 alone, leasing activity got to 41.9 million sq ft, working with the best leasing edition captured for the first one-half of any kind of year so far, depending on to sector records. This amount accounts for 56 percent of the overall gross leasing quantity (GLV) for 2023.First Published: Sep 27 2024|11:56 PM IST.