.2 min went through Final Updated: Sep 27 2024|11:56 PM IST.Asset control organization SBI Finances Control has actually obtained office stretching over 67,870 square feet at Parinee Cresenzo in Mumbai's Bandra-Kurla Complex (BKC) for Rs 103 crore, according to realty data platform Propstack.The provider carried out certainly not reply to an inquiry coming from Business Standard. Visit here to get in touch with us on WhatsApp.The package comes with a time when India's office market is witnessing considerable demand.A few times back, Adar Poonawalla, ceo of Lotion Institute of India as well as owner of Rising Sunlight Holdings, bought the first floor of Brain IT Park in Pune for Rs 395 crore. According to latest reports, ICICI Prudential Resource Control Company got into a big workplace bargain near Mumbai International Flight Terminal for Rs 315 crore. In an additional huge offer, Kinnteista, entrepreneur Rekha Jhunjhunwala's company, supposedly got office area in BKC and Chandivali in Mumbai for Rs 740 crore. Also, Red Fox IT Infra, a subsidiary of Redbrick Offices, is found out to have gotten several workplace in Mumbai in a Rs 260-crore deal..Having said that, most of the office packages are in leasing. Home consultancy Cushman & Wakefield, in a recent file, said that renting around the leading 8 areas is actually anticipated to surpass 80 million straight feet in 2024. This is actually being steered through a mix of variables, consisting of the continuing development of fields such as IT and also financial solutions.To name a few, Deloitte Shared Companies leased 80,000 sq ft of workplace in Oberoi Commerz III, Mumbai, previously this month. The lease is expected to start on Nov 1.Morgan Stanley also leased 1 million sq ft of office in the same complex in Mumbai lately. The annual rental fee, crossing a 10-year time frame, is predicted at Rs 192 crore, with a security deposit of Rs 104.9 crore, according to documents.In Bengaluru, real estate gamer RMZ Enterprise rented 360,000 square foot of office to Chevron Global Modern Technology and Companies at RMZ Ecoworld 30-series lately. Chevron is expected to establish an engineering as well as advancement excellence center within this space.In the 1st one-half of 2024 alone, leasing activity got to 41.9 thousand sq ft, standing for the highest possible leasing volume taped for the first fifty percent of any sort of year so far, according to market records. This figure accounts for 56 per cent of the total gross leasing volume (GLV) for 2023.Very First Posted: Sep 27 2024|11:56 PM IST.