.2 min went through Last Upgraded: Sep 27 2024|11:56 PM IST.Possession control firm SBI Control has obtained office reaching 67,870 sq ft at Parinee Cresenzo in Mumbai's Bandra-Kurla Complex (BKC) for Rs 103 crore, depending on to real estate data platform Propstack.The provider did certainly not reply to a query coming from Business Requirement. Visit this site to associate with us on WhatsApp.The package comes with a time when India's office market is observing substantial requirement.A handful of times earlier, Adar Poonawalla, president of Serum Institute of India and owner of Rising Sunshine Holdings, bought the first flooring of Cerebrum IT Playground in Pune for Rs 395 crore. Depending on to latest reports, ICICI Prudential Resource Management Company entered a large office space bargain near Mumbai International Flight Terminal for Rs 315 crore. In another huge deal, Kinnteista, financier Rekha Jhunjhunwala's agency, reportedly acquired office space in BKC as well as Chandivali in Mumbai for Rs 740 crore. Additionally, Red Fox IT Infra, a subsidiary of Redbrick Offices, is found out to have actually gotten a number of office spaces in Mumbai in a Rs 260-crore offer..However, much of the office bargains reside in leasing. Residential property consultancy Cushman & Wakefield, in a current record, claimed that leasing throughout the best eight metropolitan areas is anticipated to go beyond 80 thousand straight feets in 2024. This is actually being actually steered through a blend of aspects, featuring the continued growth of sectors like IT and also economic services.Among others, Deloitte Shared Solutions leased 80,000 sq ft of office in Oberoi Commerz III, Mumbai, previously this month. The lease is expected to start on Nov 1.Morgan Stanley also rented 1 thousand square foot of office space in the very same facility in Mumbai just recently. The annual rent, extending over a 10-year time period, is actually determined at Rs 192 crore, along with a down payment of Rs 104.9 crore, according to reports.In Bengaluru, real estate player RMZ Firm leased 360,000 square foot of office to Chevron Global Innovation as well as Companies at RMZ Ecoworld 30-series recently. Chevron is actually assumed to establish an engineering and also advancement quality center within this room.In the initial fifty percent of 2024 alone, leasing activity hit 41.9 thousand square feet, working with the highest possible leasing volume recorded for the initial one-half of any sort of year until now, according to field data. This figure represent 56 percent of the complete gross leasing volume (GLV) for 2023.Very First Released: Sep 27 2024|11:56 PM IST.