.2 min checked out Last Updated: Sep 27 2024|11:56 PM IST.Asset management company SBI Dollars Control has acquired workplace spanning 67,870 sq ft at Parinee Cresenzo in Mumbai's Bandra-Kurla Complicated (BKC) for Rs 103 crore, depending on to real estate information platform Propstack.The provider performed certainly not react to a concern coming from Business Specification. Click here to get in touch with our team on WhatsApp.The offer comes with a time when India's office market is seeing considerable demand.A handful of days ago, Adar Poonawalla, ceo of Cream Institute of India and owner of Climbing Sunshine Holdings, bought the very first floor of Cerebrum IT Playground in Pune for Rs 395 crore. Depending on to current reports, ICICI Prudential Property Management Provider entered into a large office space offer near Mumbai International Airport for Rs 315 crore. In one more huge deal, Kinnteista, capitalist Rekha Jhunjhunwala's company, supposedly acquired business area in BKC and also Chandivali in Mumbai for Rs 740 crore. Also, Reddish Fox IT Infra, a subsidiary of Redbrick Workplaces, is found out to have bought numerous office in Mumbai in a Rs 260-crore bargain..However, many of the workplace offers remain in leasing. Building working as a consultant Cushman & Wakefield, in a recent document, mentioned that renting across the top 8 areas is expected to exceed 80 million straight feet in 2024. This is being steered through a blend of factors, including the continued growth of industries such as IT and also financial solutions.And many more, Deloitte Shared Services leased 80,000 square feet of workplace in Oberoi Commerz III, Mumbai, previously this month. The lease is actually anticipated to start on Nov 1.Morgan Stanley also leased 1 thousand square feet of office in the very same facility in Mumbai just recently. The yearly lease, crossing a 10-year duration, is estimated at Rs 192 crore, with a security deposit of Rs 104.9 crore, according to files.In Bengaluru, realty player RMZ Enterprise rented 360,000 square feet of office to Chevron Global Innovation and also Solutions at RMZ Ecoworld 30-series recently. Chevron is assumed to set up an engineering and also advancement superiority center within this room.In the very first one-half of 2024 alone, leasing activity got to 41.9 million sq ft, exemplifying the highest possible leasing volume documented for the 1st one-half of any kind of year up until now, depending on to field data. This body make up 56 percent of the total gross leasing quantity (GLV) for 2023.Initial Published: Sep 27 2024|11:56 PM IST.